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Draw trendline

On MetaTrader4 (MT4) / MetaTrader5 (MT5), you can draw trendlines, trendlines by angle, and cycle lines. They are often used to read and analyze trends, momentum, and cycles of the market.

Here, we'll take a look at how to draw and set up the trendline, the most often used of the three lines.

Switch between MT4/MT5 tabs to check the steps for each.

mt4
mt5

Step 1

Trendlines can be displayed from the menu or toolbar.

Draw a trendline from the menu

Click "Insert" in the menu. Hover the pointer over "Lines" and select "Trendline".

Draw a trendline from the menu Draw a trendline from the menu
  1. Trendline

    Trendline

    Trendline connects the low, high, or close prices to read the trend. The trendline will help you determine the direction and momentum of a trend.

  2. Trend by Angle

    Trend by Angle

    Trendline by Angle is the trendline with a specified angle. The angle relative to the horizontal line will be displayed. Analyze the angle of the trend line to determine the strength of a trend.

Draw a trendline from the toolbar

Click the "Draw trendline" button on the toolbar.

Select Draw trendline from the toolbar Select Draw trendline from the toolbar

Step 2

Click at the starting point of the trendline on the chart and drag to the end point.

Draw a trendline Draw a trendline

Step 3

If you want to adjust the position of trendline, make sure the white dots are being displayed on the trendline and move each dot as necessary. If you cannot see the white dots, double-click near the trendline to display the white dots.

Adjust the position of trendline Adjust the position of trendline

Number

Descriptions

1

Change the starting point of the trendline.

2

Change the position of the trendline.

3

Change the end point of the trendline.

point Values displayed during drawing a trendline
The numbers of candlesticks and points The numbers of candlesticks and points

Values displayed when dragging indicate the numbers of candlesticks and points from the starting point to the end point.

Step 4

To modify the trendline settings, right-click near the trendline and select "Trendline properties...".

Display trendline properties Display trendline properties

Step 5

Edit the parameters of the trendline in the three tabs, "Common", "Parameters", and "Visualization", and click "OK".

"Common" tab

Common tab of the trendline Common tab of the trendline

Number

Item name

Descriptions

1

Name

Name the trendline.

2

Description

The description can be displayed on the chart when hovering the pointer over the trendline.

3

Style

Set the color, line type, and line thickness for the trendline.

4

Draw object as background

Check this box if you want to place the trendline behind the chart.

"Parameters" tab

Parameters tab of the trendline Parameters tab of the trendline

Number

Item name

Descriptions

1

Starting point position

Specify the starting point position by date and price.

2

End point position

Specify the end point position by date and price.

3

Ray

Check this box to extend the trendline.

point Use "Ray" for future analysis

"Ray" is a parameter that can be set on an object such as a channel to extend the line beyond its end point. This makes it easier to analyze, as the line will be extended into the future, based on the price movement between the starting point and the end point at a certain point in time.

When Ray is checked When Ray is checked

"Visualization" tab

On the "Visualization" tab, you can specify the timeframes to use the trendline with.

Visualization tab of the trendline Visualization tab of the trendline
knowledge Internal trendline

Unlike conventional trendlines, internal trendlines can be used for different situations, such as highs and lows, closes and lows, and so on. While this provides a high degree of freedom, it can also be highly arbitrary.

Draw an internal trendline Draw an internal trendline

Step 1

Draw a trendline from the menu

Click "Insert" in the menu. Hover the pointer over "Objects" > "Lines" and select "Trendline".

Draw a trendline from the menu Draw a trendline from the menu
  1. Trendline

    Trendline

    Trendline connects the low, high, or close prices to read the trend. The trendline will help you determine the direction and momentum of a trend.

  2. Trend By Angle

    Trend By Angle

    Trendline by Angle is the trendline with a specified angle. The angle relative to the horizontal line will be displayed. Analyze the angle of the trend line to determine the strength of a trend.

  3. Cycle Lines

    Cycle Lines

    Cycle lines are made up of multiple evenly-spaced vertical lines. This tool is based on the theory that a trend repeats itself in cycles. Analyze the cycle line to help you determine the ceiling and floor of a trend.

Draw a trendline from the toolbar

Click the "Draw trendline" button on the toolbar.

Draw a trendline from the toolbar Draw a trendline from the toolbar

Step 2

Click at the starting point of the trendline on the chart and drag to the end point.

Click at the starting point of the trendline on the chart and drag to the end point Click at the starting point of the trendline on the chart and drag to the end point

Step 3

If you want to adjust the position of trendline, make sure the white dots are being displayed on the trendline and move each dot as necessary. If you cannot see the white dots, double-click near the trendline to display the white dots.

Adjust the position of trendline Adjust the position of trendline

Number

Descriptions

1

Change the starting point of the trendline.

2

Change the position of the trendline.

3

Change the end point of the trendline.

point Values displayed during drawing a trendline
Angle of the trendline Angle of the trendline

Values displayed when dragging indicate the numbers of candlesticks and points from the starting point to the end point.

Step 4

To modify the trendline settings, right-click near the trendline and select "Properties".

Modify the trendline settings Modify the trendline settings

Step 5

Edit the parameters of the trendline in the three tabs, "Common", "Parameters", and "Visualization", and click "OK".

"Common" tab

Edit the parameters of the trendline in the three tabs, Common, Parameters, and Visualization Edit the parameters of the trendline in the three tabs, Common, Parameters, and Visualization

Number

Item name

Descriptions

1

Name

Name the trendline.

2

Description

The description of the trendline can be displayed on the chart.
Related article: Show or hide items on chart

3

Style

Set the color, line type, and line thickness for the trendline.

4

Draw object as background

Check this box if you want to place the trendline behind the chart.

5

Disable selection

Check this box if you want to disable the editing of the trendline.

"Parameters" tab

Parameters tab Parameters tab

Number

Item name

Descriptions

1

Starting point position

Specify the starting point position by date and price.

2

End point position

Specify the end point position by date and price.

3

Ray

Check each box to extend the trendline to the left and right.

When "Ray right" is checked

When Ray right is checked When Ray right is checked

When "Ray left" is checked

When Ray left is checked When Ray left is checked

"Visualization" tab

On the "Visualization" tab, you can specify the timeframes to use the trendline with.

Visualization tab Visualization tab
point Internal trendline

The Internal trendline will try to include as many highs and lows as possible within a trend.

Internal trendline Internal trendline

Normally, trendlines connect the highs with the highs and the lows with the lows. But the internal trendline will help you gain a new perspective on the market.


Date

Created

 : 2022.08.31

Update

Last updated

 : 2022.11.25

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

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Takayoshi Nakamaru

Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.

【Business information】
http://www.fintecs.co.jp/profile/

Supervisor

Akira Takagi

Systems engineer, MetaTrader administrator

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Akira Takagi

After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.

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