How to Draw MT4 Channel Indicator
An upwards xauusd channel is plotted by drawing a line that is parallel to the upward trend-line & then adjusted to touch the tops boundary of the gold price movement. This then forms a channel and as long as the trading price stays between these two channels the bullish market xauusd trend movement will continue moving upwards - bullish gold trend.
How to Draw MT4 Up XAUUSD Trend Channel Indicator - Upwards Channel Indicator MetaTrader 4 Technical Indicator
How to Draw MT4 Up XAUUSD Trend Channel Indicator - Analysis of Upward Channel Indicator MT4
Analysis of Upward Channel Indicator MetaTrader 4 - This MT4 up xauusd trend channel is used by traders to show levels where it best to take profits. Traders will take some profit once the gold trading price touches the upper channel & wait for another retracement before opening a buy gold trading again.
MetaTrader 4 Channel Indicator Tools for Drawing Upward Gold Channel
The tools to draw these a xauusd upwards channel in the MetaTrader 4 platform, MT4 are located on the MetaTrader 4 chart drawing indicators toolbar within the MetaTrader 4, To access this chart indicator toolbar if it is not activated on your MT4 software, Click in 'View' Next to the 'File' menu at top left corner of MetaTrader 4 and click View, Then Click on Tool Bars, Then Check the 'Lines Toolbar' by clicking on it.
Below is example of MetaTrader 4 Channel Indicator Drawing Tool on MT4 Charts Tool Bar. To draw a channel on a xauusd chart click on this MetaTrader 4 Channel Indicator tool & choose the point where you want to plot the upward channel on the gold chart.
MetaTrader 4 XAUUSD Channel Drawing Indicator
MT4 Channel Indicator Tools for Drawing Upward XAUUSD Channel
