Drawing MT4 S&R and trend lines
I have not been able to find an answer to this question in the forum. It's rather simple, but forgive me...
Is it possible to draw support and resistance lines as well as trend lines in MT4 that are "short"???
For example, if I add a support line using the toolbar, I do not want the line to extend all the way across the chart, which it does by default. I just want a nice short line under my identified area of support, an inch or so long, so it doesn't interfere with other lines etc.
Does anyone know if there is a way to do this?
Just draw your line and then double click on it so it is selected. Then right click, then select trendline properties. then un-check the box marked Ray.
Thank you, smjones. That's a big help.
Can you tell me if there is a way to do the same thing with just a horizontal line, for example when just drawing S&R lines??? I do not see a "Ray" check box option under horizontal line properties.
Thanks again, and BTW as a new trader with much to learn, I have always enjoyed learning from your posts and input on the forums.
Just use the same 'trendline tool' "/" to create the horizontal lines. It is just an all purpose line drawing tool.
Thanks Green, I did not see this post until now.
I had to balance my Karma from my earlier "grumbly" posts. Probably see a load of helpfull stuff from SummitFX soon
Thanks very much guys! I'll just use the trendline tool to draw S&R as well.
Thanks again for your help to a new guy.
Show object description
Double click the horizontal or Trendline then click on property.
Use the Description, type on it whatever you want to be shown
on the chart. Then after, right click anywhere on the chart then click
on the property, then select "Common" then Check on "Show object
Hope it helps,
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