Drawing MT4 S&R and trend lines | Forex Factory

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Drawing MT4 S&R and trend lines

  • #1
  • First Post: Nov 29, 2006 6:58pm Nov 29, 2006 6:58pm
Hello,

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?

Thanks,

grajo
  • #2
  • Edited 7:30pm Nov 29, 2006 7:01pm | Edited 7:30pm
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.



Quoting grajo
Hello,

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?

Thanks,

grajo
  • #3
  • Nov 30, 2006 8:32am Nov 30, 2006 8:32am
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.
  • #4
  • Nov 30, 2006 9:59am Nov 30, 2006 9:59am
Just use the same 'trendline tool' "/" to create the horizontal lines. It is just an all purpose line drawing tool.
Quoting grajo
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.
In trading, there is no bullshit. You either make money or you don't.
  • #5
  • Nov 30, 2006 10:05am Nov 30, 2006 10:05am
Thanks Green, I did not see this post until now.

Scott


Quoting mrgreen
Just use the same 'trendline tool' "/" to create the horizontal lines. It is just an all purpose line drawing tool.
  • #6
  • Nov 30, 2006 10:21am Nov 30, 2006 10:21am
I had to balance my Karma from my earlier "grumbly" posts. Probably see a load of helpfull stuff from SummitFX soon
Quoting smjones
Thanks Green, I did not see this post until now.

Scott
In trading, there is no bullshit. You either make money or you don't.
  • #7
  • Nov 30, 2006 9:30pm Nov 30, 2006 9:30pm
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.

grajo
  • #8
  • Feb 19, 2008 9:45pm Feb 19, 2008 9:45pm
Quoting grajo
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.

grajo
This is good. I have a question. I am also a newbie. I want to know how to put a market price on the horizonal line.

Thank you.

Forex Star.
  • #9
  • Last Post: Mar 26, 2008 4:50am Mar 26, 2008 4:50am
Quoting Forex Star
This is good. I have a question. I am also a newbie. I want to know how to put a market price on the horizonal line.

Thank you.

Forex Star.
Hi There,

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
property"

Hope it helps,


fxhadji
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