Charting Tools - Trend Line & Multi-Trend Line

To draw a support or resistance line use either the Trend or Multi-Trend Tools.  See examples at bottom of page.

Drawing a Trend Line:

  1. Select the Trend Line Tool. 
  2. Left click on the chart where you want the trend line to begin.
  3. Hold down the mouse button and move to the position where the trend line ends.
  4. Release the mouse button to place.

Resizing the Trend Line:

  1. Select the Trend Line drawing by clicking on it. You will  know the Trend Line is selected when boxes appear at the ends of the Trend Line.
  2. Click on a box and drag to the desired length.  Release the mouse button to place the end point of the Trend Line.

Moving the Trend Line:

  1. Select the Trend Line drawing by clicking on it. 
  2. Click on the Trend Line (not on a box) and drag to new location and release mouse button to place.

To delete the Trend Line:

Left click the Trend Line to select it, then press the Delete Key on your keyboard.

Drawing a Multi-Trend Line:

  1. Select  the Multi-Trend Line Tool. 
  2. Left click on the chart where you want the Trend Line to start.
  3. Move the mouse to the next point on the Multi-Trend Line and left click to place.
  4. Repeat #3 until the last point.  When placing the last point on the Multi-Trend line, right click to place.

Resizing the Multi-Trend Line:

  1. Select the Multi-Trend Line drawing by clicking on it. You will  know the Multi-Trend Line is selected when boxes appear at the ends of the Multi-Trend Line.
  2. Click on a box and drag to the desired length.  Release the mouse button to place the end point of the Multi-Trend Line.

Moving the Multi-Trend Line:

  1. Select the Multi-Trend Line drawing by clicking on it. 
  2. Click on the Multi-Trend Line (not on a box) and drag to new location, release mouse button to place.

To delete the Multi-Trend Line:

Left click on the Multi-Trend Tool to select, then press the Delete Key on your keyboard.

 

Support
Support is defined as a horizontal floor where interest in buying a commodity is strong enough to overcome the pressure to sell. Therefore, a decrease in price is reversed and prices rise once again. Typically, support can be identified on a chart by a previous set of lows.

Resistance
Essentially, resistance is the opposite of support. Resistance is defined as a horizontal ceiling where the pressure to sell is greater than the pressure to buy. Therefore, an increase in price is reversed and prices revert downward. Typically, support can be located on a chart by a previous set of highs.