Trendlines
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Trendlines are commonly drawn by connecting two (or more) lows or two (or more) highs on a chart. In a rising market, most people will use lows, while in a falling market highs are typically used. Some analysts prefer to use only the highs and lows of bars, while others use opens or closes or other values that ignore extremes in favor of other factors such as nearby support and resistance. Because Trendlines that have several touches are generally considered to be stronger, you may want to draw your Trendlines to maximize the number of touches.

Prices tend to respect Trendlines and to remain on one side of (and move in the direction of) a Trendline. When a Trendline is broken, you should look for other signs to indicate whether the trend may have changed. See Disclaimer.

To start drawing a Trendline, press the btntrend button, or choose Trendlines from the menu. Once you have chosen the options you prefer, draw the Trendline by drawing a line connecting two significant points on your chart.

The Trendline dialog offers you several options. When you draw a Trendline, the options you have chosen there will be used. If you wish to change any of these options after you have drawn a Trendline, simply select the Trendline (or point at it) and type the appropriate letter:

e
Turn line extensions on or off
(to switch between a complete line and a line segment)
g
Turn segment bisector on or off
b
Turn Gann Angle lines on or off
s
Turn Speed Resistance lines on or off