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A Trend Line is an analytical drawing tool used to indicate the direction of price movement. The upward trend line is called bullish, the downward trend line is called bearish. A trend reversal may take place if a market moves away from its current trend. The Trend Line can be represented as a Ray Line or as an Extended Line.
Ray Line - is a trend line that can be extended to the right only. It is an analytical drawing tool used to indicate the possible future direction of the price movement.
Extended Line - is a trend line that is extended to the left and to the right. It is an analytical drawing tool used to indicate the past and future direction of the price movement.
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== Inserting Trend Line ==
# Select one of three ways to insert a Trend line:
#* In the menu select '''Insert''', point to '''Drawing''' and click '''Trend Line'''.
#* Click the Trend line''' http://www.multicharts.com/img/wiki/toolbar/36_Trend_Line.png icon on the '''Drawing''' toolbar.
#* Click the arrow next to the '''Drawing tools''' http://www.multicharts.com/img/wiki/toolbar/07_Drawing_Tools.png icon on the '''Main''' toolbar and select '''Trend Line''' from the menu.
# The cursor will change to the '''Trend line''' http://www.multicharts.com/img/wiki/cursors/drawings/Drawings_01.gif.
# In the Chart Area click where the Trend line is to begin.
# Then keeping the left mouse button pressed move the pointer up, down, left, or right to position the Trend line.
# Release the button.
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== Moving Trend Line ==
To move a Trend line without changing its slope or length:
# Point the cursor at the Trend line that is to be moved.
# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif.
# Then keeping the left mouse button pressed drag the Trend line to the desired position.
# Release the button.
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== Reshaping Trend Line ==
To reshape a Trend line (change its slope or length):
# Point the cursor at the Trend line that is to be reshaped.
# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif.
# Left-click the Trend line and 2 small squares will appear at both ends of the Trend line.
# Drag one of these squares till the drawing tool becomes of the desired shape.
# Release the button.
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== Formatting Trend Line ==
In MultiCharts one can change the settings of the Trend Line. All the changes are performed in the '''Format Trend Line''' window.
Each instance of a Trend line has its own '''Format''' window. The number (if there are 2 or more Trend lines in the same Chart Window) are shown in the titlebar of each '''Format Trend Line''' window.
One can change the style of the Trend line: its color, style and weight. One can choose any element of the Trend line to be displayed or hidden. It is possible to extend the Trend line to the left or/and to the right. One can also select one of 4 calculation types available to compute a Trend line. It is also possible to change the time and price coordinates of the Trend line.
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=== Setting Style ===
# Access the '''Format Trend Line''' window.
#: To access the '''Format Trend Line''' window:
#:# Drag the cursor to the Trend line that is to be formatted.
#:# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, then double-click.
#::Or
#:# Drag the cursor to the Trend line that is to be formatted.
#:# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, then right-click.
#:# Select '''Format 'Trend Line'…''' from the shortcut menu.
#::Or
#:# In the '''<font color="blue">Format Objects</font>''' window select the '''Drawings''' tab.
#:# Select the Trend line that is to be formatted and press the '''Format…''' button.
# Select the '''Style''' tab.
# In the '''Color''' section select any of the preset 40 colors or click the '''Others…''' button to select the custom color.
# From the '''Style''' drop-down list select the desired style.
# From the '''Weight''' drop-down list select the desired weight.
# Check the '''Use as Default''' check box to use these settings as the default settings when creating other Trend lines.
# Click '''OK'''.
[[Category:Drawing_Tools]]