Trend Lines - Identifying Existing Price Trends
Trend Lines - Overview Trend Lines are one of the oldest technical indicators. Trend lines are used to identify and confirm existing price trends. They can be drawn on any timeframe and can be used on any price chart. The key to using trend lines effectively is the methodology used to draw them on the price chart. Simply put, a trend line is a straight line that connects two or more swing points. A positive sloping line is defined as an uptrend. A negative sloping line is defined as a downtrend. Positive Trend Line A positive uptrend is when there are higher highs and higher lows on the price chart. ...
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