By automating the trendline drawing part with this indicator, traders can instead focus on other important aspects of analyzing markets. Tips for using: You can trade trendlines displayed by the "AutoTrendline" indicator in various ways.

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For example, if you break above or below the trendline, you may want to try a breakout strategy. In addition, prices often rebound after they touch the trend line.

In such a case, it could be profitable to aim higher and think about buying. Conclusion: Actually, there are many ways to use trendlines.

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They can be used for trend judgment and can also be used for stop-loss orders. SELL Rules. Leave a Reply Cancel reply Your email address will not be published.

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