Trend indicators #4: Trendlines. A Trendline is a tool you draw on your charts. It can help you identify the direction and the strength of a trend. But ...SearchTradingGuidesTheMonsterGuidetoCandlestickPatternsThePriceActionTradingStrategyGuideTheBestTradingBooksofAllTimeThe5BestTrendIndicatorsThatWorkThe5TypesofForexTradingStrategiesThatWorkTheSupportandResistanceTradingStrategyGuideTheMovingAverageIndicatorStrategyGuideTheCompleteGuidetoFindingHighProbabilityTradingSetupsHowMuchMoneyCanYouMakefromTrading?SwingTradingStrategiesThatWorkAboutRaynerTeoRaynerTeoisanindependenttrader,ex-proptrader,andfounderofTradingwithRayner.HeisthemostfollowedtraderinSingaporewithmorethan100,000tradersreadinghisblogeverymonth...ContinuereadingThe5BestTrendIndicatorsThatWork LastUpdated:March16,2020ByRaynerOneofthemostcommonquestionsIgetfromtradersisthis…“HeyRayner,howdoIidentifythedirectionofthetrend?”However,it’snotassimpleasitseems—evenifyouusetrendindicators.Forexample:TheDailychartisinanuptrend.Butwhenyougodowntothehourlychart,it’sadowntrend.Andifyougodowntothe5-minutechart,it’schoppingallovertheplace.Sowhatshouldyoudo?Well,you’llknowtheanswerafterreadingthispostbecauseyou’lllearn:ThemostimportantthingyouneedbeforeidentifyingthedirectionofthetrendHowtousepriceactionandidentifythedirectionofthetrendHowtotellthedirectionofatrendwithoutusingcandlestickchartHowtouseMovingAveragetoidentifythestrengthofatrendHowtouseTrendlinesthecorrectwayHowtouseChannelstobettertimeyourentries&exitsMypersonalmethodtoidentifyandtradewiththetrendSoundsgood?Thenlet’sbegin…Thisisthemostimportantthingbeforeyoucanidentifythedirectionofthetrend(andit’snotanindicator)Thetrendisanillusion.Yup.Youreadmeright.Isaidthetrendisanillusion.Why?Becauseyoucanmanipulatethetrendandseewhatyouwanttobelievein.Youmightbewondering:“Howdoyoumanipulateatrend?”Theansweris……Timeframe.Atrendismeaninglesswithoutknowingyourtimeframe.Here’sthething:Youcanhavetwotraderslookingatthesamemarketandonesaysit’sanuptrend,andtheother,adowntre