How to set trendline?

<p id="isPasted">To draw a trendline on a trading chart, you need to first identify the trend (uptrend or downtrend) and then connect at least two swing points (highs or lows) with a straight line. The line should ideally touch as many price points as possible, either the wicks or bodies of the candlesticks, depending on which provides more contact points.&nbsp;</p><p>The Complete Guide to Trend Line Trading</p><p>Here's a more detailed breakdown:</p><p>1. Identify the Trend:&nbsp;</p><p>Uptrend: Characterized by a series of higher highs and higher lows.</p><p>Downtrend: Characterized by a series of lower highs and lower lows.</p><p>Sideways Trend: Prices moving relatively horizontally.</p><p>2. Identify Swing Points:&nbsp;</p><p>Swing High:</p><p>A price point where the price moves upward and then reverses to move downward.</p><p>Swing Low:</p><p>A price point where the price moves downward and then reverses to move upward.</p><p>3. Draw the Trendline:</p><p>Uptrend: Connect two or more swing lows with a line that slopes upwards.&nbsp;</p><p>Downtrend: Connect two or more swing highs with a line that slopes downwards.&nbsp;</p><p>Validation: Make sure the trendline intersects as many price points as possible (wicks or bodies).&nbsp;</p><p>4. Validate and Adjust:</p><p>Look at the bigger picture: Ensure the trendline aligns with the overall trend.&nbsp;</p><p>Adjust the line: If the trendline doesn't seem to fit, adjust it slightly to better represent the trend.&nbsp;</p><p>Use the right tool: Some platforms offer a "magnet" tool that snaps the trendline to the nearest price points.&nbsp;</p><p>Tips for Drawing Trendlines:</p><p>More is better: The more points a trendline touches, the more valid it is.&nbsp;</p><p>Consider wicks vs. bodies: Some traders prefer to draw trendlines using the wicks, while others prefer the bodies of the candles.&nbsp;</p><p>Don't force it: If a trendline doesn't fit naturally, it may not be a valid trendline.&nbsp;</p>

<p id="isPasted">To add a trendline, first, create a chart from your data in a spreadsheet program like Excel or Google Sheets. Then, select the chart and use the chart elements button (a plus sign in Excel) or the Customize menu (in Google Sheets) to add a trendline from the available options. You can then customize the trendline's type (linear, exponential, etc.), color, thickness, and other settings. &nbsp;</p><p>In Microsoft Excel</p><p>Select your chart: Click on the chart you want to add a trendline to.&nbsp;</p><p>Open Chart Elements: Click the + icon that appears next to your chart.&nbsp;</p><p>Add Trendline: Hover over "Trendline" and then click the arrow next to it to select the type of trendline you want, or simply click the checkbox to add the default trendline.&nbsp;</p><p>In Google Sheets&nbsp;</p><p>Select your chart: Double-click on the chart to open the options.</p><p>Go to Customize: On the right-hand side, click on the "Customize" tab.</p><p>Select Series: Expand the "Series" section.</p><p>Add Trendline: Under the "Trendline" section, choose your desired trendline type from the dropdown menu.</p><p>Customizing Your Trendline</p><p>Trendline Type: Select the type of trendline that best fits your data, such as linear, exponential, logarithmic, or polynomial.&nbsp;</p><p>Formatting: After adding the trendline, right-click on it and select "Format Trendline" (or similar) to change its color, thickness, transparency, or to add labels like the R-squared value.&nbsp;</p><p>Extend the Trendline: You can extend the trendline into the past or future to project data trends.&nbsp;</p>