Trend line scidavis
Double-click the chart you want to change. On your computer, open a spreadsheet in Google Sheets. This tool can also be used to illustrate trends on indicators. You can add data labels to a bar, column, scatter, area, line, waterfall, histograms, or pie chart. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. The more points there are to connect, the stronger a trend line becomes. Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. Once you’re finished, plug in the slope for m and the y-intercept for b. Plug in the slope and y-intercept into the slope-intercept formula to finish the equation.
![trend line scidavis trend line scidavis](https://www.clearpeaks.com/blogs/wp-content/uploads/2017/06/01-1.png)
As long as the price action stays under this line, we have a bearish trend. Since 3 is a positive number, subtract 3 from each side to isolate b. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the price action stays above this line, we have a bullish trend. Generally, SST is calculated by yi - and SSR is calculated by i-, but when intercept is 0, SST was just the sum of square of yi and SSR was just the sum of square i. I calculated SST, SSR, SSE by hands when forcing intercept to zero. Lines with a positive slope that support price action show that net-demand is increasing. Your answer is what I want to know exactly. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance.
![trend line scidavis trend line scidavis](https://3.bp.blogspot.com/-CUWnAJvr9eU/VABjFzR1lAI/AAAAAAAAAOI/hontL4Y5XCk/s1600/trend.png)
![trend line scidavis trend line scidavis](https://study.com/cimages/videopreview/fslz5gdtam.jpg)
Trend lines can be used to identify and confirm trends.