The Advanced Trend Lines Forex indicator for Metatrader 4 draws trend lines on the chart that can help you make your trading more profitable.
The indicator works on pure price action!
Just load the indicator on the chart and the trend lines will appear instantly.
Key Points:
- A break of the resistance trend line might signal a buy trade opportunity.
- A break of the support trend line might signal a sell trade opportunity.
You can combine this indicator with candlestick patterns for better trade entry.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “advanced-trendlines.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it (example) ?
Open a long position as soon as price closes above the resistance trend line and the overall trend is upwards.
Open a short position as soon as price closes below the support trend line and the overall trend is downwards.
Close the trade near significant support and resistance levels or for a fixed take profit target of your preference.
Feel free to use your own favorite trading method to open and close trades with the Advanced Trend Lines Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: T period, T limit, auto adjust, horizontal lines, resistance, support, alerts, color settings & style
Indicator type: Price action
Repaint? Does not repaint the advanced trend lines.
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Download the “advanced-trendlines.ex4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The Advanced Trend Lines indicator for MT4 can be utilized as a standalone signals indicator.
It also works when combined with other technical indicators or with candlestick price patterns.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the advanced-trendlines.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.