The Auto Trendlines Indicator MT4 is a trend indicator for MetaTrader 4 and is designed to draw trendlines directly on the main chart. This indicator identifies and plots trendlines, based on M15, H1, and H4 timeframes. When new price extremes form, the trend lines adjust their slopes accordingly. Trendlines are fundamental in classical technical analysis and are widely used by nearly every trader. Trendlines are essential for identifying key support and resistance levels, spotting breakout opportunities, and confirming trend reversals. As a result, they are invaluable tools for implementing various trading strategies, including trend-following, breakout trading, and reversal trading.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, providing automatically generated trendlines.
Indicator Settings
How to Install Auto Trendlines Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
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