The Forex Line Indicator MT4 is a trend indicator for MetaTrader 4 and is designed to indicate the general direction of a trend. A colored trendline on the main chart indicates the current market trend. The green line signals an uptrend, and the red indicates a downtrend. It is based on the Fast and Slow moving averages. The indicator is useful and straightforward, featuring additional sound and message alert options, making it an invaluable asset for traders aiming to identify market trends.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, to identify the general direction of a trend.
Indicator Settings
How to Install Forex Line 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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