trend on line mt4 indicator

Trend on line Metatrader Indicator

Trendline Indicator free download
Trendlines are one of hallmarks of technical analysis. This makes sense, given that technical analysis is built on the premise that prices trend. Well-known technician John Murphy wrote this about trendlines in his book “The Visual Investor”:



“The simple trend on line is possibly the most useful tool in the study of market trends. And you’ll be happy to know that they’re extremely easy to draw.”In this installment of Technically Speaking, we discuss the basics of trendl on ines and how you can use them
in your investing. A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend.
Below there is a list of the trenline indicators for Metatrader 4.

Breakout Trendline strategy inputs:

input parameters
Mod 02: only one step, no back steps, only one target, no fractal trendlines,
no large arrow option for TD points, and added user changable colours and styles
Mod 03: Alerts Added. Horizontal Lines indicating where projections start from and
where alerts should be determined from re-enabled with Default of False.
Mod 03B: Bug where TD Points and TD Lines drawn in wrong place for
double, triple and quadruple tops or bottoms is fixed

Breakout Trendline indicator download