Trendline Metatrader Indicator

“The

simple trendline 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 trendlines 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

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