Forex Indicators

How to build trend lines automatically?

Every experienced trader knows that in forex trading you should pay attention to the trend line.But the construction of trend lines takes time, and yet they still on the charts, and there are several ... Horror !!!Want to learn how you can quickly and easily automate this process?Then read on.

decision is - a smart and reliable indicator of trend lines True Trendline .All you have to do is attach the indicator to the chart, and it will draw all the possible trend lines for you.You just have to admire the result (as shown below) and apply it to your trading strategy.

Now you may ask yourself, "Why do I need an indicator of trend lines, if I am able to build their own" answer:

  • indicator saves your time
  • he does not get tired, he did not "zamylivaetsya"
  • eyesindicator may beep when touched, or the breakdown of the trend line

Installing and configuring indicator True trendline

1. Download the archive via the link at the end.Unpack it.

2. Install the files in Metatrader 4 terminal, follow

ing special instructions.

3. Attach TrueTL indicator to any chart (optional) and it will start working.

4. You can also use an additional indicator (available on the installation archive) TrueTL Alert , which is designed to output signals in case of breakdown / price touched the trend line.Depending on how you configure it.

In our display True Trendline there are a number of settings that affect its performance:

Auto_Refresh - automatically update the trend lines when changing a symbol, timeframe and the closing of the current candle.

Normal_TL_Period - over the last how many bars to look for the main line timeframe.

Three_Touch - On / Off selection different color trend lines with 3 points of support.

M1 / ​​M5_Fast_Analysis - the ability to accelerate the analysis of the M1 / ​​M5 timeframe for the owners of slower computers.

Mark_Highest_and_Lowest_TL - on \ off bold dash of the uppermost and lowermost TL.

The other parameters are responsible for the color lines.

Setting tally lamp True_TL_Alert

Break_Alert_After_Close - on / off signal to the breakdown of the trend line only after the close of the candle.

Break_Alert_Before_Close - on / off signal to the breakdown of the trend line, without waiting for the close of the candle.

Touch_Alert - on / off signal of the touch trend line

Touch_Distance - min.distance to the TL in points to trigger Touch_Alert function.

All_TrendLine_Alert - on / off tracking all TL on the chart.

High_TL_Name / Low_TL_Name - if disabled All_TrendLine_Alert, in these parameters must specify the name of the upper and lower trend lines to signal indicator took them into account.

Email_Alert - on / off signal to the e-mail

PopUp_Alert - on / off pop-up window when the signal

Sound_Alert - on / off sound when the signal

Sound_File - any audio fileplay (must be in the Sounds folder in the terminal)

Download indicator trendlines True Trendline

dovnload - BLK - Green