Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal


Trigger Lines Small & Large - indicator for MetaTrader 4

William Kreider | English Español Português 日本語 Deutsch

votes: 7
2013.12.16 07:22
2016.11.22 07:32


The Author of this code is William Kreider (madhatt30) but the concept comes from the indicators on NinjaTrader. These "Triggerlines" were ported from the NinjaTrader code to work with MetaTrader

This indicator is designed to be used along side your existing strategy. The Triggerlines help to provide information on the direction of the market. For the most part The large Triggerlines could be interpreted as the bigger trend (or Higher Timeframe Trend) and the small Triggerlines could be interpreted as the smaller Trend (or Current Timeframe Trend).

Pullbacks into the triggers would indicate and good area to consider an entry.

The more price hangs around the Triggerlines or penetrated them the weaker they get and could indicate a change in direction, refer to small Triggerlines to fine tune the entry.

I have found other "Triggerlines" indicator out there but I have found them to be inaccurate. This will match up to the NinjaTrader if put side by side with the exception of broker price difference of course.

You can use these on any Standard Timeframe

Large and Small Triggerlines

Weekly Open Horizontal Line + Horizontal Target Lines Weekly Open Horizontal Line + Horizontal Target Lines

Draws a Weekly Open Horizontal Line and Horizontal Target Line above and below the Weekly Open Line.

OBJ_Label_Example OBJ_Label_Example

Example of working with OBJ_LABEL graphic object.

Alerts on New Bar Alerts on New Bar

Alerts on New Bar. Alert options - 1: Popup Alert, 2: Sound, 3: Email, 4: Push Notification for iOS and Android.

a_stops a_stops

Shows the distance to assumed stop with two lines located at a predetermined distance from the current price.