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Trendline Indicator

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Marco Larcher
20
Marco Larcher  

Hello,

can you tell me which trendline indicator works with Meta Trader 4 ?

RainWood
24
RainWood  

Check out TrueTL (truetl.com). It draws trendlines automatically, however it's not free.

Nelpson Salvador
137
Nelpson Salvador  

Trendlines are so important in technical analysis. It lays the foundation for most analytic indicators. Operating on the basis of price props, it could be one of the best effective tool in market trends. Basically, trendlines are straight lines relating two or more price points. I would advise you try True TL or Trading Sim.Goodluck.

Paul75
1324
Paul75  

Agree with FX-sheriff, trend lines are good to prefer for analysis as it gives idea of exact position so that we can take good decision accordingly. In technical analysis I used to prefer price indicator.

martin eshleman
295
martin eshleman  

Here is an indicator that draws trend lines automatically using ZigZag high/low points.

karol vesely
370
karol vesely  

Enjoy TTL. AAAAAAAAAAAAAAAAAAAAAAAAAAABBBBBBBBBBBBBBBBBBCCCCCCCCC

Hermes

Files:
TrueTL.rar 196 kb
karol vesely
370
karol vesely  

It didn't want to post it if I don't put 20 letters hey you have it!

Hermes

andre aneyts
19
andre aneyts  

Automatic Trendlines indicator is also works with Meta Trader 4

pepe17
5
pepe17  

Hey man, let me to tell you something.

Trendlines are overrated.

The best ones to trade are usually MN and W1 and up to D1.

Trendlines are pretty and I have it as an important trading tool (I use it mainly to decide when not to trade), but are not the "ultimate" trading tool that was supposed to be...

The thing is that: Because trendlines are subjective levels, not every trader in the world know for sure the points of their actuation.

With Support and Resistance, Round Numbers and even Fibonacci Levels, however, the thing is different: for its horizontal nature, every trader in the world knows that if the high of yesterday for AUDUSD was 0.90, it's much more likely to be "respected" as an interest point than an intraday Trendline.

That said... let me answer your question:

The best way to make trendlines is the one you learn by your own experience. This is the real Ultimate Trendline Drawing Indicator.

So go to the charts and start drawing them today and you'll learn fast how it works for yourself.

karol vesely
370
karol vesely  

Do always your own trendlines it is so easy and accurate!

Hermes

Erik Dunn
14
Erik Dunn  

anyone with demark TL

12
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