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Indicators: MTrendLine alert

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MetaQuotes Software Corp.
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MetaQuotes Software Corp.  

MTrendLine alert:

It is a simple indicator that consists of four trend lines that show the distance between the trend line and the price via the numbers and that give the signals when the price goes for the specified number of points.

Author: Nikita

MQL4 Comments
16316
MQL4 Comments  

so for instance what is this trend line good for? I'm a newbie i must admit.

IF the trend line is going down and eventually hits the blue line, then what? Or if it's going up and hits the red line, then what? It will add a line permanently to your chart with a number?

MQL4 Comments
16316
MQL4 Comments  
DaRAGE:

so for instance what is this trend line good for? I'm a newbie i must admit.

IF the trend line is going down and eventually hits the blue line, then what? Or if it's going up and hits the red line, then what? It will add a line permanently to your chart with a number?

than you go 4 a beer

(it will tel you when)

2. permanently

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