Smart Trendlines MT5
- Indicators
- Suvashish Halder
- Version: 1.0
- Activations: 10
Smart Trendlines – No.1 Trendlines Indicator
Smart Trendlines is a precision tool that automatically draws trendlines based on every valid pivot point, helping traders identify key support and resistance zones. It continuously adjusts as new market pivots form, providing a live and accurate reflection of price structure. Whether you’re tracking trends, preparing for reversals, or anticipating breakouts — this indicator keeps you one step ahead. It works seamlessly across all assets including Forex, Crypto, Indices, Commodities, and Stocks — and supports all timeframes.
MT4 Version - https://www.mql5.com/en/market/product/140688/
Join To Learn Market Depth - https://www.mql5.com/en/channels/suvashishfx
🔔 Smart Alerts – 3 Powerful Signals
Smart Trendlines comes equipped with three types of real-time alerts, giving you full market context:
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Bullish Reversal Alert – Triggered when price touches the lower trendline, indicating a possible bounce or reversal upward.
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Bearish Reversal Alert – Triggered when price touches the upper trendline, signaling a potential pullback or reversal downward.
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Breakout Alert – Triggered only when price closes at least 1/2 candle outside a trendline, confirming a true breakout beyond support or resistance.
🔍 Core Features
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Auto-Drawn Trendlines
Detects pivot highs and lows over a user-defined lookback period and automatically draws trendlines that evolve with price action. -
Dynamic Validation
Invalid trendlines are removed if they’re no longer respected by price or fall outside proximity thresholds, keeping your chart clean and accurate. -
Trend Filtering
Choose to display only rising lows (bullish trends) or falling highs (bearish trends) to focus on relevant trade setups. -
Custom Styling
Fully control the color, style (solid, dashed, dotted), and width of your trendlines. You can extend them forward, backward, or both based on your strategy. -
Chart Clarity
Outdated trendlines are automatically cleared when they fall outside the lookback window, so your workspace remains uncluttered and focused. - Multi-Timeframe Support
View and draw trendlines based on higher or lower timeframes, allowing you to analyze broader market structure or intraday trends without switching charts.
Delighted! A great indicator for trendline trading. I'm trying it out, so far so good! I did backtesting and hope to do the same now! Delighted, super good!