Market / MetaTrader 4 / Indicators /

Trend Line Channel

FREE

Published: 18 June 2020

Current version: 1.0

Trend Line Channel

3.85

Indicators
David Muriithi
Version: 1.0

This indicators automatically draws the Trend Channels for you once you've dropped it on a chart.

It reduces the hustle of drawing and redrawing these levels every time you analysis prices on a chart. With it, all you have to do is dropped it on a chart, adjust the settings to your liking and let the indicator do the rest.

Get an alternative version of this indicator here: https://youtu.be/lt7Wn_bfjPE

For more free stuff visit: https://abctrading.xyz

Parameters

1) Which trend do you want to see ? Short_Term Trend or Long_Term Trend.

Note: Short term trend is meant for H1 timeframe and Long term trend is for D1 timeframe.

2) Color of trend lines.

more...

104

51323997 2023.09.08 20:56 #

Helpful

159211

Franck Martin 2023.06.02 10:46 #

Excellent indicator, thank you. I use it to validate my signal strategy.

Salami Olafunmishe 2022.10.04 17:24 #

Simple and very useful

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Have you ever been in a winning trade and wanted to close say half of position to lock in some profit. Well, this expert advisor does just that for you, and it's absolutely free. What you need to do is set what percentage of your trade you'd like closed and then set the price you like to close at. It that simple. To get a better understanding of how it works, then watch the video below. Note: The EA only works with one timeframe, changing timeframes will result in lose of all data by the EA i

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The world of prop firm trading is one filled with tension and excitement in equal measure, and FTMO is definitely the most reputable firm out there. On one hand is the prospect of making huge sums of money and on the other, losing all the money you have invested. The easiest way of the latter scenario occurring is drawdown , and more often than not daily drawdown . It's what keeps us constantly checking our phones, the pain of every traders existence. What if there was a way of making

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The world of prop firm trading is one filled with tension and excitement in equal measure, and My Forex Funds is on the forefront of bring that world to regular traders. On one hand is the prospect of making huge sums of money and on the other, losing all the money you have invested. The easiest way of the latter scenario occurring is drawdown , and more often than not daily drawdown . It's what keeps us constantly checking our phones, the pain of every traders existence. What if there w

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For Meta Trader 4. We have all experienced a situation where the market wipes out our stoploss before it turning in the direction we had anticipated. This is experience becomes more frequent when we use a trailing stoploss. If only there was a way to place and trail the stoploss just the perfect amount of pips away. Well, there is... The Average True Range (ATR) is a one of the most popular technical analysis indicator, introduced by J.Welles Wilder, that measures Market Volatility for a give

30 USD

Every trading guru, every YouTube tutorial, every trading book and every experienced trader tells us to risk a certain predetermined percentage of our account on a trade. (This isn't gambling! They said). But what they don't tell us is the number of computations it takes to balance the calculations of lot size, percentage risk and risk reward ratio all while ensuring the stoploss is the right number of pips away. Enter The Forex Calculator. This Expert adviser is designed to make your trading s

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For Meta Trader 5. We have all experienced a situation where the market wipes out our stoploss before it turning in the direction we had anticipated. This experience is more frequent when you use a trailing stoploss. If only there was a way to place and trail the stoploss just the perfect amount of pips away. Well, there is... The Average True Range (ATR) is a one of the most popular technical analysis indicator, introduced by J.Welles Wilder, that measures Market Volatility for a given numbe

30 USD

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Erik Hartgers 2025.05.16 07:16 #

I immediately deleted / removed the indicator after installation as yet another "nice try but unreliable".

[Deleted] 2024.11.05 20:59 #