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PerfectLine

5

When drawing a trend line or other objects, there is a natural deviation when you place the object from a higher time frame, and then go to watch it in a lower time frame.

PerfectLine is a technical indicator that solves this problem.

Once you touch a line after drawing it, Perfect Line will find the exact spot in the lower time frame available for it's position and then rectifies where it should be.

Perfect Line uses a five pixels pre-established tolerance, if a difference between the line's node and the Open, High, Low or Close of the closest candle is in this range, the adjustment will be done automatically for the right time in the lower possible time frame. If you want to increase or decrease this 5 pixels tolerance you can change it in the indicators properties.

If you want also that PerfectLine adjust the price to the closest value (Open, High, Low or Close) of the adjusted position, just set true the "Adjust Price" option.

If you want to see how it works watch the video.

Reviews 3
fxcommentary
1862
fxcommentary 2022.08.18 01:05 
 

Good tool! Thank you.

edit 04.09.2022: Very happy with tool.

edit 12.10.2022: I would not be able to work without this tool.

pandiras
139
pandiras 2020.07.22 19:05 
 

Awesome tool - that should definitely be standard mt4 stuff.

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The VR Alert indicator utility is designed to inform the trader when the price reaches the given level. The signal levels can be set not only horizontally but also inclined. Thus, the trader gets the opportunity to receive notifications from the inclined trend levels. Thanks to the VR Alert utility, you will no longer need to sit near the monitor for a long time. You can calmly do about your household chores, perform your work duties and spend time with your family. Your task is simply to set th
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Grid Manual MT4
Alfiya Fazylova
4.73 (15)
Grid Manual is a trading panel for working with grid strategies. The utility is universal, has flexible settings and an intuitive interface. It works with a grid of orders not only in the direction of averaging losses, but also in the direction of increasing profits. The trader does not need to create and maintain a grid of orders, the utility will do it. It is enough to open an order and the Grid manual will automatically create a grid of orders for it and will accompany it until the close. The
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Trade Dashboard MT4
Fatemeh Ameri
5 (11)
Trade Dashboard, is a trade manager tool that is designed according to the basic principle of risk management, which is the key element of successful trading, This dashboard, as a trade assistant tool, helps manual traders make better decisions in shorter time. You can manage your risk, set reward to risk ratio, set multiple partial TP/SL, choose different types of trilling stops, set risk free options, set alarms, set time for trades and doing all this using dashboard visualization tools. By pu
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Bar Replay MT4
Hoang The Manh
3.67 (3)
If you want to test before purchase, please use this link: DEMO version:   https://www.mql5.com/en/market/product/76917 __________________________________________________ This EA  - Tool allow you replay bar in Meta Trader 4 for back test. This Tool can back test in multi timeframe in only one chart. This Tool is very useful for Price action trader. It can work with Indicators. Main feature:  Candlestick forward and backward to Backtest the market Simulate order entry, measure RR, SL, TP Support
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Sergio D. Rocha
5 (1)
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Sergio D. Rocha
4 (1)
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Sergio D. Rocha
4 (1)
This is a very silly script but perhaps you find it useful. It deletes all objects from the chart. I recommend setting a hot key to call it just by pressing a couple of keys on your keyboard.  To avoid accidental deletion of object, the script will ask you to confirm the action as you won't be available to restore them with "undo" (Ctrl+Z).
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CorExTi is a tool that will save you literally hours in your daily routine to draw lines and other graphic elements in your charts.   With a temporary panel discreetly displayed on your screen at the touch of a graphic element as trendline:  Changes the object between 4 favorite line styles (with color, line thickness and style)  Cuts trendlines, when are extended, just at the point where you touch them Extends trendlines (active property of Ray) which are not extended  Or deactivates visualizat
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RotaGrafico
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The best way to monitor multiple pairs within little workspace. RotaGrafico sequentially displays up to 6 different pairs. It has buttons to set a pair more time for observation. Normal exposure time adjustable. Broad exposure time adjustable. Combine in a profile, Rotagrafico and use the rest of your workspace to the pair that you want to analyze in detail.
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BreakEven
Sergio D. Rocha
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Gann Line
Sergio D. Rocha
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The indicator that helps you by plotting a reference to easily determine if a scalping trade (or intraday trade) has chances to work out in your favor. One of the most common issues intraday traders have is the lost of reference to know if a movement is big or small due to the scaling of the chart. With this indicator, you have 3 visual aids on your chart that will help you: "Screener" : Please set the normal stop loss size that you usually apply in your strategy. This will plot a rectangle afte
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Moon Phase
Sergio D. Rocha
5 (1)
Gann and other analyst had found a curious correlations between moon phases and change in trends, this is an excellent indicator to test those relation and use what you find useful. It's very simplistic, can calculate the moon phases using the average moon cycle duration of 29 days 12 hours 44 minutes since the 1970 first full moon registered at January 22nd. You can also place a known full moon's date, to start the count since the daily opening of that date. In its window will plot a vertical l
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Boundaries
Sergio D. Rocha
This indicator plots a line that shows the high and low of a higher time frame than the one where you have actually in your chart. For example if you want to see the high and low of the day while you are in 1hour chart, set Boundaries to Daily. Boundaries have predefined Monthly, Weekly, Daily and Hourly time frames, but if you want to use a different timeframe, just choose the option Other_TF and write on the next field the minutes for your desired timeframe. As MT4 only works beyond M1 with 5,
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This indicator works exactly the same as the Boundaries indicator, but here as a free demo that only shows the high and low of the week. As the Boundaries indicator does, this indicator can work with any symbol. In the Colors tab you can set the color for the Upper and Lower boundaries. Please review the pics or watch the Boundaries indicator video to better understand how it works.
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AntiCursing
Sergio D. Rocha
Having a trade about to reach its take profit and suddenly see that it turns around to go strait ahead to your Stop Loss is one of the few things that makes me curse (a lot). This is why I created AntiCurse. Just add this Expert Advisor to an empty chart, set a "Trigger" and "Lock" in its properties and you'll have one less reason to curse! AntiCursing Settings: "Trigger" is set in percentage terms, it is the distance between the entry price and the Take Profit that needs to be covered in orde
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The Polarized Fractal Efficiency (PFE) was introduced by Hans Hannula in 1994. The indicator was intended to quantify the efficiency of price movement and  how trendy or choppy  the recent past price action has been. This is calculated by contrasting the price traveled in the window of study  against the total accumulation of movements during the same period of time. For example: If in 10 days, an active raised from 50 to 100, by increasing it's value 5 points or dollars each session, the effici
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CrossAlert
Sergio D. Rocha
Cross Alert is an all-in-one solution for oscillators' cross over and under. Cross Alert manages the levels for the cross under and cross over separately. Thanks to this you can use it to signal zero cross over (by fixing both levels, above to below, and below to above as zero) or over-bought and over-sold levels (like 70 and 30) as well.  With CrossAlert you can also avoid alerts from one kind of crosses (overs or unders), for example if you are in an uptrend perhaps you do not want to have ale
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AdvancedTradeLog
Sergio D. Rocha
5 (2)
AdvancedTradeLog is a system that allows you to keep visual register of what you had in your chart when you take a trade decision. Basically it takes screenshots of your chart each time you open, modify or close a trade. But not just that, AdvancedTradeLog gives you the ability to record the reasons of why you take those decisions. All who had been trading some time knows that keep a track-record of what you decide and why on the market, is a powerful tool to improve your performance. AdvancedTr
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fxcommentary
1862
fxcommentary 2022.08.18 01:05 
 

Good tool! Thank you.

edit 04.09.2022: Very happy with tool.

edit 12.10.2022: I would not be able to work without this tool.

pandiras
139
pandiras 2020.07.22 19:05 
 

Awesome tool - that should definitely be standard mt4 stuff.

Awrightus
71
Awrightus 2019.07.20 10:30 
 

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Version 2.11 2021.11.22
Recompiled with latest MT4 build, requested by mql5.com
Version 2.0 2014.07.28
- Added option to rectify the line since it's creation.
- Added option to remove the line from the upper time-frames (Automatic correction from line's creation is needed to this choice).
- Improved the search for the minimum time-frame where the node appears, making the search process independent for both nodes.
- Added a function to flatten trend lines draw as horizontal level as part of the rectification process.