Perfect Trendline Indicator MT4
Perfect Trendline Indicator for MT4
The Perfect Trendline Indicator uses two moving averages (MA) with periods of 3 and 7 to display the trend's direction.
When the red line (fast moving average) is positioned above the green line (slow moving average), the trend is considered bullish, with candles marked with green histograms. Conversely, a bearish trend is indicated when the red line is below the green line, and red histograms appear.
«Indicator Installation & User Guide»
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Perfect Trendline Indicator Table
Here is the table below, rewritten to show the specifications and features of the indicator:
Category | Signal and Prediction - Trading Tool - Levels |
Platform | MetaTrader 4 |
Skill Level | Beginner |
Indicator Type | Reversal |
Time Frame | Multi Timeframe |
Trading Style | Scalping - Day Trading - Swing Trading |
Market | All Markets |
Indicator Overview
The Perfect Trendline Indicator uses colored dots at the intersections of the fast and slow moving averages. These intersection points signal trend changes and potential entry (buy) points.
Bullish Trend Conditions
In the example, a green dot appears when the red line crosses above the green line, signaling a potential trend reversal. The fast moving average (green line) then moves above the slow moving average (red line), and green histograms follow, indicating a bullish trend.
Bearish Trend Conditions
In the 1-hour chart of AUD/USD, the appearance of a red dot indicates the intersection of the moving averages, signaling a trend reversal.Additionally, the trend is bearish when the fast moving average (red line) falls below the green line, and candles are marked with red histograms.
Indicator Settings
Below are the settings for the Perfect Trendline Indicator:
● Chart Theme: Indicator theme;
● Time Frame: Time frame setting;
● Slow Period: Slow-moving average period 7;
● Slow Displace: Slow-moving average displacement 0.0;
● Fast Period: Fast moving average period 3;
● Fast Displace: Fast moving average displacement 0.0.
Conclusion
The Perfect Trendline Indicator is designed to identify trend reversal points and track primary price movements in MetaTrader 4. It defines major trend fluctuations by using fast and slow moving averages. Additionally, its candle marking with histograms and display of moving average line intersections further enhance its functionality.