This trading indicator automatically draws support and resistance trend lines on the MT4 charts.
So, it will be very easy for forex traders to identify and trade any market breakouts.
Trading Signals
BUY: Buy if the currency pair breaks and closes above the upper trend line (resistance).
SELL: Sell if the currency pair breaks and closes below the lower trend line (support).
Download
Download the Automated Trend Lines V2.mq4 indicator.
GBP/USD 5 Min Chart Example
How to install the Automated Trend Lines V2 custom indicator in Metatrader 4?
- Download the Automated Trend Lines V2.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.