Trend Lines LNX for MT4 draws support and resistance trend lines on the 4 hour, 1 hour and 15 min MT4 charts.
The indicator can be applied to all currency pairs.
General Rules
In up trending markets, look for buying opportunities near rising support trend lines.
In down trending markets, look for selling opportunities near falling resistance trend lines.
Download
Download the Trend Lines Lnx.mq4 indicator.
USD/JPY 1 Hour Chart Example
How to install the Trend Lines Lnx custom indicator in Metatrader 4?
- Download the Trend Lines Lnx.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.