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WATL Trend Lines Metatrader 4 Indicator

The WATL Trend Lines indicator for MT4 draws up-and downward sloping trend lines for you on autopilot, regardless of what time frame or currency pair you trade.

The indicator can give you a tremendous trading advantage.

General Assumptions

In up trending markets – Look for downward sloping trend lines to be broken from below. Price must close above the trend line.
In down trending markets – Look for upward sloping trend lines to be broken from above. Price must close below the trend line.

Download

Download the WATL.mq4 indicator.

Configurable Indicator Options

High_period, Low_period, Trigger_Sens, ForexcastHighTrendline,…

EUR/USD 1 Hour Chart Example

autotrendlines01

How to install the WATL Trend Lines custom indicator in Metatrader 4?

  • Download the WATL.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.