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.
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
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.