Forex Trend Line Channel MT4 Indicator:
About the Forex Trend Line Channel MT4 Indicator
This indicators automatically draws the Trend Channels for you once you’ve dropped it on a chart.
It automates the repetitive process of drawing these levels.
It reduces the hustle of drawing and redrawing these levels every time you analysis prices on a chart. With it, all you have to do is dropped it on a chart, adjust the settings to your liking and let the indicator do the rest.
But wait, it gets better; the indicator is absolutely free!
1) Which trend do you want to see ? Short_Term Trend or Long_Term Trend.
Note: Short term trend is meant for H1 timeframe and Long term trend is for D1 timeframe.
2) Color of trend lines.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)