Forex Trend Line Channel MT4 Indicator

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!

Parameters

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. 

Test results:

Forex Trend Line Channel MT4 Indicator

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)

Other forex trading Expert Advisors

Leave a Comment