Trade Logic Trendline Pro Indicator (MT4)

• Version
• Download 49
• File Size 43.98 KB
• File Count 1
• Create Date March 17, 2022
• Last Updated August 11, 2023

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Trade Logic Trendline Pro Indicator (MT4)

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The Trendline Pro Indicator is developed for the Meta Trader 4 (MT4) Program. This indicator will display a colored moving trendline on the chart and does not re-paint. The Trendline Pro's algorithm is uniquely developed and formulated using the average true range (atr) and market highs and lows to produce a well defined indication of uptrends and downtrends in market price movement with advanced filtering according to market volatility.  The Trendline can also be used to used to confirm Support and Resistance areas when trading trend pullbacks. This indicator is extremely robust and can be used for taking trade entries on its own or combined with other trading strategies to act a as very reliable trend confirmation indicator. A definite 'Must Have' for every trader.

Trendline Speed

The Trendline Pro Indicator is optimized for 3 different speed options (Fast, Medium, Slow) to suit different price movements and trading preferences. Each speed option is fully optimized to its ideal settings and can be adjusted in the indicator 'inputs' panel. See diagram below.

Included Trendline Arrow Alerts and TP, SL levels

Also visit the Trade Logic Trendline Pro Arrow Alert Indicator page to also download and include the Trendline Arrow Alerts and TP, SL levels to your chart

Notes and recommendations: Avoid using during 15-20 minutes before and after high impact news. Should be used with a reliable strategy, proper market analysis and added confirmations to suggest high probability win trade. Take caution during NFP (Non-farm payroll) week, try to avoid trading during NFP week.

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