Basic TrendLine MT5

This powerful tool automatically identifies trend lines, helping you streamline your trading strategy and make more informed decisions.

MT4 Version

Key Features

1. Automatic Trend Line Detection: The “Basic TrendLine” indicator scans the market for potential trend lines and displays them on your chart instantly. This saves you valuable time and ensures you never miss an important trend.

1. User-Friendly Panel: Our indicator comes with a beautiful, intuitive panel that allows you to easily draw a variety of trend lines. The panel is designed for traders of all experience levels, making it simple to add, edit, or remove trend lines with just a few clicks.
2. Save and Manage Your Favorite Trend Lines: Keep track of the trend lines that matter most to you. Our indicator allows you to save your preferred trend lines, ensuring they are always available whenever you revisit your charts.
3. Versatile Application: Whether you are trading forex, stocks, or cryptocurrencies, the “Basic TrendLine” indicator adapts to various markets, providing you with a reliable tool to enhance your trading strategy.

Inputs

• Number of Reactions: You can determine the number of times the price has reacted to the trend line.
• Reaction Strength: A higher number means that only stronger reactions are considered.
• Price Mode: Trend lines can be on High/Low prices or Close/Close.
• Max Length of Trend Line: With this entry, you can determine the maximum allowed length of trend lines. According to the number of Bars.
• Extend Bars: The number of Bars that the trend line will be extended in active extension mode.
• Maximum Deviation Mode: The maximum difference of the reaction points to the trend lines can be a fixed value or based on a coefficient of ATR