Follow the instructions below to install the indicator to your mt4 terminal download the zip-archive with autotrendlines indicator file by clicking the link at the top of the page unzip the file into the mql4indicators folder of your terminal restart the mt4 terminal run the indicator by double clicking the indicator name in the mt4.
dealing with invalid price, requote, server busy in mt4 3 replies. Draw line, count how many time price touches the line 4 replies. Draw line with predetermined pip distance from the origin line 5 replies.
A trendline is a supportresistance pass-through where price changes within the range of the pass-through. To draw a trendline, one should select this object and then click with the left mouse button in the chart. After that holding the mouse button one should draw a line in the necessary direction.
The first trendline starts at the selected leftmost point (it is an important peak or trough) and is drawn precisely between two rightmost points. Then, the second and the third trendlines outgoing from the above-mentioned rightmost points (significant peak and trough) are drawn in parallel to the first trendline.
to draw a trendline by angle, one should select this object and then click with the left mouse button in the chart to choose the initial point of the line. After that holding the mouse button one should draw a line in the necessary direction. Additional parameters will be shown near the end point distance from the initial point along the time axis, distance from the initial point along the.
from the mt4 drawing tool, there is only line drawing without arrow. Is there an add-on tool that can provide such drawing tool? See my picture (the arrow is drawn manually). Alternative, is it possible to add this feature into the new release as it should be relatively simple to add this feature into the existing trend line drawing source code.
the following angle calculation and construction options are provided in the metatrader 4 terminal.
the trend lines indicator applies a mechanical approach to the construction of trend lines for you! Itll draw up to 18 trendlines automatically and save you a ton of drawing time.
Vertical line can be used to mark various borders in the time axis and to compare signals of indicators to price changes. Two points must be set through which a trendline will be drawn.
From the next to last bar go to the left and search for the first (right) point-extremum from inprightexmside bars on the either side. From the first point again go to the left and search for the second (left) point-extremum from inpleftexmside bars on the either side.
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