Perfect Trendline Indicator for MT4 Download - Free - [Trading Finder]

The Perfect Trendline indicator displays the trend's direction using two moving average lines (MA) with periods of 3 and 7.

When the red line (fast moving average) is above the green line (slow moving average), the trend is considered bullish, and candles are marked with green histograms.

Conversely, the red line below thegreen line indicates a bearish trend and red histograms are formed.

Perfect Trendline Indicator Table

The table below shows the specifications and features of the indicator:

Bullish Trend Conditions

As shown in the example below, a green dot appears after the red line breaks the green line, indicating a potential trend reversal.

Following this, the fast moving average (green line) moves above the slow moving average (red line), and the consecutive green histograms form, indicating the trend is bullish.

Bearish Trend Conditions

According to the 1-hour chart of the AUD/USD currency pair, the appearance of a red dot indicates the intersection of the moving averages and the trend reversal.

Additionally, the fast moving average (red line) movement below the green line and the marking of candles with red histograms indicate a bearish trend.

Indicator Settings

The settings for the Perfect Trendline indicator are as shown in the image below:

• Chart Theme: Indicator theme
• Time Frame: Time frame setting
• Slow Period: Slow moving average period 7
• Slow Displace: Slow moving average displacement 0.0
• Fast Period: Fast moving average period 3
• Fast Displace: Fast moving average displacement 0.0

Conclusion

The Perfect Trendline indicator is a tool for identifying trend reversal points and the main price movement in MetaTrader 4.

This indicator uses fast and slow moving averages to define the main trend fluctuations. Additionally, this indicator's candle marking with histograms and displaying the intersection of moving average lines are other features.