Trigger Lines Indicator for MetaTrader 4 Download – Free – [TFlab]

The Trigger Lines Indicator is used to identify entry and exit points in trending markets. This MetaTrader 4 signal and forecast indicator operates based on moving averages, utilizing fast and slow-moving averages to detect market trend direction.

Trigger Lines Indicator Overview

The table below summarizes the key features of the Trigger Signal Indicator:

Indicator in an Uptrend

The chart displays the CAD/CHF currency pair. When the slow-moving average (red) crosses above the fast-moving average, the fast-moving average turns blue, indicating the start of an uptrend.

If candles break through the trigger lines, the signal’s validity increases, enhancing the likelihood of trend continuation.

Indicator in a Downtrend

In the 4-hour global gold index chart, the market enters a downtrend following a strong bearish candle.

During this movement, the slow-moving average (red) crosses below the fast-moving average, causing the fast-moving average to change from blue to yellow, signaling the beginning of a bearish trend.

Trigger Lines Indicator Settings

The simple settings of the Trigger Moving Lines Indicator are shown in the image below:

• Period: Determines the period for trend index calculation
• LSMA Period: Defines the period for the Least Squares Moving Average (LSMA)

Conclusion

The Trigger Lines Indicator is a valuable tool for technical analysis. It combines slow and fast moving averages to accurately detect bullish and bearish trends.

This indicator visually represents price movement trends through color changes and effectively highlights entry and exit points.