Auto Trend Lines Indicator for MetaTrader 5 Download - free - [TradingFinder]

The Auto Trend Lines Indicator (ATL) is one of the Pivot Point and Fractal indicators in MetaTrader 5. It is designed based on Pivot Points and Fractals and automatically connects two highs and two lows using ZigZag with default settings of 36 to draw three types of trendlines on the chart:

• Long-term trendline (orange)
• Medium-term trendline (green)
• Short-term trendline (gray)

This feature enables traders to identify market trends and conduct more professional technical analysis.

Auto Trend Lines Indicator Table

The table below presents the key specifications of the Auto Trend Lines Indicator:

Uptrend Trendline

In the 1-hour silver chart, the Auto Trend Lines Indicator successfully identifies a price channel and displays it as a trendline connecting highs and lows. This indicator, based on ZigZag, creates three different timeframes and connects two pivot points to identify the trendline.

Traders can use this tool to identify bullish and bearish trends, allowing them to make more precise trading decisions on the chart.

Downtrend Trendline

In the 30-minute EUR/USD chart, the Auto Trend Lines Indicator (ATL) successfully displays three different timeframes. In this chart:

• The long-term trend is drawn as a bullish channel in orange
• The medium-term trendlines are drawn in green, showing a bearish channel

By carefully analyzing these lines, traders can identify market trends and make more confident trading decisions.

Auto Trend Lines Indicator Settings

Below are the detailed settings for the Auto Trend Lines Indicator:

Long Term ZigZag Line Properties

• Show Long Term ZigZag Line: Enable long-term ZigZag line
• Pivot Period Long Term ZigZag Line: Long-term ZigZag pivot period
• Long Term ZigZag Line Style: Long-term ZigZag line type
• Long Term ZigZag Line Color: Long-term ZigZag line color
• Long Term ZigZag Line Width: Long-term ZigZag line width

Long Term Trend Line Properties

• Show Long Term Trend Line: Enable long-term trendline
• Long Term Trend Line Color: Long-term trendline color

Medium Term ZigZag Line Properties

• Show Medium Term ZigZag Line: Enable medium-term ZigZag line
• Pivot Period Medium Term ZigZag Line: Medium-term ZigZag pivot period
• Medium Term ZigZag Line Style: Medium-term ZigZag line type
• Medium Term ZigZag Line Color: Medium-term ZigZag line color
• Medium Term ZigZag Line Width: Medium-term ZigZag line width

Medium Term Trend Line Properties

• Show Medium Term Trend Line: Enable medium-term trendline
• Medium Term Trend Line Color: Medium-term trendline color

Short Term ZigZag Line Properties

• Show Short Term ZigZag Line: Enable short-term ZigZag line
• Pivot Period Short Term ZigZag Line: Short-term ZigZag pivot period
• Short Term ZigZag Line Style: Short-term ZigZag line type
• Short Term ZigZag Line Color: Short-term ZigZag line color
• Short Term ZigZag Line Width: Short-term ZigZag line width

Short Term Trend Line Properties

• Show Short Term Trend Line: Enable short-term trendline
• Short Term Trend Line Color: Short-term trendline color

Conclusion

The Auto Trend Lines Indicator (ATL) is one of the Bands & Channels indicators in MetaTrader 5. By drawing trendlines in three different timeframes, it serves as a key tool for identifying support and resistance levels.

 This indicator is an essential tool for traders looking to identify bullish and bearish trends in the market.