Auto TrendLines Indicator for MT5 Download – Free – [TradingFinder]

The Auto TrendLines Indicator automatically plots ascending and descending trendlines on the chart, eliminating the need for manual intervention.

This tool accurately analyzes price highs and lows, drawing organized and practical lines that clearly display the overall market direction.

Specifications Table of Auto TrendLines Indicator

The specifications of the Auto TrendLines Indicator are presented in the table below:

Auto TrendLines Indicator at a Glance

The Auto TrendLines Indicator marks ascending support lines in blue and descending resistance lines in red on the chart.

Furthermore, whenever any of these lines are broken by price action, the indicator issues buy or sell signals depending on the trend direction.

Buy Signal

Based on the EUR/JPY chart in the 1-hour timeframe, the price has successfully broken the descending trendline.

The indicator detected this breakout and issued a buy alert by displaying a blue arrow.

Sell Signal

According to the XAU/USD (Gold vs. US Dollar) chart in the 5-minute timeframe, the ascending trendline (support) has been broken.

Immediately after this breakout, the indicator issued a sell alert by displaying a red arrow.

Auto TrendLines Indicator Settings

The settings of the Auto TrendLines Indicator are as follows:

• PivotPeriod: Period number for pivot point detection
• Lines: Number of trendlines to display
• ShiftLastPivot: Shift of the last pivot on chart
• HistoryLimit: Limit of past candlesticks analyzed
• ExtendLines: Extension of trendlines across chart
• ShowArrows: Display of arrows on pivot points
• UpTrendColor: Color of ascending trendlines
• DownTrendColor: Color of descending trendlines
• TrendlineWidth: Thickness of trendlines
• ShowAlerts: Display of alerts on chart
• EmailAlert: Alert sent to email
• NOTIFICATION: Notification sent to device or platform
• MESSAGE_TIMEOUT: Duration of alert message display
• MESSAGE_SUBJECT: Title of alert or notification message

Conclusion

The Auto TrendLines Indicator, based on pivot points, automatically draws ascending and descending trendlines on the chart.

With precise detection of support and resistance levels, this indicator facilitates the identification of key price reaction zones. Whenever the price breaks these lines, it issues buy or sell signals.