Perfect Trendline Indicator for MT5 Download - Free - [Trading Finder]

The Perfect Trendline Indicator is a tool for analyzing trend direction changes and detecting entry and exit points.

This levels indicator, which is available on the MT5 platform, uses two moving average lines, fast and slow, to determine the price direction and use the intersection of these lines as signals for entering trades.

The Perfect Trendline Indicator marks bullish candles with green histograms and bearish candles with red histograms.

Perfect Trendline Indicator Table

The table below contains the important specifications of the Perfect Trendline Indicator:

Indicator at a Glance

Colored dots around the price represent the intersection of the fast moving average with the slow moving average. These dots can be considered as signals for entering and exiting trades. Another sign of a stable trend is the oscillation position of the green line relative to the red line.

Bullish Trend Conditions

The 1-hour NZD/USD currency pair chart demonstrates how the Perfect Trendline Indicator functions in a bullish trend.

The green line crosses above the red line (the green dot indicates the intersection of the two lines) and continues oscillating above the red line.

In a bullish trend, this indicator marks candles with green histograms.

Bearish Trend Conditions

The red dot in the BTC 15-minute chart signals the intersection of the fast and slow-moving averages.

In a bearish trend, the green line (fast moving average) oscillates below the red line, and the indicator marks bearish candles with red histograms.

Indicator Settings

The image below shows the settings box for the Perfect Trendline Indicator in the MetaTrader 5 platform:

• 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 uses two moving averages, fast and slow (with periods of 3 and 7), to help identify the trend direction. It displays the intersection of MA lines and marks candles.

This trading tool displays accurate price trends and generates entry and exit signals using colored dots for trading decisions.