Trendlinesday Indicator

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    almotaz
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    The Trend Lines Day forex indicator for Metatrader 4 is a great price action based trend line breakout indicator.

    This indicator draws only two trend lines on the chart, one trend line to buy above and one to sell below.

    Preferred Time Frame: 1-Day

    Currency Pairs: Any pair

     

    How to trade using trend line

    For buy trades: wait until price breaks and closes above the resistance trend line. This is the signal to go long.

    For sell trades: wait until price breaks and closes below the support trend line. This is the signal to go short.

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