MT4 Automatic Trendline Indicator Download – Free | Forex Indicator Download – MetaTrader 4 Resources – MetaTrader 4 Resources

The Auto Trendline indicator automatically draws dynamic ascending and descending trend lines on the chart. The tool examines highs and lows, generates precise lines, and shows the general direction of the trend.

Automatic Trendline Indicator Specification Sheet

The specifications of the automatic trendline indicator are as shown in the table below:

Automatic trendline indicator at a glance

The automatic trendline indicator draws an ascending trendline (support) in green and a descending trendline (resistance) in red.
Additionally, when the price retraces or breaks above these lines, the indicator issues a buy or sell signal depending on the direction of the trend.

Buy Signal

Looking at the daily chart of EUR/JPY, the downtrend line was broken by price. The indicator detects this breakout and issues a buy signal with a green arrow.

Sell ​​Signal

According to the Solana (SOL) 4-hour chart, the price successfully broke above the uptrend line (support).

As shown in the figure, the indicator immediately issued a sell signal after the uptrend line was broken, red arrow .

Automatic Trendline Indicator Settings

The adjustable settings of the Auto Trendline indicator are as follows:

• PivotPeriod: Number of periods for pivot point detection
• Lines: Number of trend lines to display
• ShiftLastPivot: The movement of the last pivot on the chart
• HistoryLimit: Analyze the limits of past candlesticks
• ExtendLines: The extension of trend lines in the chart
• ShowArrows: Show arrows on pivot points
• UpTrendColor: The color of the uptrend line
• DownTrendColor: The color of the downward trend line
• TrendlineWidth: The thickness of the trend line
• ShowAlerts: Show alerts on the chart
• EmailAlert: Alert sent to email
• NOTIFICATION: Notifications sent to the device or platform
• MESSAGE_TIMEOUT: Duration of alert message display
• MESSAGE_SUBJECT: Title of the alert or notification message

Conclusion

The Auto Trendline Indicator is a smart tool designed to automatically draw up and down trend lines based on pivot points.
This indicator simplifies the detection of key price reaction areas by accurately identifying support and resistance levels . Additionally, when price breaks or retraces to these lines, the indicator generates corresponding buy and sell signals.