MT5 Automatic Trendline Indicator Download – Free | Forex Indicator Download – MetaTrader 5 Resources – MetaTrader 5 Resources

The Auto Trendline indicator automatically draws ascending and descending trend lines on the chart without manual intervention.

The tool accurately analyzes price highs and lows, drawing organized and practical lines to clearly show overall market direction.

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 marks rising support lines in blue and falling resistance lines in red on the chart.
Additionally, when the price retraces or breaks above these lines, the indicator provides buy or sell signals to the user based on the trend direction.

Buy Signal

According to the EUR/JPY 1-hour chart, the price has retraced to the uptrend line and touched it.
The indicator detects this price retracement and issues a buy alert by displaying a blue arrow on the chart.

Sell ​​Signal

Looking at the CHF/JPY 1 hour chart, the price has retraced to the downtrend line (resistance) and touched it.
Subsequently, the indicator immediately issued a sell alert by displaying a red arrow after the contact.

Automatic Trendline Indicator Settings

The settings for the automatic 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 automatically draws up and down trend lines on the chart using pivot points.
By accurately detecting support and resistance levels , this indicator simplifies the identification of key price reaction areas, providing corresponding buy or sell signals when price breaks or retraces towards these lines.