Instantaneous Trend Lines - Levels - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

There are many versions of instantaneous trend lines. How it is used varies from version to version, but some versions rely on the ITL slope of the signal. This generates too many signals

In this version we use automatic level adjustment for signal filtering. In this way it attempts to produce a clearer signal and reduce the number of signals produced

You can use color changes as signals to enter or exit. Additionally, it is recommended to conduct some experiments with horizontal cycles before using them for trading decisions

PS: There are two display modes. Default is like vamp. For a simple display (some people prefer this) you can also select this type of display in the parameters (no filled areas - the lines still change color)

Attachment download

📎 instantaneous_trendline_levels.mq5 (12.05 KB)

Source: MQL5 #22556