MetaTrader 5 Automatic Trendline Indicator Download - Free | Forex Indicator Download - MT4/MT5 Resource

The Automatic Trend Line Indicator (ATL) is one of the Pivot Points and Fractal indicators in MetaTrader 5. Its design is based on pivot points and fractals and automatically connects two highs and two lows using ZigZag with default settings of 36 to draw three types of trend lines on the chart:

• Long-term trendline (orange)
• Medium-term trend line (green)
• short term trend line (gray)

This feature enables traders to identify market trends and perform more professional technical analysis.

Automatic trendline indicator table

The following table lists the key specifications of the Auto Trendline indicator :

Uptrend Trendline

In the 1-hour silver chart , the automatic trendline indicator successfully identified a price channel and displayed it as a trendline connecting highs and lows . This indicator is based on ZigZag , creates three different time frames and connects two pivot points to identify the trendline .

Traders can use this tool to identify bullish and bearish trends , allowing them to make more precise trading decisions on charts.

Downtrend Trendline

In the 30-minute EUR/USD chart , the Automatic Trend Line Indicator (ATL) successfully displays three different time frames . In this chart:

• The long-term trend is drawn as a bullish channel in orange
• The medium-term trendline are drawn in green , showing a bearish channel

By carefully analyzing these lines, traders can identify market trends and make more confident trading decisions.

Automatic Trendline Indicator Settings

Below are the detailed settings for the Auto Trendline indicator :

Long Term ZigZag Properties

• Show long-term ZigZag: Enable long-term ZigZag
• Pivot Period Long ZigZag: Long ZigZag Pivot Period
• Long term ZigZag style: Long term ZigZag type
• Long term ZigZag color: Long term ZigZag color
• Long-term ZigZag line width: Long-term ZigZag line width

Long term trend line properties

• Show long-term trendline: Enable long-term trendline
• Long-term trendline color: Long-term trendline color

Mid-term ZigZag line properties

• Show mid-term ZigZag: Enable mid-term ZigZag
• ZigZag mid-pivot period: ZigZag mid-pivot period Pivot period
• Mid-term ZigZag polyline style: Mid-term ZigZag adjustment line type
• Mid-term zigzag line color: Mid-term zigzag adjustment line color
• Mid-term ZigZag line width: Mid-term ZigZag line width

Mid-term trendline properties

• Show medium-term trendline: Enable medium-term trendline
• Medium-term trendline color: Medium-term trendline color

Short term ZigZag properties

• Show short-term ZigZag: Enable short-term ZigZag
• Pivot Period Short-term ZigZag: Short-term ZigZag Pivot Period
• Short term zigzag line style: short term zigzag adjustment line type
• Short term ZigZag color: Short term ZigZag color
• Short-Term ZigZag Width: Short-term ZigZag Width

Short term trend line properties

• Show short-term trend lines: Enable short-term trend lines
• Short-term trend line color: Short-term trend line color

Conclusion

The Automatic Trend Line Indicator (ATL) is one of the Bands and Channels indicator in MetaTrader 5. By plotting trendlines in three different time frames , it serves as a key tool for identifying support and resistance levels .

This indicator is an essential tool for traders looking to identify bullish and bearish trends in the market.