#MT TrendLine is a forex indicator based on Hi-Lo.How it works is similar to a semaphore indicator.
The price will be considered bullish when an asterisk appears under the candle.
And the price will be considered bearish when an asterisk appears on the candle.
This indicator has a trend line which helps to show the direction of the trend.
Default setting:
High_period = 70
Low_period = 21
Trigger_Sens = 2
ForecastHighTrendLine = true
StayLinesAfterDelete = false
DrawHighPivotSemafor = true
DrawLowPivotSemafor = true
DrawLowestPivotSemafor = false
HTL_Draw = false
HTL_ResColor = Crimson
HTL_SupColor = Blue
HTL_Style = 0
HTL_Width = 2
HTL_Ext = 1.5
HTL_InMemory = 30
HTL_MinPivotDifferentIgnore = 5
LTL_Draw = false
LTL_ResColor = FireBrick
LTL_SupColor = Blue
LTL_Style = 1
LTL_Width = 1
LTL_Ext = 1.5
LTL_InMemory = 30
LTL_MinPivotDifferentIgnore = 4
HighPivotTextAlarm = false
HighPivotSoundAlarm = alert.wav
HighPivotSemaforDrawOffset = 10
HighSemaforSymbol = 82
LowPivotTextAlarm = false
LowPivotSoundAlarm = news.wav
LowPivotSemaforDrawOffset = 10
LowSemaforSymbol = 169
LowestSemaforSymbol = 115
FTL_Color = Magenta
FTL_Style = 1
FTL_Width = 5
FTL_Ext = 1.05
Here is the picture:
Get this indicator:
#MT TrendLine Indicator
Platform:
MT4