horizontal trend lines
Info
The horizontal trend lines is a Indicator for MetaTrader 5 that the indicator brings the specified (by colour and style) "trend line" objects to horizontal by changing the price coordinate of the second reference point of the trend line (by default this point is located on the right side of the chart).
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use horizontal trend lines
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
the indicator brings the specified (by colour and style) "trend line" objects to horizontal by changing the price coordinate of the second reference point of the trend line (by default this point is located on the right side of the chart).
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Global Macro Trend Agreement Indicator - another powerful indicator for MetaTrader 5 traders.
the indicator brings the specified (by colour and style) "trend line" objects to horizontal by changing the price coordinate of the second reference point of the trend line (by default this point is located on the right side of the chart).
Also recommended: Mediana Trendline: MTF Parallel Channel Indicator - similar indicator with strong performance on MetaTrader 5.
Source Code
яю#property copyright "Scriptong"
#property link "https://robotfx.org"
#property strict
#property indicator_chart_window
input color i_clrForColor = clrNONE; // Lines color for correction
input ENUM_LINE_STYLE i_eForStyle = STYLE_SOLID; // Lines type for correction
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.