PZ Auto-TrendLines

Free MT4 Indicator

Description

The PZ Auto-TrendLines indicator applies a mechanical approach to the construction of trend lines and draws up to 18 trendlines automatically, which can be optionally based on fractals. Each trend line represents a breakout level, which should only be traded when the breakout bar has closed.

Bear in mind that all drawn trend lines are calculated in the current timeframe and are ment to be traded only once. Hence, a trend line which has been broken already should not be traded again in the future

How to trade
  • Go long when a bar closes above the upper red line and above the previous bar's high
  • Go short when a bar closes below the lower blue line and below the previous bar's low

For better performance, the entry strategy should be combined with the PZ Trend Following Suite, which can confirm the bullish or bearish short-term price movement. This way, you would be able to trade early trend changes or exhaustions safely and profitably

Features
  • Configurable backsteps
  • Configurable main trend line colors
  • Fractal mode can be enabled or disabled
Distribution and Installation

The binary is encrypted to prevent theft or fraud. Please read the installation file.

PZ Auto-TrendLines - Free MT4 Indicator
PZ Auto-TrendLines
PZ Auto-TrendLines - Free MT4 Indicator
PZ Auto-TrendLines
PZ Auto-TrendLines - Free MT4 Indicator
PZ Auto-TrendLines
PZ Auto-TrendLines - Free MT4 Indicator
PZ Auto-TrendLines
Customizations

Should you want a custom indicator or an expert advisor, feel free to ask for a price quote.

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