True Trendline indicator for Metatrader 4 that draws all trendline automatically. It’s much better than other auto trendline solutions for MT4, because TrueTL counts the start points from the particular
timeframe’s historical data, and the trendline closing is dependent on the last visible pullback level. So our indicator is able to analyze the whole chart (including higher timeframes). That’s why our indicator (which exploits the trendline’s features) could be the best multi time frames indicator.
How worthiness could use True Trendlines Indicator?
Because it’s a normal device, not a “no name” indicator for MT4. Expert traders continue using it, in these times too.
Initially we made a trendline tracer script for ourselves in 2010. We’ve experienced wide interest in it, so we decided to produce this MT4 indicator with some additional metatrader indicators, and we keep on developing them, based on our customers’ requests and our very own tips.
12 ADDON INDICATORS of True Trendline Indicator (with MTF and alert ability):
Williams %R Trendline
NEW! OSMA Trendline
Williams %R Divergence
NEW! OSMA Divergence