The Auto Trendline Indicator is a free and popular MT5 forex indicator that is useful for traders of all levels of experience. It automatically plots trendlines on a chart, making it easier to identify and follow trends. The indicator uses a combination of price action and various mathematical calculations to identify trendlines and then plots them on the chart. This makes it easier to see the overall trend of the market and helps traders make decisions based on the current market conditions. The indicator is easy to use and can be used in any time frame. It can be used to identify both short-term and long-term trends. It can also be used to identify support and resistance levels. This makes it an ideal tool for traders who want to take advantage of the market’s current trend. It is easy to use and customizable, making it a great tool for traders of all levels of experience.
MT5
Auto Trendline
The Auto Trendline Indicator is a popular and free Forex indicator for MT5 users. The indicator automatically draws trend lines on the chart according to the highest highs and lowest lows of the price action. With this indicator, traders can easily identify and take advantage of market trends.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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