This indicator works for small time frames , and you can use trendlines with it to take the best siganls. A trendline is probably the most basic tool in the technical trader’s toolbox. Trendlines are a useful tool for visually highlighting a trend, and potentially being part of a trading strategy. They are easy to understand and can be used in combination with any other tools you might already be
using. By definition, a trendline is a line connecting two or more lows or two or more highs.
Drawing trendlines in MT4 is easy: simply click the Trendline tool icon to activate the tool and you can start drawing.
using. By definition, a trendline is a line connecting two or more lows or two or more highs.
Drawing trendlines in MT4 is easy: simply click the Trendline tool icon to activate the tool and you can start drawing.
By default, the Trendline will be an infinite line. If you’d like to change that, double click on your drawn trendline, right click on it and from the drop-down menu choose Trendline Properties. Switch to Parameters tab and uncheck Ray option. That way your Trendline will end at the cursor of your mouse when you draw it.