Automatic Trendline (Indicators MT5)
From the Old Kings archive: Automatic Trendline (Indicators MT5), an indicator for MetaTrader 5. Its name points to automatic trendlines. It has 8 settings, for example Line Type (default EXM_DELTA), Left Exm Side (default 10) and Right Exm Side (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq5) you can open and edit in MetaEditor and a PDF guide. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT5 · v1.0 · Free
About Automatic Trendline (Indicators MT5)
Automatic Trendline (Indicators MT5) is an indicator for MetaTrader 5. It has 8 settings, such as Line type, Left exm side and Right exm side. MQL source code included.
Files in the download: Automatic trendline.mq5, Automatic Trendline (instructions).pdf, Installation Tutorial (MT4 - MT5) .pdf, Como Instalar indicatores no MetaTrader .pdf, linha de tendência automática (instruções).pdf, Cómo instalar indicadores en MetaTrader.pdf, indicador automático MT5 de la línea de tendencia (instrucciones) .pdf.
Settings
| Setting | Default | What it does |
|---|---|---|
| Line type | EXM_DELTA | Line type |
| Left exm side | 10 | Left extremum side (Type 1, 2) |
| Right exm side | 3 | Right extremum side (Type 1) |
| From current | 3 | Offset from the current bar (Type 2) |
| Prev exm bar | false | Account for the bar before the extremum (Type 2) |
| Lines width | 2 | lines width |
| Sup color | clrRed | Support line color |
| Res color | clrBlue | Resistance line color |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Trend · MT5 Indicator · MQL5 Source Code