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Home Collection Trend Perfect Trendline
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Perfect Trendline

Discover market trends with the Perfect Trendline MT5 indicator. Buy and sell signals, trend lines, and colored dots for easy decision-making—customizable settings for precise analysis.

Trading Style

Beginner

Indicator Type

Non-repaint

Timeframe

Multi Timeframe

Platform

MT5

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  • How to Install
Description

Features of the Perfect Trendline Indicator

The Perfect Trendline indicator is a straightforward MT5 indicator that shows a trend’s direction. It has two trend lines: a rapid line and a sluggish line. These lines give buy and sell signals.

On the chart, the Perfect Trend indicator shows dots and trend lines. These dots serve as possible entry and exit areas. The dots are colored either red or blue. A blue dot represents a buy signal, whereas a red dot signifies a sell signal.

The indicator colors the traditional candles blue and red. Red represents bearish momentum, while blue represents bullish momentum. The candles remain unaffected by the indicator when the market is neutral.

How the Indicator Can Benefit You

The Perfect Trendline indicator draws trend lines on the chart along with up and down dots. The indicator shows the overall direction of the market using dots. Trendlines and dots indicate bullish and bearish momentum for buy and sell signals. Forex traders should look for two signals before entering a long position: the appearance of a blue dot and the moment when the blue trendline crosses over the red one.

On the other hand, for sell entries, traders should look for a red dot. Additionally, wait for the red trend line to cross above the blue one. Moreover, the dots can give good exit signals. Therefore, traders should close short positions when the blue dot appears. On the other hand, long positions should be closed when a red dot shows up.

Indicator Setting Description

FastLength: The default value is 3. It is the period for the fast trendline.

SlowLength: The default value is 7. It is the period for the slow trendline.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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