For active traders, this indicator will not produce enough signals often enough. Vertical Lines can be highly distracting. Can be visually confusing for newer traders. If you would like our "minimal" chart template with only Classic Divergences, please use our tweaked settings. Out of the List of Top Three "Auto" trend line drawing indicators for MT4 , this one stands out as it draws significant and strong trend lines, earlier than the others. It's lightweight and easy to use. It comes with Multi-timeframe mode.

It has Alerts. Out of the box, it draws both: Incomplete currently in play trendlines Completed finished or broken trendlines. This indicator not only doubles as an automatic trend lines drawing indicator but also a learning tool for novice traders who are practicing how to draw wedges, channels, triangles and major trend lines on their charts. Room for improvement: The indicator also comes with a "Zig-Zag" type of Dots display for swing entries and exits, which can be distracting.

You can turn them all off by choosing color as "none" inside the "Colors" tab of the indicator's Options. The Multi-timeframe mode will draw trend lines, but unfortunately they do not adjust higher timeframe trendlines to sit on top, or connect neatly to the lower timeframe's wicks or body. This will cause confusion for novices. We highly recommended skipping the use of MTF on this particular indicator. It can be a sensitive indicator if settings are played with. These are the default settings.

Not only is this an RSI but an RSI that combines a unique Heiken Ashi that's inside the indicator's subwindow, allowing the RSI to be functional for trend trading entries, scalping and counter-trend trading. It's a new concept and one that allows this RSI to be a real, swiss-army knife replacement indicator over all other "RSI" indicators. Candle Difference Indicator that displays the change in price as a percentage relative to the Open price of the current candle. Break-Even Master The Expert Advisor that moves the stop loss to breakeven after reaching certain profit.

Trailing Master The Expert Advisor that performs order trailing after reaching certain profit. Grid assistant The Expert Advisor is designed for placing managing grids. Pivot point The indicator displays the price pivot point. Limits Martin The Expert Advisor places pending limit orders at the specified distance from the price and trails them after the price with the specified step, applies martingale. Spread and time until the next candle This indicator displays the current spread of the instrument and the time left until the current bar closes.

StopAndTake When run on the price chart, the script modifies the stop loss or take profit of all open orders for the current instrument. OandaX OrderBook Chart The OandaX OrderBook Chart indicator is designed for displaying the history histogram of orders or positions history on the instrument with reference to the chart scale. Binary Option open trade The script is designed for opening trades on binary options via the MetaTrader 4 terminal, if your broker supports this feature. Modified assistant for selecting the manual strategy The indicator is designed for testing manual strategies and for practicing working according to the strategy.

It provides operation reports presented as a table, chart, and additionally saves templates with and without the markup. Fishing The Expert Advisor opens positions after the price passes the specified distance.

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