The "Perfect Trendline Indicator" is a popular automated price-action tool used in MetaTrader 4 (MT4) and MetaTrader 5 (MT5) that eliminates subjective drawing. It simplifies trend-following and breakout trading by mapping market structure, plotting trendlines, and generating clear visual signals.
Tips:
- only take signals when lines cross, not sufficient when they only touch.
- increase period lenghts for better results.
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