The Trend Line Constructor Forex indicator for Metatrader 4 draws all kind of interesting trend lines on the chart based on the famous Zig Zag indicator.
The indicator works on pure price action and can help you to become more profitable in multiple ways!
Just load the indicator and the trend lines will appear instantly on the main MT4 chart window.
Trade idea:
- Buy a price break above the blue colored trend line.
- Sell a price break below the blue colored trend line.
You can combine this indicator with candlestick patterns for precise trade entry.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “Konstruktor.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Trend Line Constructor Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Filter zig zag, show primary level, color settings & style
Indicator type: Trend line
Repaint? Does not repaint the advanced trend lines.
Download Now
Download the “Konstruktor.mq4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Konstruktor.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.