The Two Trend Lines indicator for Metatrader 5 is an amazing Forex scalper that delivers signals based on two trend lines.
The indicator paints two rows of buy and sell dots below the main chart.
The dot signals are based on the position of the trend lines.
A new buy or sell signal occurs when both dot colors match, it’s that simple.
- A bullish trend occurs when both dots are colored blue.
- A bearish trend occurs when both dots are colored red.
- A sideways trend occurs when the dot colors are mixed.
The indicator works best during the most volatile trading sessions and on the lower spread Forex pairs.
The following indicator inputs can be modified: input period.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
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Trend Two Lines.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Two Trend Lines Forex scalper indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Two Trend Lines Scalper Indicator?
Find a simple trading example below:
Buy Signal
- A bullish signal occurs when both dots are colored blue.
- Open a buy order and place a stop loss below immediate support.
- Close the buy trade for 10-15 pips profit.
Sell Signal
- A bearish signal occurs when both dots are colored red.
- Open a sell order and place a stop loss above immediate resistance.
- Close the sell trade for 10-15 pips profit.
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Trend Two Lines.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Trend Two Lines.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration