The Trend Line Constructor Forex indicator for Metatrader 4 draws all kinds 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.
Buy & Sell Trade Example
- 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 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.
