The Trend Lines LNX MT4 forex indicator automatically draws the most significant trend lines on the trading chart for the following timeframes: 15-minute, hourly, 4-hour, day and week.
The LNX indicator uses different colors for each trend line depending on the timeframe, for example, the 15-minute trend lines are blue colored and the hourly trend lines red colored.
The basic concept of trading trend lines is not difficult to understand:
- Buy above the resistance trend line (works best in up trending markets)
- Sell below the support trend line (works best in down trending markets)
Tip: Trend lines found on the higher timeframe’s carries more weight than trend lines found on the lower trend lines.
You can change all default trend line colors directly from the indicator’s input menu.
Free Download
Download the “trendlines-lnx-indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the Trend Lines LNX forex indicator in action.
Basic Trading Signals
Signals from the Trend Lines LNX forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade when price closes above the upper LNX resistance trend line.
Sell Signal: Open sell trade when price closes below the lower LNX support trend line.
Trade Exit: Use your own method of take profit (TP).
MT4 Strategy: TrendLines LNX + SMA Crossover Signal Method
This MT4 strategy combines the TrendLines LNX Indicator and the SMA Crossover Signal Indicator to capture trend continuation moves on lower and medium time frames.
The TrendLines LNX plots dynamic support and resistance lines and signals a buy when price closes above the upper resistance line or a sell when it closes below the lower support line.
The SMA Crossover Signal confirms the trend direction with green arrows for bullish momentum and red arrows for bearish momentum.
This method works well on M5, M15, and H1 charts and is suitable for traders who want precise entries during active market sessions.
By combining the structural break of TrendLines LNX with SMA momentum confirmation, traders avoid false breakouts and enter trades with higher probability setups.
The strategy focuses on following confirmed trend breaks aligned with momentum, making it effective for both scalping and short term swing trades.
It simplifies entry rules while maintaining strong risk management through clear stop loss and take profit placement.
Buy Entry Rules
- Price closes above the upper resistance trend line of TrendLines LNX.
- A green arrow appears from the SMA Crossover Signal Indicator.
- No major resistance zone is immediately ahead.
- Place a stop loss below the broken trend line or the nearest swing low.
- Take profit at the next resistance area or a fixed 10 to 25 pip target depending on volatility.
Sell Entry Rules
- Price closes below the lower support trend line of TrendLines LNX.
- A red arrow appears from the SMA Crossover Signal Indicator.
- No strong support level is immediately ahead.
- Place a stop loss above the broken trend line or the nearest swing high.
- Take profit at the next support area or a fixed 10 to 25 pip target.
Advantages
- Breakout structure is confirmed by candle closes, reducing false signals.
- SMA Crossover Signal adds trend confirmation to avoid counter trend entries.
- Works well on many pairs and multiple time frames.
- Simple trading rules make it easy to follow for beginners.
- Clear stop loss and take profit zones improve risk management.
Drawbacks
- False breakouts can occur during low liquidity or high volatility spikes.
- Trend shifts may lag slightly on very fast pairs.
- Requires patience to wait for both trend line break and arrow confirmation.
Case Study 1: EURAUD M5
During the London session, EURAUD formed a rising resistance line.
Price closed above the upper TrendLines LNX line and shortly after, a green arrow appeared from the SMA Crossover Signal.
A buy trade was taken with a stop below the broken trend line.
Price continued upward and reached the next intraday resistance, producing a gain of 15 pips.
The combination of trend break and momentum confirmation created a high probability trade.
Case Study 2: NZDCAD M15
NZDCAD was trading along a descending support trend line during the early New York session.
Price closed below the lower TrendLines LNX line and a red arrow appeared from the SMA Crossover Signal shortly after.
A sell trade was executed with a stop above the broken trend line.
The pair moved lower to the next support level for a profit of 20 pips.
Strategy Tips
- Only take trades after a full candle closes beyond the trend line to confirm the breakout.
- Use SMA Crossover arrows as confirmation to filter weak or fake breakouts.
- Focus on London and New York sessions for the most active and reliable moves.
- Avoid trading into strong support or resistance zones without sufficient room for movement.
- Check volatility and spread before entering lower time frame trades to avoid slippage.
- Adjust take profit targets slightly for highly volatile pairs to capture more of the move safely.
Download Now
Download the “trendlines-lnx-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (W1 Resistance, W1 Support, D1 Resistance, D1 Support, H4 Resistance, H4 Support, H1 Resistance, H1 Support, M15 Resistance, M15 Support) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend Line
