Auto Trend Lines Channels Indicator

📌 Auto Trend Lines Channels Indicator for MT4
✔ Automatically detects market peaks and bottoms and draws trend lines.
✔ Creates auto price channels for trend trading and breakout setups.
✔ Ideal for beginners and professional traders to save time and improve accuracy.

📌 Overview

The Auto Trend Lines Channels Indicator is a powerful MT4 tool that automatically draws major and minor trend lines on your chart by scanning market swing highs and lows. It helps traders spot trend directions, breakout opportunities, and dynamic support/resistance levels without manual drawing.

⭐ Key Features

📈 Automatic Trendline Detection:
• Scans all swing highs & lows and plots trend lines automatically.
🔍 Major & Minor Trend Lines:
Bold Lines → Major trend lines for long-term setups
Dotted Lines → Minor trend lines for short-term reversals
📊 Creates Auto Price Channels:
• Helps identify buy setups at channel support and sell setups at channel resistance.
💡 Saves Time:
• Ideal for multi-chart analysis and quick decision-making.
⚡ Works on All Timeframes & Pairs:
• From scalping to swing trading strategies.

📌 How It Works

✔ Connects market highs and lows automatically.
✔ Plots major (bold) and minor (dotted) trend lines.
✔ Forms price channels for easy trend & breakout identification.
Buy Signal: Price rebounds from trendline support.
Sell Signal: Price rejects trendline resistance.

👨‍💻 Who Should Use It?

Beginner Traders: Struggle with manual trendline drawing.
Professional Traders: Need faster analysis for multiple charts.

🔥 Pro Tips

✔ Combine Auto Trend Lines with Price Action Patterns (Pin Bar, Inside Bar, Breakouts) for higher accuracy.
✔ Use along with moving averages for additional trend confirmation.

Input Settings & Controls

📌 ZigZag Settings

ExDepth – Controls how deep the indicator should look for market swings. A higher depth means fewer but stronger signals.
ExDeviation – Sets the minimum price deviation required to form a new ZigZag point. Helps to filter out small price movements.
ExBackstep – Defines the minimum number of bars between two ZigZag points. Prevents false swings.
ExtMaxBar – The maximum number of historical bars the indicator will calculate for drawing ZigZag lines.


📌 Timeframe Settings

GrossPeriod – Allows the indicator to calculate signals from multiple timeframes (e.g., M1, M5, H1). Useful for multi-timeframe analysis.


📌 ZigZag Visualization

zzVisible – Controls the visibility of ZigZag lines on the chart.
zzColor – Specifies the colors for different ZigZag lines (major or minor).


📌 Fibonacci Fan Settings

fibofan – Enables Fibonacci fan drawing based on ZigZag points.
fanVisible – Controls whether the Fibonacci fan lines are visible on the chart.
fanStyle – Defines the line style for the fan (solid, dashed, dotted).
fanWidth – Sets the thickness of the fan lines.
FiboFreeFan – Determines the Fibonacci fan levels (e.g., 38.2%, 61.8%, 78.6%).


📌 Fibonacci Channel Settings

fiboChannel – Enables Fibonacci channels for trend analysis.
ChannelVisible – Turns channel lines on or off.
ChannelWhich – Defines which channels will be displayed (major or minor).
ChannelStyleLevel – Sets the style for different channel levels (solid or dashed).
ChannelWidthLevel – Specifies the thickness for channel levels.
FiboFreeChannel – Custom Fibonacci channel levels for advanced traders.


📌 Additional Settings

ExtProcedureDfPayments – Internal calculation parameter related to indicator logic (do not change unless necessary).
showZigZag – Toggles the ZigZag structure visibility on the chart.
ExtReCalculate – Forces recalculation of the indicator if settings are changed.
ExtComplect – Used for saving or loading indicator templates.

Devices Supported

Device Type Operating System Compatibility with TradingView
💻 Windows Laptop/Desktop Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 ✅ Fully supported via app
🍏 MacBook / iMac macOS 10.15+ ✅ Fully supported via app
📱 Android / Mobile Android OS ❌ Not supported

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⚠️ Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.

✅ Always remember🧠 my 3R Rule💡: If the money💰 is yours then, risk⚖️, reward🏆 and regret😔 are solely yours. 🔥

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