What is Perfect Trend Line?
Perfect Trend Line is an MT4 indicator that combines two trend lines and colored dots to show trend direction and entry or exit points. It also colors candles green or red so the direction can be checked directly on the chart.
How to use Perfect Trend Line
Green and red trend lines with colored dots appear when the green line crosses above the red line for a buy dot, or the red line crosses above the green line for a sell dot. Short timeframes may produce more false signals, so compare the display on longer charts such as daily or four-hour timeframes. Multi-timeframe use is also supported.
Where it helps
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| TimeFrame | Selects the chart timeframe; Current time frame uses the active chart timeframe. Default: Current time frame. |
| SlowLength | Sets the period for the slower trend line. Default: 7. |
| SlowPipDisplace | Shifts the slower trend line by the specified pip value. Default: 0.0. |
| FastLength | Sets the period for the faster trend line. Default: 3. |
| FastPipDisplace | Shifts the faster trend line by the specified pip value. Default: 0.0. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
