Indicator for automatic construction of trend lines based on the last two points on the chart

The indicator draws trend guide lines based on the last two points on the chart of any trading instrument.

After checking this indicator on the chart and comparing it with fractals, I was honestly shocked)) since I myself have been looking for such an automatic indicator for a long time. It very accurately (for an automatic Expert Advisor) itself correctly builds guide trend lines.

Why is it better to use trend guides exactly on the last two points?

Yes, because the market is constantly changing and for technical analysis, only the last 2 points can be taken into account. It is better to build them according to fractals, there are even many indicators for this, but the usual indicator that comes with every MT4 and MT5 by default may well fit.

Here is an example of how this indicator builds guides on different timeframes:

And this is what we see if we install a standard fractal indicator:

Look at how accurately he draws these lines!

In the settings of the indicator itself, unlike the standard fractal, you can only change the period and the number of candles for analysis, but I recommend leaving everything by default, since it works well with these parameters.

Trading recommendations

You can download the indicator of auto trend levels for free using the link below! Don't forget to share this page on social media. networks are welcome!

↓ DOWNLOAD ↓