Ever experienced seeing a trendline break after consolidation. You been watching and waiting for that break that you knew was coming but because you were side tracked by something you had to do. By the time you come back to check the trend you already missed that crucial break. Because in all honesty it is not possible to watch every currency pair for that crucial break.
As you can see in the above image the market took a breather after a downward trend and consolidated. You the need a tool to draw the two lines to border the consolidation trend and give you a signal once there is a break in the trend as depicted in the below image.
Uses of the Trendlinebreak Alert Indicator are not limited to what has been specified above. You can use it for other setups as well (see image below).
It’s uses will only be limited by your imagination (see image below) . The only ground rule is that, it’s purpose is to identify a breakout in the trend and alert you to it.
The Trendlinebreak Alert Indicator can also be set to send you mobile alerts on your MT4 mobile. It is also important to mention that this indicator is only for the MT4 platform.
This indicator is available as a free download on this site. Just fill in the below details and you will get your download link available and active for a day.
Please click HERE for installation instructions.