Accurate forex indicator no repaint entry

This indicator was a joint project with input from our members. Room for improvement: Divergence signals can be few and far between as the indicator will only produce it's Divergence under certain conditions. For active traders, this indicator will not produce enough signals often enough. Vertical Lines can be highly distracting.

Can be visually confusing for newer traders. If you would like our "minimal" chart template with only Classic Divergences, please use our tweaked settings. Out of the List of Top Three "Auto" trend line drawing indicators for MT4 , this one stands out as it draws significant and strong trend lines, earlier than the others.

It's lightweight and easy to use. It comes with Multi-timeframe mode. It has Alerts. Out of the box, it draws both: Incomplete currently in play trendlines Completed finished or broken trendlines. This indicator not only doubles as an automatic trend lines drawing indicator but also a learning tool for novice traders who are practicing how to draw wedges, channels, triangles and major trend lines on their charts.

Room for improvement: The indicator also comes with a "Zig-Zag" type of Dots display for swing entries and exits, which can be distracting. You can turn them all off by choosing color as "none" inside the "Colors" tab of the indicator's Options. The Multi-timeframe mode will draw trend lines, but unfortunately they do not adjust higher timeframe trendlines to sit on top, or connect neatly to the lower timeframe's wicks or body.

This will cause confusion for novices. We highly recommended skipping the use of MTF on this particular indicator. It can be a sensitive indicator if settings are played with. These are the default settings. But opting out of some of these cookies may affect your browsing experience.

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