The Demark Trend Line Breakout Alert indicator for MT4 is designed to capture the best trend line breakout signals for both up and down trends.
Just load it onto the MT4 chart and the indicator will alert you whenever a trend line breakout trade occurs.
It draws the trend line and puts an arrow on it so you know exactly at what price you”ll need to buy or sell the currency pair.
The Demark Trend Line Breakout Alert indicator is a great time saver since you don’t need to draw and watch trend line breakouts yourself.
Tip: Load the indicator onto multiple currency pairs for faster signals and great results!
Key Takeaways
- A price breakout above the upper red resistance trend line generates a buy trade alert.
- A price breakout below the lower green support trend line generates a sell trade alert.
- Pure price action signals without lagging signals.
Feel free to explore the Demark Trend Line Breakout Alert MT4 indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “demark-trend-alert-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Demark Trend Line Breakout Alert MT4 Indicator
Buy Signal: Open a buy trade when price breaks above the upper resistance trend line and the red arrow appears on the chart.
Place stop loss just below the lower support trend line, or use your own favorite SL method.
Exit the buy trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Sell Signal: Open a sell trade when price breaks below the lower support trend line and the green arrow appears on the chart.
Place stop loss just above the upper resistance trend line, or use your own favorite SL method.
Exit the buy trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Download This Forex Indicator Now
Download the “demark-trend-alert-indicator.ex4” MT4 indicator
Adjustable Parameters
Show bars, back step, trend line, horizontal line, channel line, trend show arrows, email alert, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend line signals
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
