Auto Trend Channel Indicator

Platform: MT5 Type: Channel

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Last update: January 19, 2025

The Auto Trend Channel Indicator automatically draws two trendlines that together make a price channel and these trendlines work as dynamic support and resistance levels. A green trendline is a resistance level and when the price rejects it, one should open a sell trade. Similarly, a red trendline is support level and its price rejection indicates a buy trade.

Example trade with the Auto Trend Channel Indicator

Below is the screenshot of an example trade with the Auto Trend Channel Indicator.

As you can see, there is a clear downtrend. The Auto Trend Channel indicator plotted a respectable green inclined trendline and take profit is set by a red trendline.

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