An updated version of the well-known “Perfect Trend Line Indicator” is called the “Perfect Trend Line 2 Forex Indicator.” This update includes a kind of signal filtering that helps the earlier version’s erroneous signals be cleaned up. Two different entry signal kinds are offered by the Perfect Trend Line indicator. The blue and red dots first appear; blue dots signal purchase trades, and red dots signal sell deals. The second method uses color-changing candles. When red candles turn blue, it signals a long trade; when blue candles turn red, it signals a short trade.
Every mt4 timeframe and currency pair is compatible with the Perfect Trend Line 2 Indicator. It is immediately shown on the primary MT4 trading chart. From the input tab, the default indicator settings can now be changed. You are welcome to experiment with the settings and parameters to suit your tastes.
Installer’s Manual
The Perfect Trend Line 2.ex5 or Perfect Trend Line 2.mq5 forex indicator files should be copied and pasted into the MQL5 folder of the MT5 trading platform once you download the Perfect Trend Line 2.zip archive at the bottom of this post and unpack it.
By selecting one of the following choices from the menu, you can open this folder:
Open Data Folder > MQL5 > Indicators under File.
Visit the left side of your MT5 terminal right now. Locate the name in the Navigator, then click the right mouse button and choose Attach to chart.
Bottom Line
It is worthwhile to expand your trading toolkit with the Perfect Trend Line 2 indicator. Your chances of success will increase with an outstanding forex indicator. But always keep in mind to set very low standards for yourself. It cannot always deliver indications that are 100 percent accurate, just like any other technical analysis instrument. As a result, this forex indicator occasionally generates misleading entry indications. The state of the currency market will have a substantial impact on its success. Feel free to use it as the foundation for your trading strategy. Remember that there are still more fantastic free MT4 and MT5 forex indicators available for download and testing.