Auto Color Trendlines | Forex Factory

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Auto Color Trendlines

  • #1
  • First Post: Edited Apr 19, 2015 11:51pm Apr 16, 2015 11:34pm | Edited Apr 19, 2015 11:51pm
Here is a handy script that auto colors trendlines. Simply draw your trendlines and horizontal lines and then attach the script to auto change the colors.

Bearish Color is applied to any trendlines drawn downwards.
Bullish Color is applied to any trendlines drawn upwards.

Bearish Color is applied to top horizontal line.
Bullish Color is applied to bottom horizontal line.
Horizontal Trendline color is applied to all other horizontal lines.
Attached Image (click to enlarge)
Click to Enlarge Name: Auto Color Trendlines.jpg Size: 142 KB
Attached File(s)
File Type: ex4 Auto Color Trendlines.ex4   5 KB | 4,129 downloads
File Type: mq4 Auto Color Trendlines.mq4   3 KB | 4,620 downloads
  • #2
  • Apr 19, 2015 6:25am Apr 19, 2015 6:25am
does not work
  • #3
  • Apr 19, 2015 10:45pm Apr 19, 2015 10:45pm
Works fine for me on several different metatrader 4 instances... what is your build #, using ex4 or made changes to the mq4? steps taken, results, screenshot.
  • #4
  • Apr 19, 2015 11:29pm Apr 19, 2015 11:29pm
Quoting synni4
does not work


yes its not work out in PepperStone,Hot Forex,Bulls Capital,Fxcentral build-765, version 4
  • #5
  • Apr 19, 2015 11:41pm Apr 19, 2015 11:41pm
using ex4 or made changes to the mq4? steps taken, results, screenshot...
  • #6
  • Apr 19, 2015 11:49pm Apr 19, 2015 11:49pm
I just tried it with build 765. Opened EURUSD H1 chart.
Drew 2 trendlines going upward. 1 trendline going downward. 3 horizontal trendlines.
Applied the Script and the colors changed.

see before and after screenshots

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 239 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 249 KB
  • #7
  • Apr 20, 2015 5:42am Apr 20, 2015 5:42am
Quoting PMak
using ex4 or made changes to the mq4? steps taken, results, screenshot...


In which platform its workout ? no chance,i tried more than 10 MT4's nothing happen,when we put the auto color trend line.ex4 in indicator folder,then open the MT4,its listed in indicator folder ,but we double click the indicator nothing will happen ,then how can u load it ?let me explain.
  • #8
  • Apr 20, 2015 5:56am Apr 20, 2015 5:56am
Ah I see your mistake. It's a script and not an indicator. You put it in the scripts folder and attach it to a chart after drawing trend lines.
  • #9
  • Apr 20, 2015 8:10am Apr 20, 2015 8:10am
Quoting PMak
Ah I see your mistake. It's a script and not an indicator. You put it in the scripts folder and attach it to a chart after drawing trend lines.



Thanx PMak ,now its work ,as per ur guidance.
  • #10
  • Edited 4:37am Jun 8, 2015 12:44am | Edited 4:37am
**** UPDATE ***

This is now an indicator AND it will show trendlines and horizontal lines drawn only in lower timeframes.
AND it will set the object description to show the time frame as well as draw higher timeframes with thicker lines.
You must enable "Show Object Descriptions" on the chart properties to see the timeframe text.

For example, if you draw trendlines in the M15 time frame, they will not appear in higher timeframes such as Daily, however trendlines drawn in the Daily Chart appear on the M15 time frame.

This allows for "cleaner" charts as trendlines/horizontal lines from lower time frames do not clutter up the higher timeframes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
Click to Enlarge Name: Screenshot2.png Size: 58 KB
Attached File(s)
File Type: ex4 FTAutoTrendlines.ex4   9 KB | 2,823 downloads
File Type: mq4 FTAutoTrendlines.mq4   8 KB | 3,462 downloads
  • #11
  • Edited 9:52pm Nov 26, 2015 9:19pm | Edited 9:52pm
Quoting PMak
Here is a handy script that auto colors trendlines. Simply draw your trendlines and horizontal lines and then attach the script to auto change the colors. Bearish Color is applied to any trendlines drawn downwards. Bullish Color is applied to any trendlines drawn upwards. Bearish Color is applied to top horizontal line. Bullish Color is applied to bottom horizontal line. Horizontal Trendline color is applied to all other horizontal lines. {file} {file} {image}
Hi PMak,

Thanks for the script shared, it is very useful!
Could you modify the trendlines and horizontal lines width size like +1?
Like the picture trendline width.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 32 KB

I dont know much about the coding, don't know what to add on the script..
Thanks in advance.

Extremely convenience on applying by adding hotkey on the script by right-click add hot key, set the combination you want and press anytime after you drew the lines, done, the colors of the lines won't be that confusing anymore.
  • #12
  • Last Post: Jan 6, 2017 2:10am Jan 6, 2017 2:10am
@PMak - I tried both script and indicators. It's not working or maybe expired. Can you please update indicators to latest MT4 version 4.00 Build 1031 ? TY in Advance
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