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MACD Trendline and MACD Divergence Indicators - TrueTL v1.87


We are happy to announce these long awaited indicators:

  • MACD Trendline (with MTF and alert functions)
  • MACD Divergence (with MTF and alert functions)

You can find the new features and DOWNLOAD the latest version on the UPDATE page.

Moreover you can download for FREE these new indicators from the Indicators page:

  • FREE - MTF MACD Indicator (stepless and colored)
  • FREE - MTF Bollinger Indicator (stepless and colored)

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Multi Timeframe Divergence Indicators - TrueTL 1.86 is Released!


We are proud to announce this awaited function for the divergence indicators:

MULTI TIMEFRAME ABILITY FOR DIVERGENCE INDICATORS: You can watch indicator values of a higher timeframe without switching between the chart's timeframes. You can set timeframe of the indicator as follows: 0 = the timeframe used on the chart, 1=M1, 5=M5, 15=M15, 60=H1, 240=H4, 1440=D1, 10080=W1, 43200 MN1. IMPORTANT: The arrows will appear only when the higher timeframe's candle is closed to make sure that the candle’s configuration is validated and the divergence is fine.

You can find the complete changelog and DOWNLOAD the latest version on the UPDATE page. IMPORTANT: The current version will run under 509 build (or later) MT4.

On the EXAMPLE page you can find many useful advice about the forex trading.

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TrueTL 1.85 is Released!


Two new options for the divergence indicators:

  • Line Chart: you can switch the indicators to draws divergence lines to the MT4's Line Chart.
  • Candle Body Filter: until now our indicators filtered automatically the divergence lines that go over the candle-bodies. From now you can turn off this filtering if you would like to.

The EXAMPLE page is extended with a very important part of forex trading. We give you a short description and some advice about the Risk Management, including the placement of Stop Loss, the RR Ratio, the Lot size calculation, etc. We believe that no one can be a successful trader without this knowledge.

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TrueTL 1.84 is Released - Williams %R Trendline and Divergence


We are happy to announce our two new addon indicators:

  • Williams %R Trendline (with MTF and alert functions)
  • Williams %R Divergence (with alert functions)

One new feature for all indicators:

Smarter Update Method: From now, all TrueTL indicators have a simple file name without version number. If a new update is released, simply you can overwrite the indicator's files (automatically with our installer or you can do it manually from the zip file), and you can use continuosly the new indicators with your saved template and settings. The indicator settings panel's first field contains the actual version number.

We extended the example page with detailed description of our two trading strategies.

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New FREE Indicators are Released!


3 new FREE indicators are released:

  • Stepless, colored and multi timeframe MA
  • Stepless, colored and multi timeframe Stochastic
  • Stepless, colored and multi timeframe Williams %R

Detailed description and FREE download on the Indicators page...

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Risk warning

Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.

Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.

In addition, trading on a margin basis means that any market movement will have a proportionate effect on your deposited funds. This can work for you as well as against you. The possibility exists that you could sustain a total loss of initial margin funds.

Risk Warning