Update

On this page you can find our indicator's new features. Our clients can download the latest version here with a valid username. Reports about optimization and minor bug fixes will not appear here, as it's obvious that we're working on them continuously. IMPORTANT: The current version will run under 1280 build (or later) Metatrader 4 (Install instruction).

MT5 version is available (3.00 beta rc5):

(Other indicators are coming soon)

  • True Trendline Indicator for MT5
  • True SR Level Indicator for MT5
  • RSI Trendline Indicator for MT5
  • RSI Divergence Indicator for MT5
  • CCI Trendline Indicator for MT5
  • CCI Divergence Indicator for MT5
  • Williams %R Trendline Indicator for MT5
  • Williams %R Divergence Indicator for MT5



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Highly requested! Maximum divergence distance filter in all divergence indicators | From Version 2.55 - 16/07/2020

You can set the maximum distance of divergence in bars. The default setting is 300 bars (this is the maximum distance) and you can set lower value.

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Highly requested! Divergence prediction in all divergence indicators | From Version 2.50 - 22/06/2020

You can see the possible divergence before the candle is closing. It has a very high risk because at this moment we can't be sure if the divergence formation is valid up until the candle has closed. In return, we can enter sooner, maybe at a better price for us. We highly recommend using these signals if You are an advanced trader and please use more filtering methods such as the trend direction analyzing or entering at pivot points, current or previous daily high/low, or at other strong levels.

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NEW! Sensitivity option to all divergence indicators | From Version 2.50 - 22/06/2020

With higher and highest sensitivity settings You can see more (but of less quality) divergences on the chart. We recommend using these signals with more filtering methods such as the trend direction analyzing or entering at pivot points, current or previous daily high/low, or at other strong levels.

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ZigZag Option with Colored Trend in True S/R Level Indicator | From Version 2.40 - 30/07/2019

With this option You can see ZigZag lines on peaks and bottoms. The color changes depend on the direction of the trend. The colors and styles are customizable. More info...

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ATR Trendline and Divergence Indicator | From Version 2.37 - 15/10/2018

Similar indicators like RSI-CCI Trendline and Divergence, but with ATR Indicator. Go to indicators...

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ADX Trendline and Divergence Indicator | From Version 2.36 - 04/10/2018

Similar indicators like RSI-CCI Trendline and Divergence, but with ADX Indicator. Go to indicators...

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New Trendline Alert in all trendline indicators | From Version 2.34 - 02/10/2018

Alert event if the oscillator trendline indicator (RSI, CCI, etc.) redraws and a new trendline appears.

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New Level Alert in True S/R Level Indicator | From Version 2.30 - 06/08/2018

Alert event if the True S/R Level indicator redraws and a new level appears.

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Volume Trendline and Divergence Indicator | From Version 2.27 - 25/06/2018

Similar indicators like RSI-CCI Trendline and Divergence, but with Volume Indicator. Go to indicators...

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Accumulation Distribution Trendline and Divergence Indicator | From Version 2.25 - 07/05/2018

Similar indicators like RSI-CCI Trendline and Divergence, but with Accumulation Distribution Indicator. Go to indicators...

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Write alert messages to file | From Version 2.23 - 23/04/2018

From now on, all indicators are able to write the alert message to csv file with delimiter. "TrueTL Alert.csv" file is placed in "MQL4/Files" folder.

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Fixed length option to the Extend Line setting in True S/R Level Indicator | From Version 2.20 - 19/03/2018

You can adjust the length of the extend line forward and backward (adjustable length of right side and left side). Ideal for only peak/bottom visualization.

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Precise MTF Extend Line option to True S/R Level Indicator | From Version 2.20 - 19/03/2018

We've added Precise MTF Extend line option to see the line extension in the adjusted timeframe if You are using the indicator in MTF mode. Useful if You would like to see the higher timeframe's breakout on the actual chart's timeframe.

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Better arrow placement to all divergence indicators | From Version 2.13 - 04/09/2017

Thanks to Metatrader's new abilities from now on, the divergence indicators can draw the arrows dynamically closer to the candle's high/low price on the chart.

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Awesome Oscillator Trendline and Divergence Indicator | From Version 2.10 - 23/05/2017

Similar indicators like RSI-CCI Trendline and Divergence, but with Awesome Oscillator Indicator. Go to indicators...

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Precise MTF option to True Support and Resistance Level Indicator | From Version 2.05 - 03/05/2017

We've added Precise MTF option to the candle body and the line chart drawing mode in the True Support and Resistance Level Indicator. With this option You can see the defined timeframe's price and place on the actual timeframe's chart if You are using the indicator in MTF mode.

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True Support and Resistance Level Indicator | From Version 2.00 - 18/04/2017

The long-awaited indicator has been released. This indicator draws support and resistance levels on the main chart with a more advanced algorithm than the fractal based solutions. It calculates with the last 400 visible bars, and the level ending depends on the last visible candle. Multi timeframe ability, alert functions, candle body or high/low option, line chart and offline chart compatibility, and much more. Go to indicators...

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Backtesting ability to all indicators | From Version 2.00 - 18/04/2017

From now on all indicators contain this function that you may know from the True Trendline indicator. If the auto-scroll is disabled in MT4, and the Auto Refresh is disabled in the indicator's settings too, you can scroll back the chart, and the "[TrueTL] Calculate" script will draw all past trendlines until the last visible candle (Example Video).

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Switchable Stepless to all Trendline And Divergence Indicators | From Version 1.99 - 13/07/2016

With this switch you can enable or disable the interpolation if you would like to see the exact higher timeframe's indicator data. Go to indicators...

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Force Index Trendline And Divergence | From Version 1.98 - 01/02/2016

Similar indicators like RSI-CCI Trendline and Divergence, but with Force Index Indicator. Go to indicators...

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Momentum Trendline And Divergence | From Version 1.97 - 14/12/2015

Similar indicators like RSI-CCI Trendline and Divergence, but with Momentum Indicator. Go to indicators...

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DeMarker Trendline And Divergence | From Version 1.96 - 12/07/2015

Similar indicators like RSI-CCI Trendline and Divergence, but with DeMarker Indicator. Go to indicators...

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Switchable trendline groups | From Version 1.95 - 25/05/2015

True Trendline Indicator sorts the trendines into 4 groups (normal, long, three touches, narrow). The style's settings are available from earlier versions but from now on, you can show or hide these groups separately with switches. For example this function is ideal if you would like to trade with only three touches trendlines.

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Multiple instances possibility | From Version 1.94 - 07/05/2015

From now on, you can attach two or more instances of the same indicators to on one chart. For example you can run 3 RSI Trendline indicators with different settings on one chart. If you would like to use the indicators with old-style object names (if you developed an EA or another reason) you can disable this function with the "Multiple_Instances" setting.

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User friendly description to some settings | From Version 1.94 - 07/05/2015

Thanks to the Metatrader's new abilities we added user friendly descriptions for some settings. For example: Until now the timeframe or the line style were adjustable with numbers. From now on, you can set them with a drop-down list options.

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MFI Trendline And Divergence | From Version 1.93 - 20/07/2014

Similar indicators like RSI-CCI Trendline and Divergence, but with MFI Indicator. Go to indicators...

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Minor Improvements to All Indicators | From Version 1.92 - 27/05/2014

Minor speed and stability improvements for all indicators. Some bugs caused by MT4 are fixed and we launched new servers for the calculations of indicators.

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OBV Trendline And Divergence | From Version 1.91 - 29/04/2014

Similar indicators like RSI-CCI Trendline and Divergence, but with OBV Indicator. Go to indicators...

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Triangle Mode to All Trendline Indicators | From Version 1.90 - 09/03/2014

It works the same way as the True Trendline Indicator's triangle mode where the indicator analyses every movement but draws only the two nearest trendlines (upper and lower). Some major changes from the 1.90 version...

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Triangle Mode to True Trendline Indicator | From Version 1.89 - 07/01/2014

In this mode True Trendline Indicator analyses the whole chart, then selects and draws only the two nearest trendlines: upper and lower. Basically TrueTL draws all possible trendlines to be used for many things: entry, entry-filtering, R/R calculation, SL / TP price, etc. The "Triangle Mode" is ideal if you are looking for an entry only. It's worth trying it out with the "Lazy Redraw" option.

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OSMA Trendline And Divergence | From Version 1.88 - 15/11/2013

Similar indicators like RSI-CCI Trendline and Divergence, but with OSMA Indicator. Go to indicators...

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Minor Improvements to All Indicators | From Version 1.88 - 15/11/2013

  • Custom style (color and symbol) for the divergence indicator's arrows
  • Separate icon for the update and license-expiry notifications and text message to others
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MACD Trendline And Divergence | From Version 1.87 - 20/08/2013

Similar indicators like RSI-CCI Trendline and Divergence, but with MACD Indicator. Go to indicators...

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Multi Timeframe Ability for Divergence Indicators | From Version 1.86 - 21/07/2013

You can watch indicator values of a higher timeframe without switching between the chart's timeframes. You can set the timeframe of the indicator as follows: 0 = 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. Go to indicators...

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Two New Options to The Divergence Indicators | From Version 1.85 - 16/06/2013

  • Line Chart: you can switch the indicators to draw divergence lines to the MT4's Line Chart.
  • Candle Body Filter: until now our indicators have automatically filtered the divergence lines that go over the candle-bodies. From now on you can turn off this filtering if you would like to.
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Williams Trendline And Divergence | From Version 1.84 - 29/04/2013

Similar indicators like RSI-CCI Trendline and Divergence, but with Williams Indicator. Go to indicators...

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Smarter Update Method | From Version 1.84 - 29/04/2013

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

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Line Chart Compatibility | From Version 1.83 - 11/03/2013

The Metatrader has three chart modes: Bar chart, Candlesticks, and Line Chart. Up until now TrueTL has worked only with the first two, but from now it can draw the trendlines on the Metatrader's Line Chart. For example...

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Stochastic Trendline And Divergence | From Version 1.82 - 16/01/2013

Similar indicators like RSI-CCI Trendline and Divergence, but with Stochastic Indicator. Go to indicators...

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Small Notification Icon | From Version 1.81 - 28/12/2012

From now on, the alert messages (license expires soon, update released, etc.) will not take up a huge place on the chart. It will only show as a small icon. If you move the mouse pointer over it you can read the message.

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New Addon Indicators: Rsi And Cci Divergence | From Version 1.80 - 06/11/2012

RSI and CCI Divergence Indicator, without the general problems of the other free or not free divergence indicators (inaccurate peak/bottom detection, divergence line draws over the candle-body, etc). NON REPAINTING: the arrow will appear when the trigger candle is closed. Go to indicators...

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Multi Timeframe redraw | From Version 1.75 - 10/10/2012

Until now: TrueTL drew trendlines in multi timeframe, but the redraw depended on the actual timeframe's candle sticks. From now on in this version: you can adjust the timeframe for redraw. So, for example you can use H1's trendlines in M5 (with detailed break and backtest movements). For example...

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Minor Improvements to All Indicators | From Version 1.71 - 21/09/2012

  • You can move the TrueTL's lines to the background
  • More information in the alert message
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Integrated And Fully Customizable Alert Functions | From Version 1.70 - 17/09/2012

In this version, all of the indicators have an integrated and fully customizable alert function which works with all of the trendlines and horizontal lines (not only TrueTL's) on the chart or in the RSI-CCI Trendline indicator's window. Settings Panel...

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Fully Customizable Styles | From Version 1.61 - 22/08/2012

You can set any styles of the lines (color, width, line style) freely in any TrueTL indicator.

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Automatic Username Storing | From Version 1.60 - 08/08/2012

If you type your username into any TrueTL indicator, you don’t need to type in again anymore, because all of the indicators will remember it.

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Rsi And Cci Trendline Goes Multi Timeframe | From Version 1.60 - 08/08/2012

You can watch other timeframe’s indicator values, without switching between the timeframes. You can set the timeframe of the indicator to: 0 = Timeframe used on the chart, 1=M1, 5=M5, 15=M15, 60=H1, 240=H4, 1440=D1, 10080=W1, 43200=MN1.

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Minor Improvements to Rsi And Cci Trendline | From Version 1.60 - 08/08/2012

  • Cut TL Ending: cut the trendline’s ending when it's broken.
  • RSI Width: specify the width of the RSI and CCI lines
  • Trendline Width: specify the width of the trendlines
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Redundant Server Calculation | From Version 1.55 - 27/06/2012

If the main calculation server is not responding, TrueTL is going to change the settings, and request the necessary calculation from a different server. It proceeds in the background automatically and quickly, you won't notice it.

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Lazy Redraw Option | From Version 1.50 - 07/05/2012

The pattern recognition algorithm is the heart of TrueTL. It determines the trendline-redrawing. We improved this algorithm in version 1.1 and we never stopped developing. From now on, TrueTL contains the even more upgraded algorithm, and this new option which shows safer trendline breakout. For example...

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Cut Trendline Ending Option | From Version 1.50 - 07/05/2012

Cut the trendline ending when it's broken. It makes even less disturbing trendlines and clearer charts. For example...

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Candle Body Option | From Version 1.40 - 29/03/2012

In this version, TrueTL is able to ignore the candle's high/low, and draws the trendline that is aligned to the candle's body. You can set this option with the "candle-body" switch. For example...

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New Addon Indicator: CCI Trendline | From Version 1.40 - 29/03/2012

CCI trendline indicator that draws all trendlines automatically in the CCI indicator window. Go to indicators...

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Corrected Scale On Rsi Trendline | From Version 1.40 - 29/03/2012

In this version, the RSI Trendline indicator shows the standard scale of RSI (0-100). You can set your favorite levels on the chart (such as 30 / 70).

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User Notification On The Chart | From Version 1.30 - 06/03/2012

You can receive a notification message on the chart, such as if your subscription expires soon, or a new update is released. You have the option to set the corner on the chart to show the message.

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Improved Offline Chart Compatibility | From Version 1.30 - 06/03/2012

Some popular indicators (such as Renko Chart, Point & Figure Chart) are working on the offline chart. The refresh procedure is optimized in this version. For example...

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New Addon Indicator: RSI Trendline | From Version 1.20 - 18/02/2012

RSI trendline indicator that draws all trendline automatically in the RSI indicator window. Go to indicators...

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Server Calculation And Protection At Once | From Version 1.10 - 30/01/2012

"Goodbye Guardian protection..." A simple installer copies the files to the MetaTrader directory and that’s all: it works! The indicator sends the necessary candle-data to a server, which calculates some values. The indicator receives these values, and it can work only with these. This process takes place in a fraction of a second, so it’s NOT a factor that causes a slowdown.
WARNING: If you run into other sources of TrueTL indicator, you can be sure that it is a fake version, and it’s not gonna work flawlessly. Click here for more information about our own ex4 protection.

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No MT4-account Limitation | From Version 1.10 - 30/01/2012

You can use TrueTL with multiple Metatrader accounts. After purchase you will receive a username that can be used on any number of any MetaTrader broker’s account. This provides faster service. You can get access to the indicators within 24 hours on workdays (usually within 3 minutes).

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Improved Candlestick Pattern Recognition | From Version 1.10 - 30/01/2012

Thanks to the server-calculation, more advanced algorithms can be used for the candlestick pattern recognition. In previous versions, it happened that it drew a trendline to a configuration which was not an obvious pullback, and we’ve seen some false trendline-breaks. For example...

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Filter The Duplicated Trendline | From Version 1.10 - 30/01/2012

In an uncertain market situation, there are many possible trendlines. Since TrueTL picks all of these, a lot of trendlines can be confusing sometimes. The new version filters the „too close” trendlines that don’t have any effect on our trading-decisions. You can set the color of this, or choose the 'none'-color option and they will disappear. For example...

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Intelligent M1-m5 Fast Analysis | From Version 1.10 - 30/01/2012

Compared to the previous version, this finds the smaller timeframe’s starting points in a much smarter way. It observes only those candles that are really needed, so the calculation is faster and better trendlines are also obtained.

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...and Some Optimization And Bugfix | Continuously

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