Download Icon

OBV Trendline And OBV Divergence Indicators - TrueTL v1.91


Two new highly awaited and requested indicators are released:

  • OBV Trendline Indicator (with MTF and alert functions)
  • OBV Divergence Indicator (with MTF and alert functions)

Of course all indicators updated and bugfixed depending on the continuous changes of Metatrader (build 625 or later).

You can find all of our FREE and paid indicators on the INDICATOR page.

You can find the changelog on the UPDATE page where our customers can download the latest versions.

Download Icon

New Free Stuff


New free indicator: MTF OVB Indicator. This indicator is similar to our previous Stepless and colored multi-timeframe indicators but it's an On Balance Volume indicator.

New free script: Screenshot in the original chart size. The script detects the actual chart size, puts a label with the actual symbol and timeframe and saves the screenshot to your specified folder (you can specify a folder inside or even outside of the MT4's folder).

New update: The MTF Fractal Indicator is expanded with "Show Validation Candle" option: it shows which candle is the point where the higher timeframe’s fractal is validated and the fractal point appears.

We share some of our FREE open-source products on website (and we release new free stuff continuously).


Download Icon

Triangle Mode For All Trendline Indicators - TrueTL v1.90


We are happy to announce the new versions of our indicators. We have made some major changes from v1.90 and added one new feature:

  • Triangle mode for all trendline indicators: It works the same as the True Trendline Indicator's triangle mode where the indicator analyses every movement but draws only the two nearest trendlines (upper and lower).

You can find the changelog on the UPDATE page where our customers can download the latest version.

Changes Icon

Changes From the 1.90 Versions


The major update of MetaTrader 4 platform was released officially at 03.02.2014. The Metatrader 4 build 600 and higher can run the old compiled ex4 files, and there wasn’t any error with our indicators either.

We had two challenges:

  • The 3rd party installer didn’t work properly because the new MT4 had a new directory structure and other changes. That's why we provided immediately a new zip file with the new directory structure. The User Account Control (UAC) in the Windows Vista or above and the Metatrader's portable mode can confuse the installer, so it can’t find the right Metatrader data folder. Thus, from now we provide a one-click self-extractor instead of the installer.
  • We can't use directly the wininet.dll because the new MQL4 uses wide characters for DLL calling and we don't like using a double sized Internet traffic. We developed our own DLL for the communication with our servers (Post.dll) which has some speed improvements too.

Installation steps With One-click Self-extractor

  • Open the Metatrader
  • Go to file menu and click on "Open Data Folder"
  • Copy the EXE file to the opened folder
  • Close the Metatrader (necessary to overwrite the files)
  • Run the EXE file which extracts the files to the right directories
  • Restart the MT4 and you will see the indicators and scripts
One-click Self-Extractor
One-Click Self-Extractor

Install From Zip File

We also provide a zip file with directory structure. You can extract the files manually but please be careful, and copy/extract the files to the right directories in the MQL4 folder (you can extract simply if the zip file is in the the MT4's root folder).

Download Icon

Triangle Mode (Only Two Trendlines) - TrueTL 1.89 is Released


We are proud to announce this awaited function for the True Trendline Indicator:

Triangle Mode: 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 use 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 to try it out with "Lazy Redraw" option.

You can find the changelog on the UPDATE page where our customers can download the latest version.

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