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There are many types of trend lines, which can be based on relatively simple algorithms, but on the other hand, they can also be a very complex and sophisticated system of algorithms that often make trend lines evolve quite differently from how we usually know them.
The StepByStep line belongs rather on the borderline of both, its curve evolving quite "normally" one moment, then nothing and then suddenly jumping. Thanks to this effect, unlike basic trend lines, it is possible to trade the trend without many unwanted interventions and bad trading outcomes.
- The step trend indicator
- User complexity: Very simple
- Usability: Forex, Commodities, Stocks
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
The easiest way to trade with the StepByStep Line is by waiting for a breakout through the line (the candle closes on the opposite side of the line from where it opened) and then entering in the direction of the breakout.
Download the StepByStep Line from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
