Thursday, August 5, 2021

Horizontal Grid Lines

This indicator creates static horizontal price lines at specific interval on the chart. These lines are very useful in price action trading.

In order to use this indicator, add the indicator to the main chart and select appropriate number of lines and interval as per your requirements. You can also change the line color and styles as well.


  • lines — number of lines on both side of current price;
  • interval — space between grid lines;
  • line_style — line style;
  • line_width — width of grid lines;
  • line_color — color of the grid lines.



Installing indicators on MT5 comes down to:

  1. Downloading the files (.ex5 and .mq5 formats)
  2. Placing them in the MT5 “Indicators” Data Folder
  3. Closing and re-starting your MT5 terminal
  4. Dragging you indicator from the Navigator to the Forex Chart

Downloading the indicator.

Download and prepare the MT5 indicator file(s) so they are ready to go on your computer. (Please note that some custom indicators will come in a .rar file, so make sure to extract the .ex5 and .mq5 files).

Go back to your Metatrader 5 platform, click the File Tab and select “Open Data Folder” to get access to the system folders for the MT5 program:

Placing them in the MT5 “Indicators” Data Folder.

Go to the “MQL5” folder and the “Indicator” subfolder and open the folder.

Drag or copy and paste the custom indicators files to the “Indicators” subfolder.

Restart the MT5 program. When MT5 loads again, you should see your custom indicator added to the directory in the navigation window.

Go to the navigation window and scroll down the menu to “Indicators”, pick the one you want to use and drag it to your chart.

For a video on how to install you MT5 indicators please visit our Youtube channel.

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Risk Disclaimer for Forex Trading. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. is a trade signal service.  You understand that none of the strategies or indicators that we make availible constitutes a recommendation that any particular trade is suitable. By downloading an indicator or strategy, you are confirming that you have read and agree to all of the terms and conditions posted on our terms and conditions page. We are not responsible for the content of any sites that may be linked to or from the Site or any message board (referred to on the Site as the “forum”) associated with us or the Site. These links are provided for your convenience only and you access them at your own risk. Unless otherwise noted, any other website accessed from the Site is independent from us, and we have no control over the content of that other website. We do not own the indicators available for download. All indicators are freely available on other websites and forums. If you are the owner of an indicator or strategy that we have made available for download, and you are wanting us to cease promoting it, please sent us an email and we will delete the post. If you would like the description modified, please contact us. In addition, a link to any other web site does not imply that we endorse or accept any responsibility for the content or use of such other website.

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Trevor Woodman was developed by Forex traders for traders. We wasted hours, probably years, looking for indicators, software and Forex broker reviews. is a hub for technical traders. It represents years of work, knowledge and experience. Enjoy and stay true to your passion.

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