Line and Shadow can be found within the indicator section of the MQL5 marketplace, you can find a link to it below so as to avoid any possible confusion as to which indicator we are looking at. The indicator was first released on the 19th of January 2016 but its creator Sergei Konoplev, it received an update shortly after on the 25th of January 2016 and this brought it up to version 1.6.
Overview
The Line and Shadow indicator was created for MetaTrader 4, the indicator shows the trend direction and power on your charts, it will then plot entry and exit points for you the indicator contains the main lie and trend shadow zones.
The main settings available on this indicator:
- Show_Shadow – show/hide shadows.
- Show_ARROW – show/hide arrows and market entry points.
- Show_max_Lines – show/hide the maximum possible profit lines.
- ALERT – enable/disable trend change notifications in the terminal.
- Email – enable/disable e-mail notifications.
- Push – enable/disable push notifications.
Service Cost
The indicator currently costs $30 to purchase it outright, this will give you unlimited access without any restrictions. There is also the opportunity to rent it, it will cost you $10 per month to use it this way. There is a free demo version mentioned don the site, however, they do not mention what the limitations of this free version are.
Conclusion
There are currently three user reviews about this indicator, they are giving it an overall rating of 3.5 out of 5.
“Very good indicator, When you use correct value and all timeframes. Good feature is no repainting indicator” – A 5-star review.
“It works as described. Satisfied. Recommend ~!” – A 5-star review.
“The indicator is redrawn !!!” – A 1-star review (translated from Russian).
The 2 reviews were very positive with one being negative, there are also a number of comments in the comment section, the developer has been replying to the comments which are a good sign for the future customer service. As there aren’t many reviews we would highly recommend that you use the free version to make sure it works, or get in contact with the developer so you can be sure that it will do what you need it to do prior to making a purchase.
This Forex service is currently available for purchase in the MQL5 marketplace: https://www.mql5.com/en/market/product/14048
