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The 5 Trend Lines Rule

30 USD

Demo downloaded: 37

Published: 22 May 2023

Current version: 1.10

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The 5 Trend Lines Rule

5

Indicators
Carl Gustav Johan Ekstrom
Version: 1.10
Updated: 23 May 2023
Activations: 20

After analyzing a numerous significant bear and bull markets, a peculiar principle has surfaced, dubbed the 5 Trend Lines Rule. It suggests that within a major bear or bull market, there are typically five false breakouts before the sixth breakout proves significant.

Parameters

Trend Line #1 Color: Magenta
Trend Line #2 Color: Magenta
Trend Line #3 Color: Magenta
Trend Line #4 Color: Magenta
Trend Line #5 Color: Magenta
#1 Color: Yellow
#2 Color: Yellow
#3 Color: Yellow
#4 Color: Yellow
#5 Color: Yellow
Up Symbol Code: 233
Down Symbol Code: 234
Push Notification: True/False
Email Message: True/False
Pop-Up Alert: True/False

more...

1123

baderbader 2023.06.13 18:59 #

this indicator is great , its the missing part that you need of your strategy, make it as a confirmed signal of your entry if you want to make order. you dont just depened on its signal to avoid wrong entry make as a support entry of your strategy. great work

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Scalping strategy here <--- Trap Play refers to a market situation where price initially makes a new high or low, luring traders into believing a strong trend is forming. However, the price quickly reverses and invalidates the breakout, trapping those traders who entered positions based on the initial move. This sudden reversal often results in a rapid exit of positions, leading to significant price movement in the opposite direction. Trap plays can occur in various financial markets an

EA included, download here <--- Scalping strategy here <--- Trap Play refers to a market situation where price initially makes a new high or low, luring traders into believing a strong trend is forming. However, the price quickly reverses and invalidates the breakout, trapping those traders who entered positions based on the initial move. This sudden reversal often results in a rapid exit of positions, leading to significant price movement in the opposite direction. Trap plays can occur in

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EA included, download here <--- The Breakout Line in technical analysis serves as a crucial tool for understanding market dynamics and potential shifts in price direction. It's designed to highlight rapid accelerations or declines in the market's trajectory. Unconventional Analysis : The Breakout Line is not your typical technical indicator; it's tailored to capture swift market movements, offering a unique perspective on price trends. Angle of the Breakout Line : The sharper the angle formed

I'm excited to introduce you to the fifth bar on Martin Armstrong's Forecast Array - The Trading Cycle . This innovative tool represents a transverse form of cyclical frequency analysis, offering a unique perspective on market trends. The model employs a color-coded system for easy interpretation. In this model, green signals the ideal timing for highs, red indicates ideal lows, and yellow signifies a convergence of highs and lows occurring simultaneously. This intuitive approach allows

The Breakout Line in technical analysis serves as a crucial tool for understanding market dynamics and potential shifts in price direction. It's designed to highlight rapid accelerations or declines in the market's trajectory. Unconventional Analysis : The Breakout Line is not your typical technical indicator; it's tailored to capture swift market movements, offering a unique perspective on price trends. Angle of the Breakout Line : The sharper the angle formed by the Breakout Line, the stro

This simple yet remarkably effective trend-continuation and breakout indicator acts as a powerful tool designed to aid traders in distinguishing genuine trend extensions from false breakouts. Through the utilization of a unique three-time-unit correctional phase guideline, it provides clear signals, offering trading opportunities with attractive risk-reward ratios. Key Features Reliable Signals: The indicator confirms a genuine trend continuation or breakout if the price continues to trade

This simple yet remarkably effective trend-continuation and breakout indicator acts as a powerful tool designed to aid traders in distinguishing genuine trend extensions from false breakouts. Through the utilization of a unique three-time-unit correctional phase guideline, it provides clear signals, offering trading opportunities with attractive risk-reward ratios. Key Features Reliable Signals: The indicator confirms a genuine trend continuation or breakout if the price continues to trade h

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1123

baderbader 2023.06.13 18:59 #

this indicator is great , its the missing part that you need of your strategy, make it as a confirmed signal of your entry if you want to make order. you dont just depened on its signal to avoid wrong entry make as a support entry of your strategy. great work

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Reply from developer Carl Gustav Johan Ekstrom 2023.06.13 19:18 #

Thank you! 👌

Version 1.10 2023.05.23

Minor visual improvements.