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Trend lines by direction

5

TrendLines 


Automatically draw trend lines.

This indicator automatically draws trend lines on your chart. 

The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.

Having multiple different trend lines helps us reduce the risk of a situation where we move between support and resistance in a time frame, unaware that support and resistance on a different time frame could take the market in the wrong direction. It also makes it easy to spot potential channels on the chart.

The indicator includes a built-in alerting system to warn when the price approaches or breaks a trend line. The indicator can send notifications to the terminal or your mobile phone.


The first set support and resistance lines are created by looking at the chart's first 50 bars. The second set is from 200 bars on the chart. The third is 400 with the final pair of trends lines made by analysing 600 bars.


Been able to see different trend lines at a glance makes it easier to manage your trade, making it more profitable and avoiding loss.


You can specify if you are looking for either an upward or downward trend for each set or allow the chart to decide on the best direction.


An on-screen window allows you to change the direction without having to reload the chart. It also provides feedback.


The indicator can automatically look for better lines with each new candle or for the lines to be fixed and never update (No redraw).


Looking for lines in a specific direction.

By default, the indicator will calculate the best direction for each trend line. If you are looking for trades in a specific direction, you can set this for each line. The indicator allows you to set different rules for each of the trend line pairs.

You can change the direction settings on screen as well as when the indicator is loaded. 


For each trend line you can set the following parameter:

Direction of trend?

 -> Best fit trend lines (Allow the indicator to decided)

 -> Look for upward trend lines

 -> Look for downward trend lines


Line colour/style/width.

The lines can have unique colours, styles and widths on the chart.


On screen interface.

There is an on-screen interface which can control the direction of the lines. 

Parameter : Should the interface appear?

-> Show the interface

-> Hide the interface (This is the default)


Avoiding irrelevant lines.

Sometimes the formula the indicator uses creates lines which could never hit.


Parameter : Avoid lines which are unlikely to be hit? 

 -> True (default)

 -> False - Use the original formula.

 

Stop extreme bars from affecting lines.

The indicator can ignore a percentage of bars which would otherwise invalidate the line. 


Parameter : Percentage of bad lines to allow (5 max)

-> A number between 0 (default) and 5.


Setting this to a value greater than zero will stop lines becoming invalid as soon as a bar breaks them. Instead, it will allow a number (percentage) of bars to break the resistance line before it becomes invalid.


Alerting system

The indicator will warn if you are approaching or have broken a trend line. You can have the alerts sent to either the MetaTrader or your mobile phone. To have it sent to your mobile phone, you will need the MetaTrader mobile phone app set up with your system. 


Parameter : Warn when the price approaches a line -> True/False

Parameter : Warn if a line is broken -> True/False

Parameter : Send alert to MetaTrader phone app -> True/False

Parameter : Send alert to MetaTrader terminal -> True/False


Automatically updating the lines.

Should the indicator look for better lines or display its initial lines (no redraw).

Parameter :  Automatically look for new lines -> True/False


Send an alert when a new trend line forms.

Should the user be alerted when a trend line changes?

Parameter:  Send alert when a new trend line forms -> True/False


Bewertungen 3
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Naser 2021.01.01 12:38 
 

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Sie wollen ein konstant profitabler 5-Sterne-Forex-Trader werden? 1. Lesen Sie die grundlegende Beschreibung unseres einfachen Trading Systems und und sein großes Strategie-Update im Jahr 2020 2. Senden Sie einen Screenshot Ihres Kaufs, um Ihre persönliche Einladung zu unserem exklusiven Trading-Chat zu erhalten FX Power  ist der erste Währungsstärkemesser mit einer vollständigen Historie über alle Zeitrahmen. Es analysiert das Momentum und die Stärke aller wichtigen Währungen, um Trades m
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Blahtech Supply Demand
Blahtech Limited
4.67 (33)
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
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Beast Super Signal
Dustin Vlok
4.89 (95)
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MaxiFinishTrend 2
Stsiapan Kreidzich
4.73 (26)
125 $. Heute 50 % Rabatt. Alle Signale. Intelligentes Handelssystem.    Beliebte Indikatoren geben zwei Signale - KAUFEN und VERKAUFEN, und Sie müssen Take Profit auswählen und setzen. Normalerweise funktioniert es schnell und der Trend geht zu Ihren Gunsten, aber der Indikator ist „still“, bis sich der Trend ändert. MaxiFinish not silent. Für alle Timeframes, Symbols, MT4, alle Bildschirme. Adaptiver Algorithmus, genaue Signalabstimmung.    Die erste Idee von MaxiFinish besteht darin, das d
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CS ATR FIBO CHANNELS MULTI TIMEFRAME Additional tool to trade with Cycle Sniper Indicator. Cycle Sniper :  https://www.mql5.com/en/market/product/51950 Indicator Draws Channels based on: - Cycle Sniper Price and Moving Averages - ATR Deviations - Fibonacci Retracement and Extensions Features: - Multi TimeFrame - Full alert and Notification options. - Simple Settings - Finds the trend change or extreme reversals. Inputs: - Arrow Mode: ATR Levels or Median Line   If Median Line is selected
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FX Trend
Daniel Stein
4.86 (84)
Sie wollen ein konstant profitabler 5-Sterne-Forex-Händler werden? 1. Lesen Sie die grundlegende Beschreibung unseres einfachen Trading Systems und sowie das große Strategie-Update im Jahr 2020 2. Senden Sie einen Screenshot Ihres Kaufs, um Ihre persönliche Einladung zu unserem exklusiven Trading-Chat zu erhalten FX Trend zeigt Ihnen die Trendrichtung, Dauer, Intensität und die daraus resultierende Trendbewertung für alle Zeitrahmen in Echtzeit an. Sie sehen auf einen Blick, in welche Richtu
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Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
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MetaBands M4
Vahidreza Heidar Gholami
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The Nihilist 5.0 Indicator includes Forexalien and Nihilist Easy Trend trading strategies and systems. It is composed of an MTF Dashboard where you can analyze the different input possibilities of each strategy at a glance. It has an alert system with different types of configurable filters. You can also configure which TF you want to be notified on your Metatrader 4 platform and Mobile application The indicator has the option to view how could be a TP and SL by using ATR or fixed points, even
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Weitere Produkte dieses Autors
TrendLines  Automatically draw trend lines. EURUSD/BTCUSD (Bitcoin) version. The full version works on any currency pair. This indicator automatically draws trend lines on your chart.  The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.  If you are looking for other versions of this indicator, they are available below: This versions now work with BTCUSD (Bitcoin) and EURUSD so you can try it out with crypto coins as well as reg
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TrendLines  Automatically draw trend lines. This indicator automatically draws trend lines on your chart.  The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.  If you are looking for other versions of this indicator, they are available below: Having multiple different trend lines helps us reduce the risk of a situation where we move between support and resistance in a time frame, unaware that support and resistance on a differe
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Auswahl:
Adrian Wong
121
Adrian Wong 2021.08.14 15:59 
 

Great tool, good indication of the possible turning points of support and resistance. So good that i bought both the MT4 and MT5 version. I don't use it as a prime tool for entries but definitely a must have tool on my list.

lauro1956
2207
lauro1956 2021.04.11 19:45 
 

Thank you. Purchase made, good product

Naser
1243
Naser 2021.01.01 12:38 
 

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Antwort auf eine Rezension
Version 1.17 2022.03.29
v1.17 A new parameter, when set to true the indicator will alert when a new line is forming.
Version 1.16 2021.12.27
v1.16 Minor bug fix
Version 1.15 2021.04.07
v1.15 Added the symbol name to messages and alerts.
Version 1.14 2021.02.16
v1.14 Change to the demo version so that the indicator can be trialled with both EURUSD and BTCUSD.
Version 1.13 2021.02.10
v1.13 Can now be set to automatically look for new lines or stick with the line initially found (no redraw).
Version 1.12 2021.02.04
v1.12 Added an alert system. The indicator can now send a warning to the users terminal or phone (if you have the Metatrader app installed) when the price approaches and breaks the trend line.
Version 1.11 2021.01.10
v1.11 Allow for a percentage of bad bars to be ignored. Setting this to a value greater than zero will stop lines becoming invalid as soon as a bar breaks them. Instead, it will allow a number (percentage) of bars to break the resistance line before it becomes invalid.
Version 1.10 2021.01.01
v1.10 New parameter to improve the quality of the lines.

"Avoid lines which are unlikely to be hit?"

If set to true (default) the formula is less likely to select a line unlikely to be hit. Setting this to false will use the original formula.
Version 1.9 2020.12.14
v1.09 If it fails to find a line, it will retry its calculation, including the previous 100 bars. This will reduce the number of times which it fails to find a line.
Version 1.8 2020.12.07
v1.08 Changed line style to make it clearer which lines are paired with each other
Version 1.7 2020.11.26
v1.07 Added new mini-trend line for fine-tuning the trend
Version 1.6 2020.11.09
v1.06 New parameter to hide the interface.

When you select the inputs for the indicator, you can now specify if the interface appears.

The new parameter is:

"Should the interface appear?"

The options are:

"Show the interface"

"Hide the interface" (This is the default)
Version 1.5 2020.11.06
v1.05 Minor fix for extended lines.
Version 1.4 2020.11.05
v1.04 Extends lines into the future.
Version 1.3 2020.11.01
v1.03 Fixed a bug which could stop the screen updating.
Version 1.2 2020.11.01
v1.02 Fixed radio buttons display at different resolutions.
Version 1.1 2020.10.27
v1.01 Minor bug fix.