- Bonginkosi Innocent Khumalo
- Version: 1.0
The indicator system does not repaint.
This indicator system is made to reduce the job of analyzing and to help those who can't or don't know how to draw trendlines.
Transit 2 Trendlines draws only two important trendlines, support and resistance.
The diagonal support is drawn in red color .
The diagonal resistance is drawn in green color.
Note this are very important trendlines which can easily be traded with the classic strategy of trendlines, breakout and retest.
The Transit 2 Trendlines will draw pattens selected like the triangles, flags and more.
It is used for analyzing only, it does not proved signals or alert.
- Channel length , is the trendlines length in number of bars.
- Channel peak/valley is the steepness of the trendlines.
Thank you for this great indicator.