Indicators: Demark Trendlines

[Automated-Trading]

Demark Trendlines:

Demark Trendlines from Demark Lines for Mt5

Author: rossforex

[Mustafa Nail Sertoglu]

THX for your good contribution, 

I made for some revisions for myself as stated below : 

input int    LevDP=2;         // Fractal Period or Levels Demark Point
input int    qSteps=1;        // Number  Trendlines per UpTrend or DownTrend
input int    BackStep=0;      // Number of Steps Back
input int    showBars=500;    // Bars Back To Draw
input int    Frac_Sign=194;   // Fractal Point Sign(orig:158) //added & revised 

input color  UpTrendColor       = clrAqua;       // revised for my eyes
input color  DownTrendColor     = clrYellow;  // revised for my eyes
input int    TrendlineWidth     = 2;
input ENUM_LINE_STYLE TrendlineStyle=STYLE_SOLID;
input string  UniqueID  = "TrendLINE"; // Indicator unique ID

...

int OnInit()
  {
   SetIndexBuffer(0,Buf1);
   ArraySetAsSeries(Buf1,true);
   SetIndexBuffer(1,Buf2);
   ArraySetAsSeries(Buf2,true);
   PlotIndexSetInteger(0,PLOT_ARROW,Frac_Sign);  // revised
   PlotIndexSetInteger(1,PLOT_ARROW,Frac_Sign); // revised

   return(INIT_SUCCEEDED);
  }

[rossforex]

nail sertoglu:

THX for your good contribution, I made for some revisions for myself as stated below : 

You're welcome. I always revise my indies too as you can see with this indicator .  The Trendlines in Demark indicator are better than any other automatic trend lines.

In Uptrend- high  to low.   red lines

In Downtrend- low to high. blue lines

Its good for breakouts in trending conditions.

I received a loss of 3 stars as soon as i posted.  I guess they didn't like my modification of Demark Lines below:

I dont use Channel line because you can break through in the opposite direction in wrong trend using it as support.

I dont use stop and take lines because I set these conditions myself.

I dont use Horizontal Line because I replaced it with this

https://www.mql5.com/en/code/17118  but I swapped the Lines for arrows and removed the Fill and added alerts.

Now it looks like this https://www.mql5.com/en/charts/11561183/usdjpy-h4-metaquotes-software-corp