Trendlines Indicator needed

Hi guys,

I need an indicator that will plot trend lines with the following conditions.

Trend line to down or downtrend, plotted on lower highs:

1. Scan through X (adjustable parameter input) previous bars and plot a trend line through 3 or more touches.

2. The touch points should be a range of pips from the peak of the high adjustable parameter input, to allow for a more or less precise trend line drawing.

3. Trend lines step: adjustable parameter input for how many trend lines to plot from the past.

4. Adjustable parameter input for trend stop at the last touch or plot it as a ray.

5. Sound an alarm when the trend line is plotted, when the bar for the last touch (minimum 3 touch) is closing down.

6. Trend lines colors, weight and type of the lines to be adjustable.

7. The alarm can be a custom loaded sound file or if that is not possible just the MT4 notification with a comment like: “Bounce from downtrend” or something like that.

8. Alert (Yes/No adjustable parameter input) only if the bar for the last touch closes below (for downtrend) and above (for uptrend) the Y period EMA (Y adjustable parameter input).

9. The indicator needs to be light on the processor to be able to use it on slow vps. 

Trend line to up (uptrend) to be plotted on higher lows and the same parameters like the downtrend line.

I uploaded a print screen for information,  the numbers and circles not needed.

I want to use it on renko bars created by ovo.cz, on MT4.

Sergey, I'm still chewing on the logic of my trend line. Give me until monday-tuesday and I will have the final requirements and we can discuss what and how is possible.

Thank you,

Dumitru