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BarLineBreak AM

The indicator detects the current trend using the following definition:

A trend is a market situation when each subsequent peak is higher/lower than the previous one, as well as each subsequent bottom is higher/lower than the previous one.

Exceeding all previous peaks/bottoms on the specified amount of bars by the current peak/bottom is considered to be a beginning of a new trend.

The indicator paints bars according to an identified trend.


Settings

  • Lines_Break - number of bars used for detecting a trend.

The indicator does not repaint.

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FX Trend
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You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend   displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
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Rodrigo da Silva Boa
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Rodrigo da Silva Boa 2015.12.29 02:40 
 

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Version 2.2 2016.05.19
Improved the indicator accuracy when both high and low of a new bar move beyond high and low of a specified period.
Version 2.1 2016.04.21
Fixed the error with the indicator rendering.
Version 2.0 2016.04.18
Addeed the check for the validity of the entered indicator settings.
Version 1.2 2015.11.18
Fixed the indicator calculation in case of successive equal bar Highs and Lows.
Version 1.1 2015.11.11
Revised indicator calculation algorithm. The calculation principle is preserved.