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Automatic Trendlines

The indicator draws trendlines on chart. This indicator has six inputs. User can specify alternative labels for both lines. If multiple instances of the indicator are used, the labels must differ. User can set width and color of the lines and depth which specifies what significant peaks should be used. For example, Depth=10 sets trendlines using the current peaks and valleys that have at least 10 bars to the right and to the left and that have highs/lows less/greater than the peak's high/low. Indicator also paints previous peaks and valleys.

2017.01.31 07:00 

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Version 1.10 - 2015.02.20
1. Fixed typos in the description.
2. Input labels changed to represent their use more clearly.
3. Trendlines are now removed smoothly immediately after the indicator is removed from the chart.
4. Implemented icon so as to distinguish it from other MQL5 programs.