Trendline Rejection Arrow With Stoch Confirmation
- Indicators
- Version: 1.20
- Activations: 5
Trendline Bounce Arrow With Stochastic Confirmation.
Trendline Bounce & Stochastic Scanner Pro is an advanced multi-timeframe indicator designed to detect high-probability reversal and continuation setups. By combining automated ZigZag swing point detection, extended trendline projections, and Stochastic momentum confirmation, this tool removes subjective bias from your technical analysis.
Equipped with a real-time multi-pair dashboard, push notifications, and customizable sub-window integration, this indicator scans the market 24/7 so you never miss a trade setup across Forex, Gold (XAUUSD), Indices, and Crypto.
Key Features
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Automated Trendline Engine: Identifies key ZigZag swing highs and lows to draw dynamic support and resistance lines automatically.
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Stochastic Momentum Confirmation: Triggers signals only when price touches the trendline while the Stochastic oscillator is in Overbought or Oversold territory.
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Extended Trendline Rays: Built-in toggle to extend trendlines into future price action for visual clarity.
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Multi-Pair Dashboard: Monitor your favorite instruments simultaneously from a single clean screen overlay.
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Sub-Window Precision: Indicator buffers and arrows plot in separate sub-windows to keep your main price chart clutter-free.
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Real-Time Notification Suite: Get instant alerts via MT4 Popup Terminal, Push Notifications to Mobile, and Email.
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On-Screen Interactive Toggle: Hide or reveal indicator visuals instantly with an integrated ON/OFF chart button.
How the Strategy Works
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Trend Identification: The indicator locates major structural swing points using a refined ZigZag algorithm.
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Line Projection: Dynamic trendlines are drawn and extended forward.
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Confluence Trigger:
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BUY Setup: Price touches an ascending support line while Stochastic %K/%D is Oversold ($\le 20$).
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SELL Setup: Price touches a descending resistance line while Stochastic %K/%D is Overbought ($\ge 80$).
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Signal Dispatch: Real-time signal arrows generate on the chart and push directly to your mobile phone.
Input Parameters
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ZigZag Settings: Depth , Deviation , Backstep (Controls swing point sensitivity).
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Projection Settings: Max Projection Length in Bars , Touch Tolerance (In Points/Pips).
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Stochastic Settings: %K Period , %D Period , Slowing , Overbought Level , Oversold Level .
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Dashboard Settings: Display Multi-Pair Dashboard , Pairs List (Comma-separated list), X/Y Offsets .
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Visual & Alert Settings: Line Colors, Extend Trendline Right (Ray) , Popup/Push/Email Alert toggles.
Recommended Trading Pairs & Timeframes
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Best Timeframes: M15, H1, H4, D1
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Assets: Major Forex Pairs (EURUSD, GBPUSD, USDJPY), Gold (XAUUSD), US Indices (US30, NAS100)
Author Recommendations & Tips
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Try Before You Buy: Download the free strategy tester demo to backtest setups on your preferred pairs.
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Confluence is Key: Works exceptionally well when combined with higher-timeframe trend direction or key market structure levels.
