JET Trendlines and Breaks
- Indicators
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JETINVEST
Jet Invest develops indicators and trading tools for MetaTrader 4 and 5: order flow, volume, market structure and market overview panels for B3 (WIN, WDO and Brazilian stocks), US indices and forex. - Version: 1.0
Automatic trendlines and their breaks, on your MetaTrader 5 chart.
JET Trendlines and Breaks draws trendlines automatically from the tops and bottoms of the chart: a falling resistance line from each confirmed top and a rising support line from each confirmed bottom. When a bar closes beyond a line, a mark appears on that bar: a green arrow for a break up, a red arrow for a break down.
How the lines appear. A top or bottom is confirmed only after a set number of bars has closed on its right side (Pivot strength, 10 by default). The line appears at that moment: the part between the top or bottom and the confirmation is drawn afterwards and is shown dotted, a small dot marks the confirmation bar, and from there on the line is solid. You can also choose to draw the lines only from the confirmation bar.
Breaks are evaluated on the closed bar and do not repaint: once a mark appears, it never moves or disappears. It is an indicator only: it never opens, closes or changes orders.
What you see
- Resistance lines (red) from confirmed tops and support lines (green) from confirmed bottoms. One active line of each kind at a time; it is replaced when a newer top or bottom is confirmed.
- Break marks on the closed bar: green arrow below the bar for a break up, red arrow above the bar for a break down. Each line is broken only once.
- Dotted part before the confirmation, a dot on the confirmation bar and a solid line after it.
- Signal filter on Normal; the 3 newest lines of each kind stay on the chart.
- Editable pivot strength, steepness, colors and line width.
- Works on any symbol and timeframe, with any broker.
Not in the free version
- No alerts of any kind (popup, sound, push notification or e-mail).
- Data for Experts: PRO version.
Want more?
JET Trendlines and Breaks PRO adds: signal filter Off / Normal / Strong; line angle by Volatility, Dispersion or Two pivots; up to 50 lines of each kind and dashed continuation of broken lines; calculation on a higher timeframe; panel with 4 timeframes; dark and light panel themes; alerts by popup, sound, push notification and e-mail; data for Experts.
Full version: JET Trendlines and Breaks PRO
Trading involves risk of loss. A trendline break is a reading of past prices, not a forecast: price can return inside the line after a break. The indicator does not guarantee results.
