• Overview
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Flow Of Lines

5

Flow Of Lines

The indicator calculates and shows on a symbol chart trend channels, as well as the price movement channels, each of which corresponds to its specific timeframe. This method provides easy analysis of long- and short-term trend movement dynamics.

In addition to all of the above, the indicator displays breakouts and the presence of a strong trend in the digital format (on the right top of the table). The lines that serve as the channel borders, can be at the same time used as certain price levels and support/resistance levels. This feature provides the ability to use them to trade pending orders and trade using support/resistance levels.


Key features

  • Automatically draws all trends in all timeframes and currency pairs;
  • Possibility to trade based on the support/resistance levels;
  • Possibility to trade breakouts;
  • Trend following trading;
  • Counter-trend trading;
  • Fast market analysis;
  • Shows channel borders for easy setup of support/resistance levels;
  • It is extremely useful for both novice and experienced traders.


Indicator Parameters

Number of bars to draw on a chart (default values):

  • Bars M1 = 7;
  • Bars M5 = 7;
  • Bars M15 = 7;
  • Bars M30 = 7;
  • Bars H1 = 7;
  • Bars H4 = 7;
  • Bars D1 = 7;
  • Bars W1 = 7;
  • Bars MN = 7.

Number of waves to analyze using ZigZag (default values):

  • W Z-Z M1 = 3;
  • W Z-Z M5 = 3;
  • W Z-Z M15 = 3;
  • W Z-Z M30 = 3;
  • W Z-Z H1 = 3;
  • W Z-Z H4 = 3;
  • W Z-Z D1 = 3;
  • W Z-Z W1 = 3;
  • W Z-Z MN = 3.
  • Common waves = 0 - the number of waves for the analysis on ALL timeframes using the ZigZag indicator (to be added to other wave parameters).

Trend line colors, timeframe (default colors):

  • Color M1 = Green;
  • Color M5 = Orange;
  • Color M15 = MediumBlue;
  • Color M30 = Brown;
  • Color H1 = Red;
  • Color H4 = Yellow;
  • Color D1 = DeepSkyBlue;
  • Color W1 = BlueViolet;
  • Color MN = Orange.

You also have some customization options:

  • % of half the channel of the additional line = 0.0 - % of additional lines between average trend lines;
  • Output zig-zag to the screen = true - enable/disable the ZigZag indicator;
  • Display comments on the screen №1 = true - show/hide trend breakout and trend existence comments;
  • Display comments on the screen №2 = true - show/hide comments at the bottom right of the screen;
  • Trend with a small timeframe show = true - remove/do not remove from the current chart the trends of timeframes lower than the current one (e.g. on H1 trends of M1, M5, M15, M30 will not be shown);
  • Show monthly trend everywhere = true - show/hide monthly trend lines on lower timeframes.

Reviews 1
Joshua Mangold
412
Joshua Mangold 2017.10.17 15:07 
 

Thanks for the update, been using it recently and is more helpful now. Would recommend.

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The FX Scientific Scalper is a fully aitomated trading system for efficient scalping trading in the Forex market. The Expert Advisor uses a number of mathematical calculations for position opening. Does not use martingale. Does not use aggressive trading. Does not accumulate drawdown. The Expert Advisor trades smoothly and gradually increases its capacity. Its priority is saving the deposit. This significantly increases the chances of successful trading and minimizes risk. The robot can calculat
CutTheTrend FX
Roman Vashchilin
CutTheTrend FX is an automated trading Expert Advisor, which does not use indicators, because the analysis of history often leads to incorrect decisions in the future. The Expert Advisor analyses the current market situation based on Price Action and opens a position according to these calculations. It opens one position, but, if necessary, can apply grid algorithms to maintain positive operation. Also the EA is equipped with protective techniques, such as Trailing stop and Risk Blocking (see th
Waves Of Fibonacci
Roman Vashchilin
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The principle of the indicator operation lies in the analysis of the currency pair history and determining the beginning and the end of the "power" driving the current trend. It also determines the Fibonacci levels in the main window. The indicator also shows how long ago the local Highs and Lows have been reached. How to Use Waves in the subwindow show the strength and the stage of the trend movement. That is, if the waves only start rising, then the trend is in the initial stage. If the wave
Smooth Patterns
Roman Vashchilin
Trading patterns on Forex is considered to be the highest level of trading, since it usually requires years of mastering various patterns (shapes and candle combinations) and the ways they affect the price. Patterns are different combinations of Japanese candles on a chart, shapes of classical technical analysis, as well as any regularities of the market behavior repeating many times under the same conditions. After the patterns appear on a chart, the price starts behaving in a certain way allow
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Joshua Mangold
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Joshua Mangold 2017.10.17 15:07 
 

Thanks for the update, been using it recently and is more helpful now. Would recommend.

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Version 1.1 2020.04.06
1.1 version
The product code for the new build has been changed, this has a positive effect on the speed of work and the construction of channels.