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Demark Trend Lines several time frames

The indicator draws trend lines based on Thomas Demark algorithm.

It draws lines from different timeframes on one chart. The timeframes can be higher than or equal to the timeframe of the chart, on which the indicator is used.

The indicator considers breakthrough qualifiers (if the conditions are met, an additional symbol appears in the place of the breakthrough) and draws approximate targets (target line above/below the current prices) according to Demark algorithm.

Recommended timeframes for trading are D1+H1.

Trend lines for other timeframes may provide additional information for assessing the market situation.

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Simply drop the indicator to the graph and support and resistance levels will be shown automatically! The indicator for automatic drawing of support and resistance levels based on THREE points. Identified points are marked on the chart Indicator shows break through price for both bullish and bearish trends (if found) You can specify on how many bars the indicator shall look in order to identify supporting points. In addition, you can select on which time frame the indicator will work. That means
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This indicator calculates and displays Murrey Math Lines on the chart.  The differences from the free version: It allows you to plot up to 4 octaves, inclusive (this restriction has to do with the limit imposed on the number of indicator buffers in МТ4), using data from different time frames, which enables you to assess the correlation between trends and investment horizons of different lengths. It produces the results on historical data. A publicly available free version with modifications intr
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Version 1.1 2022.02.04
Перекомпилирован под версию терминала 1353 от 16.12.2021