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Trendik

Trend detecting indicator that draws a blue support line when the market grows and a red resistance line when the market falls. Works on a\ll currency pairs and timeframes. 

The main advantage of this indicator is drawing support and resistance lines from a higher timeframe that can be used for placing stop loss.

Input Parameters Description:

  • HeadHour - in case you need to draw a higher timeframe.
  • StarTime - sets the higher timeframe.
  • BarIstiri - calculated bars.
  • BarPeriod - the number of bars for drawing.
  • alert - sound alert about trend change.
  • Reiterative - the number of repeated sound alerts about trend change.
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