• Overview
  • Reviews (4)
  • Comments (1)

Multi Trendlines

4.75

The Multi Trendlines indicator automatically draws the dominant trendlines on the current chart.

The indicator looks for the 5 best Up trends and the 5 best Down trends as at the current price, drawing each trendline if filter conditions are met.

The trendlines are named "Trendline"+[Direction]+Symbol()+TrendlineSequenceNumber

For example:

The second Up trendline on a EURUSD chart would be named "TrendlineUpEURUSD2". To get its current value would be: ObjectGet("TrendlineUpEURUSD2",OBJPROP_PRICE2)

The first Down trendline on a USDJPY chart would be named "TrendlineDownUSDJPY1". To get its current value would be: ObjectGet("TrendlineDownUSDJPY1",OBJPROP_PRICE2)

Potential EA use:

Trade bounce-back or break-out when the price is within material range of a trendline. Note that a trendline clears and recalculates if the price breaks through the trendline, so the EA would need to trigger a signal before the trendline level is crossed by the current price.


Reviews 4
Salami Olafunmishe
38
Salami Olafunmishe 2022.10.04 17:25 
 

Very handy and purposely good

Luis Munoz
92
Luis Munoz 2022.08.03 03:43 
 

Really Good Work. Thank You

Mihai Paul
28
Mihai Paul 2022.03.28 11:17 
 

Simple. Good.

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Salami Olafunmishe
38
Salami Olafunmishe 2022.10.04 17:25 
 

Very handy and purposely good

Luis Munoz
92
Luis Munoz 2022.08.03 03:43 
 

Really Good Work. Thank You

John Winsome Munar
3810
John Winsome Munar 2022.06.21 04:01 
 

Good work

Mihai Paul
28
Mihai Paul 2022.03.28 11:17 
 

Simple. Good.

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