Market / MetaTrader 4 / Indicators /

Multi Trendlines

FREE

Published: 22 July 2019

Current version: 1.1

Multi Trendlines

Indicators
Robert Walker
Robert Walker
Wiberty

United Kingdom

2207
5 (7)
2 products
Version: 1.1

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.

more...

168

fijazm 2025.01.15 10:21 #

Useful.

sukha2425 2023.06.08 22:47 #

Perfecto

223

Francisco Garcia 2022.12.17 18:22 #

muy práctico, gran trabajo.

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Filter:

168

fijazm 2025.01.15 10:21 #

Useful.

1503

xlxAxlx 2024.11.13 17:27 #

User didn't leave any comment to the rating

119

Benkele Goitsemodimo 2024.04.19 17:04 #

bravooooo

sukha2425 2023.06.08 22:47 #

Perfecto

223

Francisco Garcia 2022.12.17 18:22 #

muy práctico, gran trabajo.

Salami Olafunmishe 2022.10.04 17:25 #

Very handy and purposely good

Luis Munoz 2022.08.03 03:43 #

Really Good Work. Thank You

3471

John Winsome Munar 2022.06.21 04:01 #

User didn't leave any comment to the rating

Mihai Paul 2022.03.28 11:17 #

Simple. Good.

Multi Trendlines

Robert Walker