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Lineverse Trendlines

Automatic trend lines, with push, email and sound alerts.

The line appearance (color, thickness, solid/dash type) exhibits their price interaction history and accounts for price rollback, breakout, rollback after a breakout, number of rollbacks, line expiration by double breakout.

The alerts inform a user about those events.

A user can edit the lines (correct, drag or delete) and interactively tune the line system parameters without disabling the indicator.

For full-scale experience with the indicator, the introductory 5-minute video is recommended https://youtu.be/4AVcrPSgfZE.

The Price Interaction Events Definition

  • Rollback: the price has rolled back from the line
  • Breakout: the price has broken through the line
  • Rollback after breakout: after a breakout, the price has retraced back to the line and then rolled back again in the original breakout direction
  • Double breakout: the price has broken through the line in one direction, then, after a while, it has broken through the line in the opposite direction. This line is then considered as "expired".

The video illustrates these definitions in much greater detail.

For setting alerts, see the video, https://youtu.be/EJUo9pYiHFA?t=1m27s

Indicator Parameters

Each line is defined by two reference points (="pins") it passes through.


  • Trendline pins based on
    • HIGH&LOW: pins are situated at either High or Low of a bar
    • OPEN&CLOSE: pins are situated at either Open or Close location of a bar
  • Min bars to the left from a left pin - the minimum offset to the left from the left pin, before the line crosses the price graph, in bars
  • Min bars to the right from a right pin - the minimum offset to the right from the right pin, before the line crosses the price graph, in bars
  • Min bars between pins - the minimum distance between the left and the right pin, in bars
  • Maximum number of lines - the maximum number of lines on the chart

The last 4 parameters can be adjusted using the menu in the bottom left corner (see the video).


When the indicator is initialized, the initial trend line system is built. It is possible to adjust the initial search range for the pins with 2 parameters below:

  • maximal offset for right pins, in bars - the maximum offset from the left edge of the window for the right pin, in bars
  • extra offset for left pins, in bars - offset from the left edge of the chart to the left pin, in bars

2 vertical dashed control lines allow adjusting these parameters after the indicator launch: left pins can only appear to the right of the left control line, and right pins can only appear to the right of the right control line. The control lines are interactive, they can be dragged to the left/right thereby filtering and tuning the trend line system. See an example in the video https://youtu.be/wmDOj3Ouoig


  • Refine left pins - true: if several lines share the same left pin, only the top and the bottom ones will be displayed
  • Refine right pins - true: if several lines share the same right pin, only the top and bottom ones will be displayed
  • Clear expired lines - true: the expired lines will be deleted


  • Thickness ~number of bounces/retraces(up to 4) - true: if the price has rolled back from the line, the line thickness is increased. The thickness adjustment stops after 4 rollbacks
  • New Line Color - the color of the new trend lines
  • Bounce Line Color - the line color after the first price rollback
  • Broken Line Color - the line color after the first price breakout
  • Retrace Line Color - the color of the lines which had rollback after breakout
  • Edit Box Color - the color of the corner menu
  • Edit Box Level - distance between the lower boundary of the corner menu edit box and the chart bottom edge, in pixels
  • Edit Box Zoom Factor - scale factor for the corner menu, e.g. 1, 2, 3.2
  • Draw Right Vertical Line – true: display a vertical dashed line marking the bar of indicator launch
  • Draw trendlines as rays -true: draw trendlines up to the right edge of the chart
  • Sound alert file – sound alert file name
  • Language: English, Russian.
  • Relaunch upon history update- true: the indicator restarts every time the past quotes history is updated.
  • Show only tested lines: true – the lines are shown on the chart only after at least one price interaction event happens (rollback, breakout).
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CURRENTLY 39% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs . Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify an
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FX Power
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⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe
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The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
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FX Volume
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⭐⭐⭐⭐⭐ Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this indicator can be explained in the next steps: Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %). If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low. High volatility means a great probability for a trending market, whi
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True Direction Oscillator
Muhammad Elbermawi
Or (TDO) ⭐⭐⭐⭐⭐   which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" gives higher readings for ascending price movements than that given to descending ones. TDO fixes this problem to help traders at
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RSI Divergence Alert Simple
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leapatenio 2018.05.15 21:12 

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Kristmundur Roman Zakharii
Kristmundur Roman Zakharii 2018.05.16 18:10 

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Version 1.23 2018.03.14
A new option added: draw all lines as rays.
Version 1.22 2017.11.07
Bugfix for version 1.2, the new line color is now applied correctly
Version 1.21 2016.02.16
a minor bugfix for v 1.2 (correct line display)
Version 1.2 2016.02.15
The "Display only tested lines" option added.
Version 1.1 2014.07.14
- Improved indicator loading upon timeframe change.
- Added an option to relaunch indicator upon history update.