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Trend lines by direction demo

TrendLines 


Automatically draw trend lines.

EURUSD/BTCUSD (Bitcoin) Demo version. The full version works on any currency pair.

This indicator automatically draws trend lines on your chart. 

The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart. 

If you are looking for other versions of this indicator, they are available below:


MetaTrader 4 Full version https://www.mql5.com/en/market/product/56924

MetaTrader 4 Demo version https://www.mql5.com/en/market/product/56752


MetaTrader 5 Full version https://www.mql5.com/en/market/product/57144

MetaTrader 5 Demo version https://www.mql5.com/en/market/product/57140


The demo versions now work with BTCUSD (Bitcoin) and EURUSD so you can try it out with crypto coins as well as regular fiat pairs.


Having multiple different trend lines helps us reduce the risk of a situation where we move between support and resistance in a time frame, unaware that support and resistance on a different time frame could take the market in the wrong direction. It also makes it easy to spot potential channels on the chart.


The indicator includes a built-in alerting system to warn when the price approaches or breaks a trend line. The indicator can send notifications to the terminal or your mobile phone.


The first set support and resistance lines are created by looking at the chart's first 50 bars. The second set is from 200 bars on the chart. The third is 400 with the final pair of trends lines made by analysing 600 bars.


Been able to see different trend lines at a glance makes it easier to manage your trade, making it more profitable and avoiding loss.


You can specify if you are looking for either an upward or downward trend for each set or allow the chart to decide on the best direction.


An on-screen window allows you to change the direction without having to reload the chart. It also provides feedback.


The indicator can automatically look for better lines with each new candle or for the lines to be fixed and never update (No redraw).



Looking for lines in a specific direction.

By default, the indicator will calculate the best direction for each trend line. If you are looking for trades in a specific direction, you can set this for each line. The indicator allows you to set different rules for each of the trend line pairs.

You can change the direction settings on screen as well as when the indicator is loaded. 


For each trend line you can set the following parameter:

Direction of trend?

 -> Best fit trend lines (Allow the indicator to decided)

 -> Look for upward trend lines

 -> Look for downward trend lines


Line colours.

The lines can have unique colours on the chart.


On screen interface.

There is an on-screen interface which can control the direction of the lines. 

Parameter : Should the interface appear?

-> Show the interface

-> Hide the interface (This is the default)


Avoiding irrelevant lines.

Sometimes the formula the indicator uses creates lines which could never hit.


Parameter : Avoid lines which are unlikely to be hit? 

 -> True (default)

 -> False - Use the original formula.

 

Stop extreme bars from affecting lines.

The indicator can ignore a percentage of bars which would otherwise invalidate the line. 


Parameter : Percentage of bad lines to allow (5 max)

-> A number between 0 (default) and 5.


Setting this to a value greater than zero will stop lines becoming invalid as soon as a bar breaks them. Instead, it will allow a number (percentage) of bars to break the resistance line before it becomes invalid.


Alerting system

The indicator will warn if you are approaching or have broken a trend line. You can have the alerts sent to either the MetaTrader or your mobile phone. To have it sent to your mobile phone, you will need the MetaTrader mobile phone app set up with your system. 


Parameter : Warn when the price approaches a line -> True/False

Parameter : Warn if a line is broken -> True/False

Parameter : Send alert to MetaTrader phone app -> True/False

Parameter : Send alert to MetaTrader terminal -> True/False


Automatically updating the lines.

Should the indicator look for better lines or display its initial lines (no redraw).

Parameter :  Automatically look for new lines -> True/False



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CURRENTLY 26% OFF !!   This indicator is a super combination of both our main indicators ( Advanced Currency Strength 28 and Advanced Currency IMPULSE with ALERT ). It shows Currency Strength values for TICK-UNITS and alert signals for 28 Forex pairs. 11 different Tick-Units can be used. Those are 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, and 30 Seconds. The Tick-Unit bar in the sub-window will be shown and shifted to the left when there is at least 1 tick within the second’s timer.  With only ONE
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This is the FXTraderariel-Indicator . It scans the market for opportunities and creates a buy or sell signal. Depending on the settings and trading style, it can be used for scalping or long-term trading . The indicator can be used on every time frame , but we advise to use it on H1, H4 and D1 . Especially if you are a novice trader. Pro Traders can also you use it for scalping in smaller timeframes (M1, M5 and M15). This indicator is not a complete trading system. It doesn't give you exit point
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Nasdaq100 Power Indicator
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Teboho Edgar Rakotsoane
The NASDAQ 100 Power Indicator serves with TREND and trend reversals indication using automated arrows that indicates buy or sell at that price and has built-in signal provider across all time frames with alerts and provides also the automated support and resistance that can draw technical analysis patterns like double bottom, double top, head and shoulders etc using closing and open prices, in assistance for if a trader did not see the pattern sooner for their technical analysis. The indicator
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Blahtech Supply Demand
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Blahtech Limited
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
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FX Trend
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Daniel Stein
️️️️️ 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 Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long
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Lighthouse
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Daniel Stein
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 Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly broken, it changes its rol
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Advanced Dashboard for Currency Strength and Speed
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Bernhard Schweigert
CURRENTLY 20% OFF !!   Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch the entire market using a sin
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TPA True Price Action MT4 Indicator
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InvestSoft
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. The first part of the TPA manual "The Basics" is now available (free to g
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Bermaui Pin Bars
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Muhammad Elbermawi
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Stephen Bailey
TrendLines  Automatically draw trend lines. EURUSD/BTCUSD (Bitcoin) Demo version. The full version works on any currency pair. This indicator automatically draws trend lines on your chart.  The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.  If you are looking for other versions of this indicator, they are available below: MetaTrader 4 Full version  https://www.mql5.com/en/market/product/56924 MetaTrader 4 Demo version  https:
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TrendLines  Automatically draw trend lines. EURUSD/BTCUSD (Bitcoin) Demo version. The full version works on any currency pair. This indicator automatically draws trend lines on your chart.  The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.  If you are looking for other versions of this indicator, they are available below: MetaTrader 4 Full version  https://www.mql5.com/en/market/product/56924 MetaTrader 4 Demo version  https:
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Trend lines by direction MT5
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Stephen Bailey
TrendLines  Automatically draw trend lines. This indicator automatically draws trend lines on your chart.  The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.  If you are looking for other versions of this indicator, they are available below: MetaTrader 4 Full version  https://www.mql5.com/en/market/product/56924 MetaTrader 4 Demo version  https://www.mql5.com/en/market/product/56752 MetaTrader 5 Full version  https://www.mql
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Version 1.15 2021.04.07
v1.15 Added the symbol name to messages and alerts.
Version 1.14 2021.02.16
v1.14 Change to the demo version so that the indicator can be trialled with both EURUSD and BTCUSD.
Version 1.13 2021.02.10
v1.13 Can now be set to automatically look for new lines or stick with the line initially found (no redraw).
Version 1.12 2021.02.04
v1.12 Added an alert system. The indicator can now send a warning to the users terminal or phone (if you have the Metatrader app installed) when the price approaches and breaks the trend line.
Version 1.11 2021.01.09
v1.11 Allow for a percentage of bad bars to be ignored. Setting this to a value greater than zero will stop lines becoming invalid as soon as a bar breaks them. Instead, it will allow a number (percentage) of bars to break the resistance line before it becomes invalid.
Version 1.10 2021.01.01
v1.10 New parameter to improve the quality of the lines.

"Avoid lines which are unlikely to be hit?"

If set to true (default) the formula is less likely to select a line unlikely to be hit. Setting this to false will use the original formula.
Version 1.9 2020.12.14
v1.09 If it fails to find a line, it will retry its calculation, including the previous 100 bars. This will reduce the number of times which it fails to find a line.
Version 1.8 2020.12.07
v1.08 Changed line style to make it clearer which lines are paired with each other
Version 1.7 2020.11.26
v1.07 Added new mini-trend line for fine-tuning the trend
Version 1.6 2020.11.09
v1.06 New parameter to hide the interface.

When you select the inputs for the indicator, you can now specify if the interface appears.

The new parameter is:

"Should the interface appear?"

The options are:

"Show the interface"

"Hide the interface" (This is the default)
Version 1.5 2020.11.06
v1.05 Minor fix for extended lines.
Version 1.4 2020.11.05
v1.04 Extends lines into the future.
Version 1.3 2020.11.01
v1.03 Fixed a bug which could stop the screen updating.
Version 1.2 2020.11.01
Fixed radio buttons display at different resolutions.
Version 1.1 2020.10.27
v1.01 Minor bug fix.