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Trend lines by direction demo

1

TrendLines 


Automatically draw trend lines.

EURUSD/BTCUSD (Bitcoin) 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:


This 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


Send an alert when a new trend line forms.

Should the user be alerted when a trend line changes?

Parameter:  Send alert when a new trend line forms -> True/False


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Quasimodo Indicator QM MT4 ADVANCE PRICE ACTION TRADING CONCEPT. To test the indicator, you can download the demo version , it’s free (only shows patterns that have occurred in the past of the market) Quasimodo is  a reversal trading pattern  that appears at the end of an uptrend. As a price formation, the Quasimodo pattern is depicted by three peaks and two valleys, where: First, the middle peak is the highest, while the outside two peaks are of the same height. One of the advantages of the Qu
49 USD
PipFinite Volume Critical
Karlo Wilson Vendiola
4.59 (27)
Volume Gives Depth To Price Action! Volume Critical can accurately locate the cheapest areas to place trades. Enter reversals as early as possible to get the best Risk Reward setups! Features Aggressive algorithm that anticipates reversals Volume Classifications Gray Histograms - Normal Volume, average market activity Orange Histogram - Trending Volume, increased market activity Pink Histograms - Overbought Volume, we can wait for further confirmation to sell Blue Histograms - Oversold Condit
88 USD
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
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Automated Trendlines
Georgios Kalomoiropoulos
5 (10)
Trendlines  are the most essential tool of technical analysis in forex trading.  Unfortunately, most  traders don’t draw them correctly. Automated Trendlines indicator is a professional tool for serious traders that help you visualize the trending movement of the markets . There are two types of Trendlines Bullish Trendlines and Bearish Trendlines. In the uptrend, Forex trend line is drawn through the lowest swing-points of the price move. Connecting at least two "lowest lows" will create a
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Bermaui Deviation Percent
Muhammad Elbermawi
4.93 (117)
Or ( BD% ) which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent. You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to compare volatility between different securities in different markets in terms of percent rather than points. HOW TO USE "BD%" I
50 USD
More from author
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. 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
50 USD
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: 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 differe
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dolner
96
dolner 2021.05.11 03:58 
 

Oh.... Re-painter, this indicator is a Re-painter indicator

Stephen Bailey
5259
Reply from developer Stephen Bailey 2021.05.11 09:14
Hi The indicator can work in two different ways using the parameter: Automatically look for new lines -> True/False If you set this to true (the default), it will keep looking for better lines and replace the lines (repaint) whenever it does. If set to false it won't replace the lines even if the line is broken.
Reply to review
Version 1.17 2022.03.29
v1.17 A new parameter, when set to true the indicator will alert when a new line is forming.
Version 1.16 2021.12.27
v1.16 Minor bug fix
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.