Trend Line Finder MT5

5

Trend Line Finder will project forward a support and resistance lines using 2 previous highs for resistance and 2 previous lows for support.  It will then signal to the trader by alert making the trader more aware that a possible good move is about to happen.    

This is not a stand-alone trading system but is very useful in finding key areas of support resistance levels where price will usually either rebound from or breakthrough. Its down to the trader to decide what to do with use of other systems.

Trading is all about buying and selling at the right time. Trend Line Finder will help the trader be more on top of this by making the trader more on top and alerted to key areas of market price.        

Features :

  • A way of recognising support and resistance levels
  • Be ontop of good moves before they happen 
  • Send alerts to either your PC, eMail or mobile device
  • Works on any timeframe
  • No repainting or other such exagirated claims   
  • Choose your favourite line and signal arrow color

Settings : 

Line Settings

  • Lookback - The number of bars we search highest or lowest moving back from current.
  • Distance - As we search back through bars from Lookback this is how many bars we look for our highest or lowest.  
  • Thickness Of Line - When Bid passes through line it must be within x points above and below the line for a signal to be made.     

Graphical Object Settings

  • Line Color - Color of line   
  • Line Size - Thickness of line 
  • Buy Arrow Color - Color of buy arrow   
  • Sell Arrow Color - Color of buy arrow    

Line Direction

  • Resistance Up - If true we allow signal when the resistance line is up.
  • Resistance Down - If true we allow signal when the resistance line is down.
  • Support Up - If true we allow signal when the support line is up.
  • Support Down - If true we allow signal when the support line is down.



Reviews 3
Agbakeleke Idowu
719
Agbakeleke Idowu 2022.07.24 18:58 
 

Thank you for your indicator, I bought it few weeks ago. I have some questions I don't really understand. There are some of the notifications being sent from the indicator I don't really get well...it will be good if you help to explain For example: What does downward resistance means? What does upward support means? And many other terms of notifications being sent by your indicator will really appreciate a quick response. Thank you.

Makarios Quantum Trader
2929
Makarios Quantum Trader 2021.09.14 16:25 
 

my second product from Stephen , u will be so comfortable to deal with proficient people same with Stephen . Thanks for the great job and amazing service

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Indicators
Matrix Arrow Indicator MT5  is a unique 10 in 1 trend following   100% non-repainting  multi-timeframe indicator that can be used on all symbols/instruments:   forex,   commodities,   cryptocurrencies,   indices,   stocks .  Matrix Arrow Indicator MT5  will determine the current trend at its early stages, gathering information and data from up to 10 standard indicators, which are: Average Directional Movement Index (ADX) Commodity Channel Index (CCI) Classic Heiken Ashi candles Moving Average
Golden PainX and GainX Spike Indicator
Edmore Masina
Indicators
The Golden PainX and GainX Spike Indicator is a cutting-edge, AI-powered trading tool engineered exclusively for the synthetic indices market. It masterfully combines proprietary spike detection algorithms and real-time price action analysis to generate high-probability, non-repainting trade signals with exceptional accuracy. Important( Use only on  PainX 400and GainX 400 (M1 one minute timeframe) Identifies high-probability spikes with non-repainting buy/sell arrows. Automatically sets profit t
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Elliots Triangle
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Elliot's Triangle is taken from 1 of the 13 patterns within the Elliot Wave Theory that says social or crowd behaviour tends to reverse in recognisable patterns and of which they reveal a structural pattern that appears in nature, as well as the mass psychology of trading participants. From this, he has devised various identifiable patterns that appear in market prices. One of these is what I have named Elliot's Triangle. This triangular pattern appears to reflect a balance of forces, causing
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With Break Even Trader placed onto your chart, it will automatically place the stop loss and take profit levels when you open a buy or sell order. And when you are in profit by the amount defined in user settings, it will automatically move your stop loss to that break even level, thereby protecting your trade from a loss. Features : Simple to trade with you just enter your trade it will place the stop loss and take profit as input in user inputs. Sends you an alert when your trade is in profit
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Zig Zag 123 tells us when a reversal or continuation is more likely by looking at the shift in supply and demand. When this happens a signature pattern appears known as 123 (also known ABC) will often break out in direction of higher low or lower high. Stop loss and take profit levels have been added. There is a panel that shows the overall performance of your trades for if you was to use these stop loss and take profit levels.  We get alerted if a pattern 123 appears and also if the price re
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The 3 Bar Break
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Three Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the 1st bar's High is less than the 3rd bar's High as well as the 1st bar's Low to be higher than the 3rd bar's Low. This then predicts the market might breakout to new levels within 2-3 of the next coming bars. It should be used mainly on the daily chart to help spot potential moves in the coming days. Features : A simple meth
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Stephen Reynolds
5 (5)
Indicators
Three Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the 1st bar's High is less than the 3rd bar's High as well as the 1st bar's Low to be higher than the 3rd bar's Low. This then predicts the market might breakout to new levels within 2-3 of the next coming bars. It should be used mainly on the daily chart to help spot potential moves in the coming days. Features : A simple metho
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Three Bar Break Free MT5
Stephen Reynolds
Experts
DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
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Candlestick Oscillator
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Candlestick Oscillator is a truly unique Oscillator that uses the concepts of within candlestick trading called the Record Session High. This is a method of analysing candlesticks to gauge when a trend might be wearing out and therefore ready for reversal or pause. We call it a record session high when we get 8 or more previous candles that have higher closes. We call it a record session low when we get 8 or more previous candles that have lower closes.  We don't rely on the typical Oscillation
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Stephen Reynolds
Experts
DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
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Stephen Reynolds
4.5 (2)
Experts
DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
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4 (1)
Indicators
Bollinger Breakout Trader tells the trader when the market is about to breakout from a non-volatile period. Non volatility usually means its building up steam for more good moves in future. A signal is formed when this switch from non-volatile to volatile occurs. These periods are measured by both Bollinger Bands and Keltner Channels. Bollinger Bands measure the standard deviation of price from the Moving Average which results in an expanding and contracting channel. Keltner Channels are based o
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4 (1)
Indicators
Break It Down is based on the Directional Movement Index and tells the trader when a market trend probably maxed out and ready to fall back. This pattern is more predictable when we apply this system only when the market is rallying but within a trading range. Because traders Sell off in fear the market often moves faster when declining! When this happens, good moves can occur. As traders are no longer interested in the trend, the volume will decline and the price will usually fall back on itsel
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Stephen Reynolds
4 (1)
Experts
This EA exploits the inevitable behaviour of price fluctuations and breakouts. Because market prices will always fluctuate to higher highs before ebbing down to lower lows, breakouts of these levels will occur.   This EA will open a trade in anticipation of catching some of the profits from these breakout moves. We use the fixed exit methods of Stop Loss, Take Profit and Trailing Stop in such a way so that we will scalp small but consistent profits.  No martingales needed, just a simple but ex
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Stephen Reynolds
Indicators
Volume Analysis Trader looks at volume using a fixed average of volume. This averaging helps spot when volume is rising or declining. Also I have added volume spikes which are when volume suddenly is above the average. These help spot market reversals. This will hep a trader look for the following in their trading: Rising volume during a rally shows trend is strong. Falling volume on a rally shows trend is weakening. As a rule of thumb on daily charts if current volume is higher than yesterday's
The Hi Lo Breakout
Stephen Reynolds
Indicators
The Hi Lo Breakout is taken from the concept of the ZZ Scalper EA which exploits the inevitable behaviour of price fluctuations and breakouts.  The fact that because market prices will always fluctuate to higher highs before ebbing down to lower lows, breakouts will occur. But here I've added a few more filters which I see work well also as an Indicator.    Range Analysis :    When price is within a tight range this Indicator will be able to spot this and only then look for price breaks. You
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5 (1)
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Trend Line Finder will project forward a support and resistance lines using 2 previous highs for resistance and 2 previous lows for support.  It will then signal to the trader by alert making the trader more aware that a possible good move is about to happen.     This is not a stand-alone trading system but is very useful in finding key areas of support resistance levels where price will usually either rebound from or breakthrough. Its down to the trader to decide what to do with use of other s
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Utilities
Stop Reversal & Re Entry is a varied way to exit trades and manage your losses.  I all in have made it into a 4 option utility of stop reversal, re entry with break even and partial close features for good measure.  These 4 systems are : Stop Reversal : When true will place an opposite pending order exactly where the stop level is on your current trade. In the possibility of your trade being wrong it will get you in again in the opposite direction. Ive added a Only Recover Loss feature that
The Hi Lo Breakout MT5
Stephen Reynolds
Indicators
The Hi Lo Breakout is taken from the concept of the ZZ Scalper EA which exploits the inevitable behaviour of price fluctuations and breakouts.  The fact that because market prices will always fluctuate to higher highs before ebbing down to lower lows, breakouts will occur. But here I've added a few more filters which I see work well also as an Indicator.    Range Analysis :    When price is within a tight range this Indicator will be able to spot this and only then look for price breaks. You
Bollinger Breakout Trader MT5
Stephen Reynolds
Indicators
Bollinger Breakout Trader tells the trader when the market is about to breakout from a non-volatile period. Non volatility usually means its building up steam for more good moves in future. A signal is formed when this switch from non-volatile to volatile occurs. These periods are measured by both Bollinger Bands and Keltner Channels. Bollinger Bands measure the standard deviation of price from the Moving Average which results in an expanding and contracting channel. Keltner Channels are based
Volume Analysis Trader MT5
Stephen Reynolds
Indicators
Volume Analysis Trader looks at volume using a fixed average of volume. This averaging helps spot when volume is rising or declining. Also I have added volume spikes which are when volume suddenly is above the average. These help spot market reversals. This will hep a trader look for the following in their trading: Rising volume during a rally shows trend is strong. Falling volume on a rally shows trend is weakening. As a rule of thumb on daily charts if current volume is higher than yesterda
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Mohit Verma
249
Mohit Verma 2023.04.29 06:26 
 

User didn't leave any comment to the rating

Stephen Reynolds
44340
Reply from developer Stephen Reynolds 2023.04.29 11:38
Hi, Ive made it so it alerts when price reaches the support or resistance lines. It wont give a direct buy or sell signal yet. These are points when price usually moves and moves well so its great for giving the trader a heads up. Its something i plan on doing in future as i would like it also as an EA but that's a later on project. Thanks Happy trading!
Agbakeleke Idowu
719
Agbakeleke Idowu 2022.07.24 18:58 
 

Thank you for your indicator, I bought it few weeks ago. I have some questions I don't really understand. There are some of the notifications being sent from the indicator I don't really get well...it will be good if you help to explain For example: What does downward resistance means? What does upward support means? And many other terms of notifications being sent by your indicator will really appreciate a quick response. Thank you.

Stephen Reynolds
44340
Reply from developer Stephen Reynolds 2022.07.24 20:55
Hi, Agbele sorry for your miss understanding In trendline based trading the upper line is a resistance line and the lower line is a support line If we select Resistance Up as true then when the price is near the upper line and this line is in an upward direction the signal will be made and be displayed as "Upper Resistance" Likewise if we select Resistance Down as true then if the price is near this resistance line and its heading downward it will signal as "Downward Resistance" For example you can use inputs in such a way so as to suit which type of trend you want to capture Someone might only be interested in upward channels only which if you select only UpResistance=true and UpSupport=true then it will only send a signal
when price reaches lines that are in this direction. Hope this helps
Makarios Quantum Trader
2929
Makarios Quantum Trader 2021.09.14 16:25 
 

my second product from Stephen , u will be so comfortable to deal with proficient people same with Stephen . Thanks for the great job and amazing service

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