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Trendline Equalizer

FREE

Published: 23 January 2021

Current version: 1.6

Trendline Equalizer

Name: Trendline Equalizer
Rating: 1.5 (2 reviews)
Author: Nikolay Mitrofanov

1.5

Utilities
Nikolay Mitrofanov
Nikolay Mitrofanov
Russia

17998
4.6 (23)
16 products 5 codes 1 topic 54 comments
Version: 1.6
Updated: 25 January 2021

When creating, modifying and moving a trend line, two anchor points will be selected: high / low, open / close, median or weighted from the candlestick prices.

For high / low, open / close, if the anchor point is above the candlestick, the upper price will be taken, below the candlestick - the lower one. If the point is inside the candlestick, then if the first point is higher than the second, then the first one goes up, the second goes down. Conversely, if the second is higher than the first.

For the median or weighted, the position of the point above the candles, below the candles, or inside the candlestick does not matter.

There is a setting for displaying the slope angles of the line.

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Draws trend lines from the high and / or low values of the week. The color and thickness of the levels are customizable. All trend lines can be edited. Suitable levels of the past can be renamed and other properties changed. Levels are re-read only on the H1 timeframe once an hour. ...

FREE

The utility automatically sets the take-profit and stop-loss levels specified by the user in the parameters and moves the stop-loss line when the specified number of points above the trade price is exceeded. There are 4 trailing stop options: Disabled - Disabled Trail - Simply move the stop-loss level To breakeven - Move the stop-loss to breakeven when the value of points specified in the settings is exceeded and do not move the level any further As steps - Move the stop-loss to breakeven when

FREE

The utility draws reversal levels using the formulas for each of the selected number of candles: Pivot = (high + close + low) / 3 R1 = ( 2 * Pivot) - low S1 = ( 2 * Pivot) - high R2 = Pivot + (R1 -S1) R3 = high + ( 2 * (Pivot - low)) S2 = Pivot - (R1 - S1) S3 = low - ( 2 * (high - Pivot)) H = high L = low U = if the candle is bullish, then close. Otherwise - open D = if the candle is bullish, then open. Otherwise - close On any timeframe. After a new candle closes on the calculated timeframe

FREE

The indicator draws a colored histogram from comparisons of the strengths of bulls and bears. It works like this: The values of two indicators Bears and Bulls are taken, who is stronger on the candlestick is compared, the column is filled in. It's all. .

FREE

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1746

faithdefender 2022.01.18 14:37 #

It is hard to be critical of an indicator that is free, but it still should be reviewed. The indicator requires the user add a trendline to the chart and it applies (like a magnet) to the area it deems worthy. . But it does not seem to help when looking for a critical area. It bounces around too many places in the general area. I will continue to experiment with it and if things change, I will add new comments.

17998

Reply from developer Nikolay Mitrofanov 2022.01.18 14:51 #

This is not an indicator. This is a help utility.
There are no "common or critical areas". Magnetization occurs to the candle, over which the mouse pointer is located.
This is obvious and directly described in the description.
If it worked by area and adjusted, as you probably expected, then it would be described in the description .. I won't remake anything.

1144

topline8000 2021.10.19 13:04 #

does not work

17998

Reply from developer Nikolay Mitrofanov 2021.10.19 21:09 #

Everything works.
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