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VATrendLine3TF

The indicator shows the direction of a trend on time intervals of D1,H4,H1 and on the current time interval.

Possible options of use of the indicator in trade: search of price patterns near lines of the indicator. The indicator is suitable for both intraday and medium-term trading. Also these lines can act as support/resistance levels and as places for placement of the Stop Loss order.

For example: the D1 line of the indicator shows the descending trend, the H4 line shows the ascending trend. Thus for medium-term trade it is more preferable to choose Sell trades. Breakdown of the ascending H4 line will be a signal to open a Sell trade.

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Version 1.3 - 2015.01.29
At the request of one of the users added ability to disable the display of the trend line of the current timeframe. To do this, set the "Indicator current period" parameter to zero.
Version 1.2 - 2015.01.26
Fixed the display of the indicator line tips.
Version 1.1 - 2015.01.19
Added indicator fine tuning. Now the indicator displays trend direction on trader selected time intervals. Period can be set for each time interval.