MT Merit TLC
- Indicators
- Issara Seeboonrueang
- Version: 3.10
- Updated: 3 August 2023
- Activations: 20
Please feel free to contact me if you need any further information. Please let me know if you have any questions. I hope the above is useful to you. |
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MT MERIT TLC (Trend Line Channel) : It is an indicator created to look for Reverse or Break Out signals by using the trend line channel as a plot point to the current price.
TIME FRAME: All Time Frame (recommend time frame M15 M30 H1 H4 D1 for Forex , M1 M5 M15 for Binary Option )
SYMBOL PAIR: All Symbol
SETTINGS:
CALCULATE BARS: Value or bars used must be large enough to calculate trend line channel.
TREND LINE CHANNEL(TLC): Input the trendline distance multiplier.
For break out trading it's time to change the trend. Fundamentals analysis of the economy will give you an advantage.
SHOW PRICE: Select ON|OFF (Price: SELL, BUY, SL, TP)
SIGNAL : There are 2 signals to choose : Signal break out trend line and Signal reverse trend line. You can design your own signals to buy or sell.
SELL(Break Line Up)
BUY(Break Line Dn)
Signal_Break_ON
SELL(Reverse Line Up)
BUY(Reverse Line Dn)
Signal_Reverse_ON
ALERT: Popup, Mobile, Sound (Arrow display at the current time and Alert after close candle)
DETAIL ARROW and LINE: Refine the details in the display. Change Arrow: Icon, Size and Color
Arrow Signals and Trend Line Channel: repaint redraw and re-calculate follow the trendline that has changed. (It's normal. hope you can understand)
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