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The 5 Trend Lines Rule

5

After analyzing a numerous significant bear and bull markets, a peculiar principle has surfaced, dubbed the 5 Trend Lines Rule. It suggests that within a major bear or bull market, there are typically five false breakouts before the sixth breakout proves significant.


Parameters

  • Trend Line #1 Color: Magenta
  • Trend Line #2 Color: Magenta
  • Trend Line #3 Color: Magenta
  • Trend Line #4 Color: Magenta
  • Trend Line #5 Color: Magenta
  • #1 Color: Yellow
  • #2 Color: Yellow
  • #3 Color: Yellow
  • #4 Color: Yellow
  • #5 Color: Yellow
  • Up Symbol Code: 233
  • Down Symbol Code: 234
  • Push Notification: True/False
  • Email Message: True/False
  • Pop-Up Alert: True/False


Reviews 1
baderbader
1123
baderbader 2023.06.13 18:59 
 

this indicator is great , its the missing part that you need of your strategy, make it as a confirmed signal of your entry if you want to make order. you dont just depened on its signal to avoid wrong entry make as a support entry of your strategy. great work

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Trading Cycle Array MT4
Carl Gustav Johan Ekstrom
I'm excited to introduce you to the fifth bar on   Martin Armstrong's  Forecast Array - The Trading Cycle . This innovative tool represents a transverse form of cyclical frequency analysis, offering a unique perspective on market trends. The model employs a color-coded system for easy interpretation. In this model, green signals the ideal timing for highs, red indicates ideal lows, and yellow signifies a convergence of highs and lows occurring simultaneously. This intuitive approach allows
The Trap Play MT4
Carl Gustav Johan Ekstrom
5 (3)
Trap Play  refers to a market situation where price initially makes a new high or low, luring traders into believing a strong trend is forming. However, the price quickly reverses and invalidates the breakout, trapping those traders who entered positions based on the initial move. This sudden reversal often results in a rapid exit of positions, leading to significant price movement in the opposite direction.  Trap plays  can occur in various financial markets and timeframes and are characterized
Martin Armstrong Cycles
Carl Gustav Johan Ekstrom
5 (2)
Martin Armstrong Cycles employs an unconventional form of technical analysis on your charts aimed at capturing market angles, swift market movements, price reversals, and early trend shifts. I strongly advise all traders to integrate cyclical analysis into their charting methods, as it unveils the inherent rhythms of markets. Every element in the universe follows a cycle, and so does price! Analytical Benefits of Cyclical Analysis The angle of the cycle provides a roadmap for anticipating fu
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baderbader
1123
baderbader 2023.06.13 18:59 
 

this indicator is great , its the missing part that you need of your strategy, make it as a confirmed signal of your entry if you want to make order. you dont just depened on its signal to avoid wrong entry make as a support entry of your strategy. great work

Carl Gustav Johan Ekstrom
4258
Reply from developer Carl Gustav Johan Ekstrom 2023.06.13 19:18
Thank you! 👌
Reply to review
Version 1.10 2023.05.23
Minor visual improvements.