• Overview
  • Reviews
  • Comments
  • What's new

TrendLine Projection

One of the most powerful analysis tools used in Forex trading are trendlines. You have two types: upward sloping trendlines and downward sloping trendlines. This strategy shows you how to trade trend reversals using violated (broken) trendlines for both long and short entries including stops and price objectives.

Upward sloping (rising) trendlines connect at least 2 support points while downward sloping (falling) trendlines connect at least 2 resistance points on the chart.

Recommended with SR Projection Indicator.


Inputs

  • AlertON - Enable Alerts.
  • LowerLine/UpperLine - Change lines color.
No reviews
Version 1.6 - 2017.11.17
Added horizontal lines
New rule applied for trendline projection
Version 1.5 - 2017.06.23
Fixed an error in rule conditions.
Version 1.4 - 2017.06.14
Modified rules for conditions
Version 1.3 - 2017.06.01
Indicator now makes 4 projection of trendlines of support and resistances.
Version 1.2 - 2017.05.19
Improved condition rules
Version 1.1 - 2017.04.19
New rule for conditions
New options in parameters