Infinity TrendLine PRO
The INFINITY TrendLine PRO indicator is based on an analysis of the average range of price (ATR). It shows the trend change, entry point and recommended TakeProfit and StopLoss levels. TrendLine PRO does not redraw the trend line and does not change trading levels.
Choosing the TrendLine PRO indicator today you get a free bonus from the developer:
HTF-Historgram- a unique addition to the TrendLine PRO indicator, the histogram displayed in the basement of your chart shows a temporary change in the local trend. It is very easy to install and intuitive.
Amplitude -is the main parameter, which determines the duration of the local trend and the frequency of the appearance of a new TrendLine indicator signal. It works best in the range from 5 to 12.
ExtremeRange (for calc TP/SL-target level, bars) -is the number of bars defining the range to calculate TakeProfit and StopLoss levels. The smaller the range of bars, the closer the levels are to the opening price.
TP1, TP2, TP3 (target level) -are three levels to fix the profit. The higher the level, the lower is the possibility of achieving it. It is calculated as the ratio to ExtremeRange.
Сalculation Range (bars) -is the range of bar history on which the indicator is drawn and virtual trades are calculated, the probability of success of each TP level and the ratio of Win/Loss trades. The larger this parameter is, the more trades are involved in the calculations. However, this may slow down the indicator.
ShiftPips for SL (SL=ExtremeRange+ShiftPips) -is the number of points to offset the SL level beyond the Extreme Range. If =0, the SL level is set at the edge of the Extreme Range.
SuccessRate_Type - you can choose to calculate the probability of success for each trend (Buy/Sell) or averaged.
Higher Timeframe Filter (HTF) -is an important parameter that has no equivalents at competitors. In fact, this is another indicator that calculates the trend in the older period (optional). If the current trend (for example, H1) and the older trend (for example, D1) coincide, you get an additional guarantee of the indicator's strength.
Symbols - FX-pairs for the scanner panel. The more pairs you install, the slower the indicator works!
RESULT- calculation of trading results by entry / exit points: reaching TP (1,2,3), SL level or a local trend reversal point.
Time Filter- is used to exclude new signals in the range of the 24 hour period. If a new signal falls within a selected range, it is rejected during calculations and notification.
NOTIFICATION SETTINGS -is a group of settings for notifications of the main indicator signal. Notifications come only from the main indicator at the time of the trend change. You can set the signal details and send a notification to your phone or email.
Scanner PRO SETTINGS -is a pop-up panel when pressing the "PRO" button on the main indicator panel. It serves to display the current trend on additional pairs (can be changed). The orange frame has timeframes with a Super Signal, enhanced by the coincidence of the trend with the older periods. When you press the signal button, the scanner automatically switches to the selected pair and timeframe. The scanner operation may slow down the indicator calculation. Make sure that historical data is available for the pairs selected in the scanner and that the connection to the broker is secure.
ICostom Buffers for Developers:
up , down , up2 , down2 , // trend lines
atrlo , // signal to the input
strongSig , // super signal
hi , lo , // arrows (entry price value)
stopLoss , // SL-level
TP1 , TP2 , TP3 , // TP levels
trend , // direction of the current trend
htf , // trend direction of the HTF-filter
sRate1 , sRate2 , sRate3 , sRateAll ; // SuccessRate (%)
If you have any questions email me: email@example.com or via MQL5 chat.
Fixed some bugs
-added more pairs
-added the SuccessRate indication on the button for each pairs and timeframes
"ZigZag Period (bars) for calculate TP/SL-target" to "ExtremeRange for calc TP/SL-target (bars)"
"Maximum History Bars" to "Сalculation Range (bars)"
"Shift PiPs(SL=ZigZag+Shift Pips),if "0" SL=ExtrimeZigZag" to "ShiftPips for SL (SL=ExtremeRange+ShiftPips)"
"Show TakeProfit and StpoLoss Lines" to "Show lines of TP/SL"
"SuccessRate_Type: (Average value (BUY+SELL)/2) and Current signal (BUY or SELL)"
2) Displays the number of losing trades at the LOSS level (x1-х2-x3)
3) All trades are considered and the SuccessRate and Result are correctly considered
Added selection of super-signal on the main chart.