Trend Line Pro 3
- Indicatori
- Koichiro Kato
- Versione: 1.5
- Attivazioni: 5
Overview
TrendLinesPro3 is a discretionary analysis indicator that visualizes swing-based market structure (Dow Theory / zigzag style) and automatically draws key lines on the chart:
- Support/Resistance lines (HorizonLines)
- Trendlines (TrendLines)
- Break/structure-change markers (BreakEdge)
- Optional alerts, on-chart panel, and grid/time labels
This indicator does not place trades. It is designed to help you organize trend direction, key levels, and breakout context for intraday to swing trading.
What you get on the chart
1) DowZag (multi-level swing lines)
- Up to 9 levels (DowZag1 .. DowZag9).
- Each level can be shown/hidden and styled (Display, Background, Width).
- Segment colors are configurable by status: BreakUp / BreakDown / BroadeningUp / BroadeningDown / Triangle.
2) HorizonLines (Support/Resistance)
- Master switch: HorizonLines > Display
- Density control: HorizonLines > CornerCount(count)
- Per-level enable: HorizonLine1 .. HorizonLine9
- Colors by status: BreakUp / BreakDown / BroadeningUp / BroadeningDown / Triangle
3) TrendLines
- Master switch: TrendLines > Display
- Per-level enable: TrendLine1 .. TrendLine9
- Density control (per level): Sensitivity(bars) (appears after each TrendLineN; higher value draws fewer lines)
4) BreakEdge (markers)
- Scan range: BreakEdge > BarsToShow(bars)
- Clean chart option: BreakEdge > Latest only
- true: show only the most recent marker per level
- false: show markers across the whole scan range
- Marker characters: Marker / TriangleMarker
- Per-level control: BreakEdge1 .. BreakEdge9 (Display, Size(px), Broadening mode, Triangle mode)
5) Panel / Grid / Time Labels (optional)
- Panel: quick toggles and summary display (Display, Corner, OffsetX(px), OffsetY(px), Scale(x), ScoreDisplay)
- Grid: colors (Color1 .. Color5)
- PriceGrid: Display, Background, MinimumSpacing(px)
- TimeGrid: Display, Background, MinimumSpacing(px), DaylightSaving, TimeOffset(min)
- TimeLabels: Display, Size(pt), RowSpacing(px), BaseColor, TextColor
Alerts (optional)
BreakEdge can trigger alerts via:
- Popup
- Sound
- Push notification
- Email
Timing is controlled by Alert > Timing:
- RealTime: alert as soon as a signal is detected
- BarClose: alert only after the bar closes
You can also suppress repeated alerts in the same direction (SameDirection) and optionally exclude triangle alerts (Triangle).
Quick setup (matches the Inputs screen)
- DowZag > BarsToShow(bars): limit history for calculation/drawing (lower = lighter)
- HorizonLines > CornerCount(count): control line density
- TrendLineN > Sensitivity(bars): control trendline density per level
- BreakEdge > BarsToShow(bars) / Latest only: marker history vs clean chart
- Alert > Timing: choose RealTime or BarClose
Notes
- Zigzag-style structure tools can update near the latest bars while price action is still forming. For more stable alert timing, consider using BarClose.
- Push/Email require MT4 terminal configuration.
- This is an analysis tool; trading decisions and outcomes are not guaranteed.
