Infinity TrendLine PRO
TrendLine PRO indicator is based on the analysis of the strength of bulls and bears. It shows the highlighted trend line, the entry point, and the recommended TakeProfit and StopLoss levels. The panel displays the current signal (SELL or BUY), the Success Rate of the transaction, and the overall result of the transactions. The built-in Scanner is launched by pressing the " PRO " button and displays all available timeframes for each pair, incoming signals and the Success Rate value. By clicking on any timeframe, you can switch to a new chart. The indicator is very simple and intuitive even for a beginner. You can trade any symbols that available to your broker: FX pairs, indices, metals, CFDs or crypto.
Use TrendLine Optimizer to automatically search for parameters: https://www.mql5.com/en/market/product/53011
Choosing TrendLine PRO indicator today, you get a free bonus from the developer:
HTF-Histogram- a unique addition to TrendLine PRO indicator, the histogram displayed in the basement part of the chart shows the change of signals of any timeframe. NOTE: HTF-Histogram works only with TrendLine PRO or ProfitZone PRO.
To get HTF-Histogram you will need to give a review rating INFINITY TrendLine PRO on the market and email the link or a copy to email@example.com. In response, we will send you an HTF_Histogram indicator with an individual unlimited key.
For automatic or semi-automatic trading with indicator signals, use TradeUtility for TL: https://www.mql5.com/en/market/product/38101
TrendLine PRO for MT5: https://www.mql5.com/en/market/product/42399
✅ 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.
✅ Range Bars Number (RBN) -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.
✅ Calculation Period (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. RESULT- calculation of trading results by entry / exit points: reaching TP (1,2,3), SL level or a local trend reversal point.
✅ Shift StopLoss level -is the number of points to offset the SL level beyond the Range Bars Number (RBN). If =0, the SL level is set at the edge of the Range Bars Number (RBN).
✅ 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.
✅ 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.
✅ 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. 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.
Please note! The Scanner does not work while testing, only on the indicator installed on the chart.
You can learn how to set the indicator in the blog---> https://www.mql5.com/en/users/neurofx/blog
If you have any questions email me: firstname.lastname@example.org or team chat: https://t.me/INFINITY_trading.
-added 2 color parameters
- fixed a bug with Scanner
2. Added the function of Calculation type of TrendLIne PRO
3. Added the function of automatically loading Symbols from Market Watch into Scanner
4. The indicator has been accelerated
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.