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Trend lines by direction

5

TrendLines 


Automatically draw trend lines.

This indicator automatically draws trend lines on your chart. 

The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.

Having multiple different trend lines helps us reduce the risk of a situation where we move between support and resistance in a time frame, unaware that support and resistance on a different time frame could take the market in the wrong direction. It also makes it easy to spot potential channels on the chart.

The indicator includes a built-in alerting system to warn when the price approaches or breaks a trend line. The indicator can send notifications to the terminal or your mobile phone.


The first set support and resistance lines are created by looking at the chart's first 50 bars. The second set is from 200 bars on the chart. The third is 400 with the final pair of trends lines made by analysing 600 bars.


Been able to see different trend lines at a glance makes it easier to manage your trade, making it more profitable and avoiding loss.


You can specify if you are looking for either an upward or downward trend for each set or allow the chart to decide on the best direction.


An on-screen window allows you to change the direction without having to reload the chart. It also provides feedback.


The indicator can automatically look for better lines with each new candle or for the lines to be fixed and never update (No redraw).


Looking for lines in a specific direction.

By default, the indicator will calculate the best direction for each trend line. If you are looking for trades in a specific direction, you can set this for each line. The indicator allows you to set different rules for each of the trend line pairs.

You can change the direction settings on screen as well as when the indicator is loaded. 


For each trend line you can set the following parameter:

Direction of trend?

 -> Best fit trend lines (Allow the indicator to decided)

 -> Look for upward trend lines

 -> Look for downward trend lines


Line colour/style/width.

The lines can have unique colours, styles and widths on the chart.


On screen interface.

There is an on-screen interface which can control the direction of the lines. 

Parameter : Should the interface appear?

-> Show the interface

-> Hide the interface (This is the default)


Avoiding irrelevant lines.

Sometimes the formula the indicator uses creates lines which could never hit.


Parameter : Avoid lines which are unlikely to be hit? 

 -> True (default)

 -> False - Use the original formula.

 

Stop extreme bars from affecting lines.

The indicator can ignore a percentage of bars which would otherwise invalidate the line. 


Parameter : Percentage of bad lines to allow (5 max)

-> A number between 0 (default) and 5.


Setting this to a value greater than zero will stop lines becoming invalid as soon as a bar breaks them. Instead, it will allow a number (percentage) of bars to break the resistance line before it becomes invalid.


Alerting system

The indicator will warn if you are approaching or have broken a trend line. You can have the alerts sent to either the MetaTrader or your mobile phone. To have it sent to your mobile phone, you will need the MetaTrader mobile phone app set up with your system. 


Parameter : Warn when the price approaches a line -> True/False

Parameter : Warn if a line is broken -> True/False

Parameter : Send alert to MetaTrader phone app -> True/False

Parameter : Send alert to MetaTrader terminal -> True/False


Automatically updating the lines.

Should the indicator look for better lines or display its initial lines (no redraw).

Parameter :  Automatically look for new lines -> True/False


Comentários 3
Naser
1243
Naser 2021.01.01 12:38 
 

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100% No repaint Indicator to help Manual Traders and EA Traders  Inrex Indicator - Trading Systems - 8 July 2021 - Traders' Blogs (mql5.com) Inrex Indicator is our first Indicator which calculated by many unique data , as Inrex EA do not believe all the common indicators like RSI MACD . Those are replant indicator may cause a misconception to traders .  Inrex Indicators helps all Manual Traders and EA Traders about daily Range and which pairs to trade with all the Ea in the industry . For
199 USD
New, more accurate version of the Xmaster indicator. More than 200 traders from around the world have conducted more than 15,000 tests of different combinations of this indicator on their PCs in order to get the most effective and accurate formula. And here we present to you the "Xmaster formula indicator forex no repaint" indicator, which shows accurate signals and does not repaint. This indicator also sends signals to the trader by email and push. With the arrival of each new tick, it constan
139 USD
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
168 USD
WD Gann Possible Reversal method Our Signals and targets based on Gann Time and Price Calculations to find out  possible Reversal Points. It will give you Right idea of possible turning points as well as sharp trend continuation till next turning points. An idea can change a trend or sharp continue trend within new time and price cycles  points(new signal) Non repainting Signals Note :- Strategy Tester not Showing perfect Results we are not able calculate time prices Turning point on tester.us
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Swing Continuation
Nesimeye Oswald
3.67 (3)
The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with both the price trend flow and currency trend flow. Which means the price action must be supported by the currency st
79 USD
MaxiFinishTrend 2
Stsiapan Kreidzich
5 (21)
Todos os sinais. Sistema de negociação inteligente.    Os indicadores populares fornecem dois sinais - COMPRE e VENDA, e você precisa escolher e colocar o Take Profit. Normalmente funciona rapidamente e então a tendência vai a seu favor, mas o indicador fica "silencioso" até a mudança. Você está perdendo a maior parte do lucro.    A primeira ideia do MaxiFinish é enviar o terceiro sinal - GET PROFIT (CLOSE) quando a linha de tendência muda a inclinação ou os estocásticos M15 e M30 atin
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TakePropips Donchian Trend Pro
Eric John Pajarillaga Aldana
5 (3)
NOTE: TakePropips Donchian Trend Pro is only sold here at MQL5 and on our official website. If you see it on other websites, it is FAKE and the performance is not similar! Support and updates will not be provided on those who purchased or received the fake indicator on pirated websites. Please DO NOT use the indicator if its using the older version 1.20 as it does not accurately detect the trend. The current version is 2.70 which already fixes this issue and added more functionalities to the in
98 USD
Supply and Demand Dashboard PRO
Bernhard Schweigert
4.76 (17)
CURRENTLY 20% OFF !! This DASHBOARD is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:  Advanced Supply Demand ). The new DASHBOARD gives a great overview. It shows: filtered Supply and Demand values including zone strength rating, pips distances to/and within zones, it highlights nested zones, it gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your personal
199 USD
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TrendLines  Automatically draw trend lines. EURUSD/BTCUSD (Bitcoin) version. The full version works on any currency pair. This indicator automatically draws trend lines on your chart.  The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.  If you are looking for other versions of this indicator, they are available below: This versions now work with BTCUSD (Bitcoin) and EURUSD so you can try it out with crypto coins as well as reg
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TrendLines  Automatically draw trend lines. This indicator automatically draws trend lines on your chart.  The indicator creates up to 8 trend lines, both support and resistance by analysing four sets of bars on the chart.  If you are looking for other versions of this indicator, they are available below: Having multiple different trend lines helps us reduce the risk of a situation where we move between support and resistance in a time frame, unaware that support and resistance on a differe
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Filtro:
Adrian Wong
36
Adrian Wong 2021.08.14 15:59 
 

Great tool, good indication of the possible turning points of support and resistance. So good that i bought both the MT4 and MT5 version. I don't use it as a prime tool for entries but definitely a must have tool on my list.

lauro1956
1796
lauro1956 2021.04.11 19:45 
 

Thank you. Purchase made, good product

Naser
1243
Naser 2021.01.01 12:38 
 

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Responder ao comentário
Versão 1.16 2021.12.27
v1.16 Minor bug fix
Versão 1.15 2021.04.07
v1.15 Added the symbol name to messages and alerts.
Versão 1.14 2021.02.16
v1.14 Change to the demo version so that the indicator can be trialled with both EURUSD and BTCUSD.
Versão 1.13 2021.02.10
v1.13 Can now be set to automatically look for new lines or stick with the line initially found (no redraw).
Versão 1.12 2021.02.04
v1.12 Added an alert system. The indicator can now send a warning to the users terminal or phone (if you have the Metatrader app installed) when the price approaches and breaks the trend line.
Versão 1.11 2021.01.10
v1.11 Allow for a percentage of bad bars to be ignored. Setting this to a value greater than zero will stop lines becoming invalid as soon as a bar breaks them. Instead, it will allow a number (percentage) of bars to break the resistance line before it becomes invalid.
Versão 1.10 2021.01.01
v1.10 New parameter to improve the quality of the lines.

"Avoid lines which are unlikely to be hit?"

If set to true (default) the formula is less likely to select a line unlikely to be hit. Setting this to false will use the original formula.
Versão 1.9 2020.12.14
v1.09 If it fails to find a line, it will retry its calculation, including the previous 100 bars. This will reduce the number of times which it fails to find a line.
Versão 1.8 2020.12.07
v1.08 Changed line style to make it clearer which lines are paired with each other
Versão 1.7 2020.11.26
v1.07 Added new mini-trend line for fine-tuning the trend
Versão 1.6 2020.11.09
v1.06 New parameter to hide the interface.

When you select the inputs for the indicator, you can now specify if the interface appears.

The new parameter is:

"Should the interface appear?"

The options are:

"Show the interface"

"Hide the interface" (This is the default)
Versão 1.5 2020.11.06
v1.05 Minor fix for extended lines.
Versão 1.4 2020.11.05
v1.04 Extends lines into the future.
Versão 1.3 2020.11.01
v1.03 Fixed a bug which could stop the screen updating.
Versão 1.2 2020.11.01
v1.02 Fixed radio buttons display at different resolutions.
Versão 1.1 2020.10.27
v1.01 Minor bug fix.