Trendline Equalizer

1.5
When creating, modifying and moving a trend line, two anchor points will be selected: high / low, open / close, median or weighted from the candlestick prices.

For high / low, open / close, if the anchor point is above the candlestick, the upper price will be taken, below the candlestick - the lower one. If the point is inside the candlestick, then if the first point is higher than the second, then the first one goes up, the second goes down. Conversely, if the second is higher than the first.

For the median or weighted, the position of the point above the candles, below the candles, or inside the candlestick does not matter.



There is a setting for displaying the slope angles of the line.
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The indicator takes the last closed bar from three timeframes (daily, weekly, monthly) and draws Fibonacci levels based on the high and low prices of that bar. Depending on the opening and closing prices, the high and low are reversed. That is, if the candle is bullish, the low price is used as the starting price; otherwise, the high price is used. There's a second drawing option. Two opposing Fibonacci levels are drawn, each colored differently. Coincident levels and levels within the 0-100 ra
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5 (1)
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Filtrele:
faithdefender
1746
faithdefender 2022.01.18 14:37 

It is hard to be critical of an indicator that is free, but it still should be reviewed. The indicator requires the user add a trendline to the chart and it applies (like a magnet) to the area it deems worthy. . But it does not seem to help when looking for a critical area. It bounces around too many places in the general area. I will continue to experiment with it and if things change, I will add new comments.

Nikolay Mitrofanov
18381
Geliştiriciden yanıt Nikolay Mitrofanov 2022.01.18 14:51
This is not an indicator. This is a help utility.
There are no "common or critical areas". Magnetization occurs to the candle, over which the mouse pointer is located.
This is obvious and directly described in the description.
If it worked by area and adjusted, as you probably expected, then it would be described in the description .. I won't remake anything.
topline8000
1144
topline8000 2021.10.19 13:04 

does not work

Nikolay Mitrofanov
18381
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