Auto trendlines indicator needed

Rkji

Rkji

Well-Known Member
#1
#1
hi all

i have tried virtually every trendline indicator from trendline visualiser to what not.

i do not need an expert advisor to trade for me but an indicator which auto draws trendlines & doesn't changes position of them for a certain set time period till i manually interfere...

parameters i want :

# of trendlines : (2,3,4,5,6.....)
# of candles lookback :
set period : (5 mins, 15 mins, 30 mins, 1 hr, 4 hr)

(set period means for this much times trendlines shouldn't change so that i can clearly see breakout for long time)

colour :


problem i face with all trendline indicators is once i leave platform trendlines have changed positions & original breakout scene vanishes

thanks &
regards
rishi
 
4

4xpipcounter

Well-Known Member
#2
#2


Uploaded with ImageShack.us

Rishi, let me suggest something. Drawing TL's is not hard, yet the personality associated with them is so predictable.
The chart I accompanied with this post is the AUD/NZD. The TL was drawn from the recent low to the first dip after the low. When the TL is broken, there is usually a large candle that broke through it, and then a pattern of continuation, which is what we see happening right up to date. After this pattern is finished, there will be a correctional move to challenge the point the candle broke through the TL. After the correction is finished, then the next move will take out the low that was established after the TL was broken.

This is a way you can have accurate and predictable TL's without a computerized method of drawing them, which is usually not very accurate.
 
Rkji

Rkji

Well-Known Member
#3
#3
hi 4xpip

i agree drawing a trendline is not hard but the thread was opened to get a trendline indicator somewhat similar to what i expected in original post.


regards
rishi


4xpipcounter said:
Rishi, let me suggest something. Drawing TL's is not hard....
Click to expand...
 
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