Can you develop an Auto Trendline indicator

Our requests are undergoing maintenance as we move existing requests to a new layout. If you do not see your existing request now it should reappear in a few days. You must be logged in to make requests. Use the Topic Requests to create new topic requests for Orchard Forex. If you are asking for an expert or indicator then you need to make youre requirements including strategy are clear. If there are any subjective terms like sloping up or narrowing then either define them or be prepared to have the request ignored. For example, does sloping up mean 2 consecutive higher closing prices, a moving average that is greater than the moving average 17 bars earlier, what? And if you want to just say higher highs and higher lows how do you propose to identify the highs and lows. Requests linking published strategies are more likely to succeed. Your strategy and ideas for indicators will be visible to the public. That’s the price of entry. We may or may not use your request in a tutorial, or may use a variation, nothing is guaranteed here.
You must log in to submit a request
2 votes

Can you develop an Auto Trendline indicator

How to develop an Auto Trendline indicator that draws the upper and lower trendlines automatically using the last two significant swing highs/lows. Trendline anchor points are found by plotting the ZigZag over X number of bars.(once the zigzag swing is formed it is confirmed with a fractal pattern )( since fractal patterns forms swing Highs and Swing Lows to form market structure). Features Requires. It instantly draws the notable trendlines without any uncertainty. Each trendline must be extended with its corresponding rays, which helps determine the area of breakout/reversal. Must draw two separate upper and lower trendlines simultaneously base on two zigzag settings. Should be able to work on all timeframes, symbols, and all types of charts. Should also provides alerts when price crosses alert on the close price or touches a trendline. Input Parameters —– Zigzag for Trendline 1 —– Show First Trendline: true/false Depth, Deviation, Back Step. —– Zigzag for Trendline 2 —– Show Second Trendline: true/false Depth, Deviation, Back Step. —– Alert Settings —– auto trendline indicator inputs How Auto Trendline Indicator Works It uses ZigZag to fetch the upper and lower pivot points on the chart. It interpolates the anchor points and draws the trendlines with their respective future projected rays using the fetched data. Trendline Sensitivity The trendline sensitivity depends on the chosen Depth, Deviation, and Back Step of the ZigZag. This concept of trendline is solid at it plot on the true swings rather than on Highs and Lows. As u can have trough and peaks but they are not swings . Thanks.
Under Review Jacyptoforexking shared this idea

Leave a Reply

Powered by Simple feature Requests

Scroll to Top