FOREX TRADING COACHES - DYNAMIC / AUTOMATIC TREND LINES

 

DynamicTDLines

This indicator automatically draws and deletes trend lines on your charts.  The number of old trendlines that stay on the chart and whether or not to paint projections are just some of the options available with this indicator.  The thicker trendlines are the current lines, the thinner lines are older lines that are retained on the chart for reference.  The price projections are optional and are not displayed by default.  You also have the option to display alerts when price action crosses a trendline and/or when a candle closes past a trendline, but these options are also turned off by default.

Parameters

(Click here for more info about parameters)

maxTDLines=1
TDColor=White
TDWidth=2
oldTDColor=White
oldTDWidth=1
drawInBackground=true
lineStyle=STYLE_SOLID

displayTDBreakAlerts=false
displayPriceActionAlerts=false
emailTDBreakAlerts=false

drawPriceProjections=false
maxProjLinesToKeep=3
buyProjLineColor=C'0,225,225'
sellProjLineColor=SandyBrown
oldProjLineColor=DarkGray
projLineWidth=2
projLineHorizLength=20
projTextOnVLine=false
LogEventFiring=false
LogStartDebugData=false
LogAlertDebugData=false

maxTDLines

Setting maxTDLines to a value greater than 1 will show additional older trendlines -- a history of recent trendlines.

displayTDBreakAlerts

If set to true, when a candle closes with a price beyond a trendline, an alert will fire

displayPriceActionAlerts

If set to true, when a candle's price action crosses a trendline, an alert will fire.  This alert fires repeatedly as long as current price is beyond a trendline

emailTDBreakAlerts

If set to true, when a TDBreakAlert occurs, an email will be sent if your trade station is configured to send emails.

drawPriceProjections

If set to true, then price projections based upon trendline breaks will be drawn on the chart.