Auto trendlines indicator needed | Forex Factory

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Auto trendlines indicator needed

  • #1
  • First Post: Mar 16, 2011 1:57am Mar 16, 2011 1:57am
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
  • #2
  • Mar 16, 2011 2:16am Mar 16, 2011 2:16am
For which platform do you need it?
  • #3
  • Mar 16, 2011 3:03am Mar 16, 2011 3:03am
it is needed for mt4 platform dear

thanks

regards
rishi
  • #4
  • Mar 16, 2011 3:17am Mar 16, 2011 3:17am
I have it only for MC
Attached Image (click to enlarge)
Click to Enlarge Name: TL automatic.jpg Size: 114 KB
  • #5
  • Mar 16, 2011 3:20am Mar 16, 2011 3:20am
oh no problem buddy...your intentions to help mattered ...

thanks a ton xx

regards
rishi
  • #6
  • Mar 18, 2011 10:38pm Mar 18, 2011 10:38pm
surprising noone knows of such an indi at FF
  • #7
  • Mar 20, 2011 12:58pm Mar 20, 2011 12:58pm
Quoting .Hawk.
surprising noone knows of such an indi at FF
Hi Hawk I'm after the same indi,I had 1 called Tom DE Mark which was good but deleted it long back.I have been sent 2 from a kind reader but not quite the same,the one above chart looks ideal but not for MT4.......can anyone help pls
  • #8
  • Mar 20, 2011 5:18pm Mar 20, 2011 5:18pm
The thing with trend lines is no 2 people look at them the same way, as which points to use only comes into view, in most cases, after the fact. The DM method just uses a counting method which tends to be short lived trends and not very consistant.

The trend lines I use are done almost in real time but I have yet been able to program them to be auto drawn with out errors. So I still draw them by hand but the points are laid out for me by the system.

Another problem with trend line is picking which points to use, they are not all equal. I have been able to divide the trend lines into 3 different levels and that works for me, but its not going to be programable.


Keit
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #9
  • Edited 7:50pm Mar 21, 2011 6:49pm | Edited 7:50pm
Quoting CockeyedCowboy
The thing with trend lines is no 2 people look at them the same way, as which points to use only comes into view, in most cases, after the fact. The DM method just uses a counting method which tends to be short lived trends and not very consistant.

The trend lines I use are done almost in real time but I have yet been able to program them to be auto drawn with out errors. So I still draw them by hand but the points are laid out for me by the system.

Another problem with trend line is picking which points to use, they are not all equal. I...
Keit, agree with you 100%, I've thought about the possibility of creating a trend lines indy many times (as a companion to my S/R indy). But I reached the same conclusions as you, namely that everybody draws them differently, and they are one of those 'visual' concepts that are not easy to define mathematically.

It would be interesting to see the TradeStation code that sits behind the screenshot in post #4.

David

[EDIT]
Attached is a simple indy that I just knocked up to draw trendlines through consecutive DeMark supply and demand points. As can be seen, the Demark algo seldom chooses what the eye tells us are the 'right' candle highs/lows around which to construct the lines. Like I said, what seems obvious visually is not necessarily easy to define, in terms of a strict mathematical formula. (Note: You can set ExtendLines to FALSE to more easily see which highs/lows have been selected.)

If anybody wants to take this indy and develop it further, please feel welcome to do so.
Attached File(s)
File Type: mq4 Trendlines (Demark supply and demand).mq4   81 KB | 2,704 downloads
  • #10
  • Mar 21, 2011 8:03pm Mar 21, 2011 8:03pm
I use S/R too, to set the anchor points to draw the trendlines from The color of the dots are the intentcity of the anchor, The problem I am working with are anchors that develope when you have an extramly long tails as in the screen shot. also at time you can get an anchor with rails or tracks as some call it. were one bar is reversed with an equal bar in the opperset direction which if you look at a chart time scale above it will appear as a tail there, in these situations one has to use common sence.

The dots and there color, along with the S/R price flags to the right are all programed. What I have to do is connect the dots. The dots and colors are determined by a simple cycle indicator.


Quoting hanover
Keit, agree with you 100%, I've thought about the possibility of creating a trend lines indy many times (as a companion to my S/R indy). But I reached the same conclusions as you, namely that everybody draws them differently, and they are one of those 'visual' concepts that are not easy to define mathematically.

It would be interesting to see the TradeStation code that sits behind the screenshot in post #4.

David
Attached Image (click to enlarge)
Click to Enlarge Name: trend lines.jpg Size: 71 KB
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #11
  • Nov 27, 2011 5:58am Nov 27, 2011 5:58am
Quoting .Hawk.
surprising noone knows of such an indi at FF

Here is! :-)
So I use an indi for the trendline drawing. I got it about one week ago, but it seems to be good enough. The one probleme with it, it isn't free. :-(
Here is a picture about it.
Attached Image (click to enlarge)
Click to Enlarge Name: 1after.jpg Size: 108 KB
  • #12
  • Jan 8, 2019 8:02pm Jan 8, 2019 8:02pm
Quoting Atti
{quote} Here is! :-) So I use an indi for the trendline drawing. I got it about one week ago, but it seems to be good enough. The one probleme with it, it isn't free. :-( Here is a picture about it. {image}
can u please share with me?
  • #13
  • Last Post: Jan 12, 2019 6:59am Jan 12, 2019 6:59am
while adding the indicator am getting this error message.
Could someone help please
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 19 KB
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