TrueTL - True Trendline Indicator | Forex Factory

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TrueTL - True Trendline Indicator

  • #1
  • First Post: Feb 21, 2012 9:29am Feb 21, 2012 9:29am
TrueTL is a trendline indicator for Metatrader 4, which draws all trendline automatically. It’s different than other auto trendline solutions for MT4: counts the beginning points from the actual timeframe's historical data, and the trendline ending is depending on the last visible pullback level.

http://www.truetl.com/uploads/9/4/9/...70125_orig.jpg


It has two additional indicator:

- Trendline alert indicator with many configuration capabilities. It's working with all visible trendline on the chart, not only with TrueTL's.

- RSI trendline indicator which draws all trendline automatically on the RSI indicator window.


http://www.truetl.com/uploads/9/4/9/...07/6666920.gif http://www.truetl.com/uploads/9/4/9/...07/4415770.gif


For more information please visit the website:

www.truetl.com
  • #2
  • Edited 5:33am Feb 22, 2012 4:46am | Edited 5:33am
If you are a beginner trader, in this video maybe we can help you how to start your strategy-development, how can you think with TrueTL. The development and testing of your strategy is a long and hard work. We're just showing a possible way to begin, but you can find lots of other methods, it's up to you.

Inserted Video
  • #3
  • Feb 23, 2012 3:42am Feb 23, 2012 3:42am
TrueTL's FEATURES

  1. Draws all trendline automatically
  2. Automatic or manually refresh options
  3. Always depending on the last visible pullback level
    (Testing ability: if you scroll back the chart, the attached script will draw all past trendlines.)
  4. Customize how many bar contains a normal or a long trendline (long trendline: higher timeframe's trendline)
  5. 3 touch trendline recognition
  6. Adjust M1-M5 fast analysis
  7. Marks the highest and lowest trendline
  8. Customize each color of the normal and long trendline
    (You can adjust 'None' color for them, then only the 3touch trendline will be visible)
  9. Customize color and width of the three touch trendline

  • #4
  • Feb 25, 2012 5:08am Feb 25, 2012 5:08am
You can see the detailed user's guide video with all options and the skills.

www.truetl.com


Inserted Video
  • #5
  • Feb 29, 2012 10:48pm Feb 29, 2012 10:48pm
We collected some resource on the website. We hope this can help you to learn more about the trendlines which is indispensable and traditional tool for a serious trader.
  • #6
  • Mar 2, 2012 2:53am Mar 2, 2012 2:53am
New features on our website!

If you have a quick question for us, then you can do it. You can CHAT with us on the homepage.
  • #7
  • Mar 9, 2012 1:41am Mar 9, 2012 1:41am
The 1.3 version is released:

 

  1. Improved offline chart compatibility (useful for such as Renko Chart, Point & Figure Chart, etc.)
  2. User notification on the chart (such as your subscription expire soon or a new update is released)

From now, you can download the latest update from the website.

Special thanks to some customers who participated in the beta testing with different indicators.

More information
  • #8
  • Mar 13, 2012 3:09am Mar 13, 2012 3:09am
A new menu item appeared on our website. The frequently asked questions page contains the information about our activities, and in general the forex trading such as the search of holy grail, or strategy development.
  • #9
  • Mar 26, 2012 4:34am Mar 26, 2012 4:34am
We love challenges, our products prove this. If you have a small idea, or a huge dream, we can help you to reach it. If you are looking for the strongest ex4 protection, we can help you too.

The new CUSTOM menu contains more information about our possibilities.
  • #10
  • Apr 2, 2012 2:43am Apr 2, 2012 2:43am
We are happy because many of our client's request performed in the new 1.4 version of TrueTL indicator.

New features:

  1. Candle-body option: TrueTL is able to ignore the candle's high/low, and draws the trendline that is aligned to the candle's body. You can set this option with the "candle-body" switch.
  2. Corrected scale on RSI Trendline: From now, RSI Trendline indicator shows the standard scale of RSI (0-100). You can set your favorite levels on the chart (such as 30 / 70).
  3. New addon indicator - CCI Trendline: CCI trendline indicator which draws all trendline automatically in the CCI indicator window.

On the homepage you can find the settings with description. The update page contains new features and sample pictures.

  • #11
  • May 7, 2012 12:01pm May 7, 2012 12:01pm
We've finished the most radical development so far: there are two new options to make even less disturbing trendlines and clearer charts. The current version of TrueTL is much different than the first release, thanks to the continuous development.

What's new in TrueTL 1.5:

  1. Lazy redraw option: The pattern recognition algorithm is the heart of TrueTL. It determines the trendline-redrawing. We improved this algorithm in version 1.1 and we never stopped developing. From now, TrueTL contains the even more upgraded algorithm, and this new "Lazy redraw option", which shows safer trendline breakout.
  2. Cut trendline ending: Cut the trendline ending, when it's broken.
  3. And of course the regular bugfix and optimization...


On the homepage you can find all settings with description. The update page contains all new features and sample pictures.

  • #12
  • May 26, 2012 4:26am May 26, 2012 4:26am
We never stop the evolution. The 1.5 version of TrueTL is much different than the first release, so we had to make a new user's guide video with old and new features.


Inserted Video
  • #13
  • May 26, 2012 7:59pm May 26, 2012 7:59pm
Quoting styan
http://www.youtube.com/watch?v=mwS8WoR5SJ4
Just curious, what is the name of the beautiful music in the background of the video ?
  • #14
  • May 28, 2012 2:22pm May 28, 2012 2:22pm
Quoting effluvium
Just curious, what is the name of the beautiful music in the background of the video ?
Many thanks It was produced by me. It's my original profession.
  • #15
  • Jun 19, 2012 5:30am Jun 19, 2012 5:30am
i love this tool,great job guys
student
  • #16
  • Jun 30, 2012 12:18pm Jun 30, 2012 12:18pm
TrueTL 1.55 is Released!

We migrated to two servers, so from now, the TrueTL has a redundant connection for the calculation. If the main calculation server is not responding, TrueTL is going to change the settings, and requests the necessary calculation from a different server. It's proceed in the background automatically and quickly, you won't notice it.
  • #17
  • Jul 13, 2012 10:14am Jul 13, 2012 10:14am
You can download two indicators for free from our website:

Stepless MTF RSI Indicator
Stepless MTF CCI Indicator

Enjoy it!
  • #18
  • Aug 9, 2012 2:37am Aug 9, 2012 2:37am
We are pleased to announce the new version of our indicators.

What's new in TrueTL 1.6:

 

  1. Automatic username storing: If you type your username into any TrueTL indicator, you don't need anymore to type in again, because all of the indicators will remember.
  2. RSI and CCI trendline goes multi timeframe: You can watch other timeframe's indicator values, without switching between the timeframes. You can set timeframe of the indicator to: 0 = Timeframe used on the chart, 1 = M1, 5 = M5, 15 = M15, 60 = H1, 240 = H4, 1440 = D1, 10080 = W1, 432200 = MN1.
  3. Other improvements for RSI and CCI trendline:
    - Cut TL Ending: cut the trendline's ending when it's broken.
    - RSI Width: specify the width of the RSI and CCI lines
    - Trendline Width: specify the width of the trendlines

On the homepage you can find all settings with description. The update page contains all new features and sample pictures, from the first release.

  • #19
  • Aug 24, 2012 5:54pm Aug 24, 2012 5:54pm
We made a speed improvements, and minor bugfix on the TrueTL indicators. The only new feature is the fully customizable styles. From now, you can set freely any styles of the lines (color, width, line style) in any TrueTL indicators.

On the homepage you can find all settings with description. The update page contains all new features and sample pictures, from the first release.
  • #20
  • Sep 17, 2012 12:22pm Sep 17, 2012 12:22pm
We are proud to announce the new version of our indicator. Lot of people requested a more customizable alert functions for the main TrueTL indicator, and the integrated alert functions for the RSI Trendline and CCI Trendline indicators. We made it, so from now, all of the indicators has an integrated and fully customizable alert functions which works with all of the tredlines and horizontal lines (not only TrueTL's) on the chart or RSI-CCI Trendline indicator's window.

You can find the settings on the HOME page, and the complete changelog on the UPDATE page.
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