Trendline higher TF auto drawn on lower TF | Forex Factory

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Trendline higher TF auto drawn on lower TF

  • #1
  • First Post: Mar 2, 2012 2:05pm Mar 2, 2012 2:05pm
Hello, I was wondering today if there is actually an indicator around that is able to auto draw a trend line from one TF to another.

For example I have drawn a trendline on the 1H chart. Is there any way to make this specific drawn trendline show up on the 5M chart?

Iīm aware it will show "less accurate" on the lower TF's. I'm just trying to get my hands on an indicator like this because I'm a big fan of trading confluences on long and short term TL's.

Image below in hope my question will be more clear this way..

1H chart(top) 5min(bot)
http://img252.imageshack.us/img252/167/15846512.gif
http://img833.imageshack.us/img833/8439/91957149.gif
  • #2
  • Mar 2, 2012 6:07pm Mar 2, 2012 6:07pm
Quoting Robertk
Hello, I was wondering today if there is actually an indicator around that is able to auto draw a trend line from one TF to another.

For example I have drawn a trendline on the 1H chart. Is there any way to make this specific drawn trendline show up on the 5M chart?

Iīm aware it will show "less accurate" on the lower TF's. I'm just trying to get my hands on an indicator like this because I'm a big fan of trading confluences on long and short term TL's.

Image below in hope my question will be more clear this way..
Although not free may do what you want.
http://www.truetl.com/
  • #3
  • Mar 3, 2012 5:53am Mar 3, 2012 5:53am
Quoting cyber1
Although not free may do what you want.
http://www.truetl.com/
Thanks for your reply but that was not quite what I was looking for I like to draw the trend lines myself so I simply want one drawn trend line on the higher TF to auto show on the lower TF. Unless that's an option within the above program I'm searching for something else. Thanks anyway!
  • #4
  • Mar 4, 2012 10:57am Mar 4, 2012 10:57am
But don't TLs drawn manually in one timeframe automatically show up in other timeframes as well when you cycle thru the TFs?

Or do you mean you need it to show up in another chart (same pair, different TF)?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #5
  • Mar 4, 2012 1:30pm Mar 4, 2012 1:30pm
Quoting skenobi
But don't TLs drawn manually in one timeframe automatically show up in other timeframes as well when you cycle thru the TFs?

Or do you mean you need it to show up in another chart (same pair, different TF)?
Exactly, thatīs what I meant. A TL that shows up in another chart, same pair, different TF. Sorry for any previous confusion.
  • #6
  • Mar 4, 2012 1:39pm Mar 4, 2012 1:39pm
Robert

Give me a week I am current writing a program that you may be interested in that manages trend lines and S/R lines. I have a few more things to do but cant do it till the market opens. the screen shot was taken this week end, market close.

the trend lines on the price chart only, not the complete platform.

you just mouse over one of the crayons on the top and it generates a trend line for you to place were you want it and then it will manage it for you, when its broken the trend line will darken and be broken line see attach.

Keit







Quoting Robertk
Thanks for your reply but that was not quite what I was looking for I like to draw the trend lines myself so I simply want one drawn trend line on the higher TF to auto show on the lower TF. Unless that's an option within the above program I'm searching for something else. Thanks anyway!
Attached Image (click to enlarge)
Click to Enlarge Name: Crayon Trend Lines.jpg Size: 94 KB
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #7
  • Mar 4, 2012 4:12pm Mar 4, 2012 4:12pm
Quoting CockeyedCowboy
Robert

Give me a week I am current writing a program that you may be interested in that manages trend lines and S/R lines. I have a few more things to do but cant do it till the market opens. the screen shot was taken this week end, market close.

the trend lines on the price chart only, not the complete platform.

you just mouse over one of the crayons on the top and it generates a trend line for you to place were you want it and then it will manage it for you, when its broken the trend line will darken and be broken line see attach.

Keit...
If I reckon correctly I once saw a similar indicator to the one you are creating atm except for the fact it worked with supply and demand areas. These areas would fade color when they were tested once and completely disappear on 3+.

I must say managing horizontal as well as diagonal TLīs the way your indicator would looks really promising to me. Looking forward to it, keep up the good work !
  • #8
  • Last Post: Mar 4, 2012 5:29pm Mar 4, 2012 5:29pm
not sure what the supply and demand thing is...

just gave it a quick check with the market just opened, the trend line appear to work well, the SR lines need some more work...

This does not very the color it has two colors holding and broken it also does this blinking thing were it changes between the two as warning to the viewer that its getting close to braking.

Hopefully get it done this week.

Keit

Quoting Robertk
If I reckon correctly I once saw a similar indicator to the one you are creating atm except for the fact it worked with supply and demand areas. These areas would fade color when they were tested once and completely disappear on 3+.

I must say managing horizontal as well as diagonal TLīs the way your indicator would looks really promising to me. Looking forward to it, keep up the good work !
Trader Keit ... Methods Of A Dirt Road Mad Man....
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