TrueTL - True Trendline Indicator

We made a minor improvements, and minor bugfix on the TrueTL indicators. The two new features:
- Lines To Background: You can move the TrueTL's lines to the background
- More information in the alert message

You can find the settings (and sample alert messages) on the HOME page, and the complete changelog on the UPDATE page.

http://www.truetl.com/uploads/9/4/9/...61503_orig.jpg

We are proud to announce this very useful new feature: multi timeframe redraw.

Until now: TrueTL drew trendlines in multi timeframe, but the redraw depended on the actual timeframe's candle sticks.
From this version: you can adjust the timeframe for redraw. So for example you can use h1's trendlines in m5 (with detailed break and backtest movements).


http://www.truetl.com/uploads/9/4/9/...64858_orig.jpg

COMING SOON: RSI and CCI Divergence Indicators

Otherwise we've just revamped our website for the better look and transparency.

The highly anticipated DIVERGENCE INDICATORS are released!

RSI and CCI Divergence Indicator, without the general problems of the other free or not free divergence indicators (inaccurate peak/bottom detection, divergence line draws over the candle-body, etc). It's calculate with the last 300 bars, and use a basic candle pattern and divergence slope filtering.

NON REPAINTING: the arrow will appear when the trigger candle is closed, but we have to use any filtering method (on the EXAMPLE page we mentioned some tips).

Go to our indicators...

New video about our 5 indicators

Hey Styan....would you have a true trendline with Macd? There's a nice thread in ff that covers this topic:

http://www.forexfactory.com/showthread.php?t=395428

If I understand...you would like to a trendline indicator that detect 2 highest and 2 lowest macd cross... Can you explain?

I saw some similar method (above/below 2-2 CCI extreme values for peak/bottom detection), but I'm not too convinced, that it's better method than the regular candle analysis. But we can talk about it...

The link below is to the thread and it pretty much explains everything on the 1st page if you want to look at it:


"MACD will show you the swing high and low for the current market then you can draw your trend line through this swing high and low." They were asking if this can be automated and I suggested your input if you see it as feasible. The thread creator has welcomed any input you may have....(see last post in thread)


http://www.forexfactory.com/showthread.php?t=395428

Ok, I understand. I will make some pictures why I think that the candle analysis is better than MACD or CCI. In many case the result is similar, but when draw an inner trendline by MACD, then is not too good. Candle analysis is better. (as I said I checked this few years ago)

TrueTL 1.81 is released!

We made a minor optimization and compiled our indicators to 445 build MT4. The only new feature is a small notification icon. From now, the alert messages (license expire soon, update released, etc.) will not reserve huge place on the chart, It only shows a small icon. If you move over the mouse pointer you can read the message.


Some major plan (that we are working on) for the 2013 year:

 

1. - S/R level function for all indicators
   - More trendline drawing algorithm
   - Trend direction indicator (based on accurate peak/bottom detection)
   - Stochastic, MACD, and other trendline and divergence indicator
   - Backtest ability for all indicators, multi timeframe ability for divergence indicators (as the main True Trendline Indicator has)
   - Improve server communication and redundancy
   - Extend our EXAMPLE page to a compact and informative site, where the beginners can read about useful and basically required things (money management, candle patterns, S/R levels and other basic tools, entry filtering methods, psychology), not about the dead end.
   - And many other things based on our and the client's ideas.

Stay tuned with our newsletter or with our social network pages.

We wish you a Happy and Successful New Year!

We are proud to announce these awaited new addon indicators:

 

1. Stochastic Trendline (with MTF and alert ability)
2. Stochastic Divergence (with alert ability)

These indicators are similar than RSI-CCI Trendline and Divergence, but with Stochastic.

www.truetl.com

Inserted Video

TrueTL 1.83 is Released!

The two new features are based on many customer's requests:

Improved alert functions: New alert function in the main trendline indicator (coming soon in addon indicators): from now, you can set an alert when the indicator is redrawing the trendlines, and their positions are changing. Furthermore, the alert message contains the type of alerted trendlines. For example, you will know if a broken trendline is a Normal / Long / 3Touch / Narrow trendline.

Line Chart compatibility: The Metatrader has three chart mode: Bar chart, Candlesticks, and Line Chart. Until now TrueTL worked with the first two, but from now it can draw the trendlines on the Metatrader's Line Chart.

You can find the complete changelog on the UPDATE page.

3 new FREE Indicators have been released on the website:

 

1. Stepless, colored and multi timeframe MA
2. Stepless, colored and multi timeframe Stochastic
3. Stepless, colored and multi timeframe Williams %P

Detailed description and quick download on the MT4 Indicators page...

I am trying to subscribe to your indicators on a monthly plan. Paypal is not accepting my method of payment and asking for it to be verified. Can you tell me another way to subscribe?

thanks

On the website we mentioned some other ways for purchase, but if I'm right based on your nickname, you could purchase succesful after your post.

We are happy to announce our two new addon indicators:

-Williams %R Trendline (with MTF and alert functions
-Williams %R Divergence (with alert functions)

One new feature for all indicators:

Smarter Update Method: From now, all TrueTL indicators have a simple file name without version number. If a new update is released, simply you can overwrite the indicator's files (automatically with our installer or you can do it manually from the zip file), and you can use continuosly the new indicators with your saved template and settings. The indicator settings panel's first field contains the actual version number.

We extended the EXAMPLE page with detailed description of our two trading strategies.

TrueTL 1.85 is Released!

Two new options for the divergence indicators:
- Line Chart: you can switch the indicators to draws divergence lines to the MT4's Line Chart.
- Candle Body Filter: until now our indicators filtered automatically the divergence lines that go over the candle-bodies. From now you can turn off this filtering if you would like to.

The EXAMPLE page is extended with a very important part of forex trading. We give you a short description and some advice about the Risk Management, including the placement of Stop Loss, the RR Ratio, the Lot size calculation, etc. We believe that no one can be a successful trader without this knowledge.

We are proud to announce this awaited function for the divergence indicators:


MULTI TIMEFRAME ABILITY FOR DIVERGENCE INDICATORS: You can watch indicator values of a higher timeframe without switching between the chart's timeframes. You can set timeframe of the indicator as follows: 0 = the timeframe used on the chart, 1=M1, 5=M5, 15=M15, 60=H1, 240=H4, 1440=D1, 10080=W1, 432200=MN1. IMPORTANT: The arrows will appear only when the higher timeframe's candle is closed to make sure that the candle’s configuration is validated and the divergence is fine.


You can find the complete changelog and DOWNLOAD the latest version on the UPDATE page. IMPORTANT: The current version will run under 509 build (or later) MT4.

On the EXAMPLE page you can find many useful advice about the forex trading.

We are happy to announce these long awaited indicators:

- MACD Trendline (with MTF and alert functions)
- MACD Divergence (with MTF and alert functions)

You can find the new features and DOWNLOAD the latest version on the UPDATE page.

Moreover you can download for FREE these new indicators from the Metatrader Indicators page:

- FREE MTF MACD Indicator (stepless and colored)
- FREE MTF Bollinger Indicator (stepless and colored)

New FREE indicator is released: MTF OSMA Indicator

From now we have 8 FREE indicators:
-MTF RSI
-MTF CCI
-MTF Stochastic
-MTF Williams%R
-MTF MACD
-MTF OSMA
-MTF MA
-MTF Bollinger

Common properties:
-Multi timeframe ability
-Stepless mode: eliminate the steps what causes the multitimeframe function
-Highly configurable style settings (colors, colormode, histogram mode, etc.)
-Low system requirements

DOWNLOAD THE FREE MT4 INDICATORS