MetaTrader 4 Common Sense Trend Line Drawer

Has anyone found a common sense trend line drawer (custom indicator) for MT4? This is for automatically drawing major and minor support & resistance lines between significant highs and lows that form triangles and other breakout patterns. This is not the Tom DeMark trend line drawer that is widely available and only draws trend lines between the most recent swing points which disappear once a new line is plotted.

Please advise and all the best,

Frank

you can try autochannel but it also is not the ultimate common sense drawer.

piccolo;

What is autochannel and where can I access it to try it out? What are its limiting factors?

Thanks so much for your input! All the best,

Frank

For MT4 indicators go to:

http://www.xeatrade.com -Library
http://www.forex-tsd.com -Great Technical Forum


Good Luck!
Alex

OK, It is not mine but I'll attach. The indicator is self explanatory and probably is not what you are looking for.