I give you, Auto Trend Lines Indicator.
The indicator has several options.
Tolerated - How many candles that does not respect the line is tolerated (predefined value 0)
Test whole - Test whole frame, do, the market respects the trend line.
Frame Size - How many periods before the last candle, indicator starts drawing the lines.
Fractal - As a starting point for the trend lines indicator use fractals, otherwise may use any candle.
Close or High and Low- Ignore the line if the High / Low value of the period exceeded the trend line, otherwise, it uses closing price, when checking.
Divergence / Convergence (0-100)
0 -The trend lines are moving away from the closing price
100 - The trend line are Convergencing
Recommendations, use fractals, fractals are simpler for the computer to calculate.
Suggestions are welcome, bugs, are possible.
Please try out the options, share with us the settings that give you the best results,
so i could make a lite version, auto version.
Last edited by Apprentice
on Fri Apr 16, 2010 3:34 am, edited 10 times in total.