Demark trend lines are drawn from Swing High and Swing Low points.
Swing High is a local maximum, which preceded or followed by a lower maximum candles.
Swing Low is a local minimum, which preceded or followed by a higher minimum candles.
Demark trend lines Crossover gives a Buy or Sell signals.
Distance from the trend line to the farthest extremes is equal to the distance from the point of breaking a trend line to the profit goal.
Fractal Version by Alex
I added a Line Extension and TD Line Target for Alex Fractal version.
Trend Line Version
- DTL.lua
- (4.08 KiB) Downloaded 4257 times
For use with Strategys Version
- TDL.lua
- (12.28 KiB) Downloaded 1060 times
To work, you should install, AutomaticTrendLine indicator.
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