Auto Trend Lines

[Apprentice]

Auto Tend Lines

I give you, Auto Trend Lines Indicator.

Auto Tend Lines options

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.

Request
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.

[Apprentice]

Auto Trend Lines.lua

Updated

(9 KiB) Downloaded 10464 times

[Apprentice]

Thank you, Nikolay, on your help with code optimization, I would not succeed without you.

Especially for your help with the Update segment, probably would not have thought of that.
In Draw function, I have more or less adapted to your code or I thought to make something like that.

[Apprentice]

Oscilator

Michael, as you requested, I have prepared Auto trend indicator which can be applied to oscillators, indicators.

Auto Trend Lines Oscilator.lua

Auto Trend Lines

(8.52 KiB) Downloaded 6470 times

I did not have time to fully adapt the code, yet.

The next task is obvious, Linking these two indicator in one, in order to obtain an indicator,
which shows the convergence and divergence between the indicators and the closing price.

[david.gol]

Is it possible to extend the lines into past and future?
Thank you

[Apprentice]

Added to developmental cue.

[DS0167]

Hello,

Nice one, thank you.

But I provided a mq4 for translation into lua for Tom Demark Lines, could you please tell me (us) when you will find time to translate it ?

Thank you in advance.
Kind regards,
DS0167

[Apprentice]

The indicator is in the developmental cue.
A colleague took this job.
Hopefully soon.

[DS0167]

Thank you Apprentice. I am so eager on Tom Demark lines

Meanwhile I am running with Auto Trend Lines and you did (again) a nice job on this one

Thank you for all the hard work you are doing for us

Kind regards
DS0167

[cmsdeveloping]

Hello,

My trading time frame is 4h / 30min ..how to set the best default "frame size" ?


thanks