Are you tired of the tedious task of manually drawing trendlines, only to overlook crucial market movements?
Bid farewell to the complexities of traditional trend analysis with our cutting-edge solution: Trendline Autom@ton.
More than an ordinary indicator, Trendline Autom@ton is your intelligent trading companion. Envision automatically drawn trendlines that dynamically adapt to market changes with exceptional precision. Driven by its state-of-the-art algorithm, this ingenious indicator handles the heavy lifting, providing you with extra time to strategize and maximize trading opportunities.
With full confidence in the uniqueness and breakthrough nature of Trendline Autom@ton, we assure you it stands apart from anything else in the market.
Why choose Trendline Autom@ton?
- Dual swing point identification modes: Drawing effective trendlines relies on pinpointing reliable swing points. Our indicator offers two unique modes designed to spot these swing points, seamlessly adjusting to match your individual trading preferences.
- Customizable false breakout detection: Typically, when a false breakout occurs, a trendline breaks and comes to a halt. In contrast, Trendline Autom@ton distinguishes itself by being immune to false breakouts. In simpler terms, its trendlines resist breaking due to false breakouts, extending until an authentic breakout occurs as specified by you.
- Limitless trendline count: The indicator allows an unrestricted number of trendlines on the chart, offering a comprehensive view of the price’s dynamics. Uptrend and downtrend lines assist in identifying the nearest support/resistance zones for potential price movements. The limitless quantity of trendlines empowers you to pinpoint robust support/resistance areas, as a dense concentration of trendlines signifies solid support/resistance zones.
- User-friendly interface:
- Quickly identify Uptrend and Downtrend trendlines by their distinctive colors.
- Effortlessly discern Active and Inactive Trendlines through solid and dashed lines.
- Easily toggle the visibility of trendlines on the chart using the Instance button, ensuring a comprehensive view of support/resistance levels across short-term, medium-term, and long-term trends.
How does it work?
1. Identifying swing points
The indicator offers two modes to identify swing points, tailored just for you:
- Mode: Base on Neighborhood: If analyzing market movements with a single timeframe is your preference, this mode is for you. It identifies swing points based on the range of candle count.
- Mode: Base on Swing Length: If you enjoy analyzing market movements across multiple timeframes simultaneously, this mode is crafted for you. It identifies swing points based on the change in Tick/ATR, ensuring consistency in swing points when changing the timeframe.
2. Drawing Trendlines
- Uptrend Trendline: Automatically drawn by connecting 2 adjacent Bottom and Higher Bottom swing points.
- Downtrend Trendline: Automatically drawn by connecting 2 adjacent Top and Lower Top swing points.
3. Detecting when a trendline is breached
You possess the freedom to determine when a trendline is breached by setting the desired count of candles with closing prices surpassing the trendline.
In cases where the count of candles with closing prices above the trendline falls below the user-defined threshold, it is recognized as a false breakout. As a result, the trendline doesn’t terminate; instead, it continues its extension.
Ready to enhance your trading journey? Leave behind the hassle of manual trendline drawing and embrace precision. Seize every trading opportunity, navigate seamlessly with a user-friendly interface, and unlock the endless potential of trendlines.
Experience the impact on your trading strategy by trying out Trendline Autom@ton now!
- Jan 15 2024 – The indicator was released (built new).