Discover the AutoTrendLines Indicator
Main Features:
Dual Detection Mode:
- Mode A: Dual Pivot Detection - This mode identifies trendlines using two pivot points to help you spot crucial market movements.
- Mode B: Adaptive Slope Analysis - Get insights with adaptive slope-based analysis that adjusts dynamically to market conditions.
Breakout Detection System:
- Automatic detection of support and resistance breakouts.
- Receive real-time alerts when breakouts occur, so you never miss a trading opportunity.
- Visual cues with arrow markers at breakout points to keep your strategy sharp.
- Customizable breakout threshold (in pips) to suit your trading style.
Auto-Adjust Feature:
- Your trendlines automatically adjust after breakouts, keeping your analysis up-to-date.
- Historical trendline data is stored, providing context for your trading decisions.
- View up to three historical trendlines for a comprehensive outlook.
Smart Visualization:
- Customize colors, thickness, and line styles for a personalized trading chart.
- Easy differentiation between support (lime) and resistance (orange-red) levels.
- Dimmed historical lines help you track past trends without cluttering your view.
Flexible Configuration:
- Over 15 customizable parameters allow you to tailor the indicator to your needs.
- Adjust lookback periods and edge offsets for even greater precision.
- Independent toggles for features let you streamline your trading setup.
Application: Perfect for swing and intraday traders, the AutoTrendLines Indicator supports precise trend detection and helps identify optimal entry points.
Original Source: Copyright 2012, Rone - mql5.com
Version: 2.0 (Optimized 2025)
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