Trendline Autom@ton

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Regular Price $496 Special Price $233

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Product Description

Experience a paradigm shift in your trading journey with Trendline Autom@ton

 

Bid farewell to the tedious task of manual trendline drawing that often results in missed market movements.Our cutting-edge solution redefines traditional trend analysis, offering you more than just an ordinary indicator—it's your intelligent trading companion.

 

Picture this: Trendlines that seamlessly adapt to market changes, automatically drawn with exceptional precision.

 

Fueled by its state-of-the-art algorithm, this ingenious indicator takes on the heavy lifting, granting you valuable time to strategize and capitalize on trading opportunities.

 

What sets Trendline Autom@ton apart?

  • 2 modes for swing point identification: Drawing effective trendlines relies on pinpointing reliable swing points. This indicator provides 2 distinct modes to identify swing points, perfectly adaptable to your unique trading style.
  • User-defined False Breakout detection: While typical trendline indicators succumb to false breakouts, Trendline Autom@ton stands out by being immune to them. Its trendlines resist breaking due to false signals, extending until an authentic breakout occurs as specified by you.
  • Limitless trendline count: Forget restrictions—the indicator allows an unrestricted number of trendlines on the chart, providing a comprehensive view of price dynamics. Trendlines 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 zones.
  • User-friendly interface: Navigating trends is a breeze with Trendline Autom@ton's user-friendly interface. Quickly identify Uptrend and Downtrend trendlines by distinctive colors, recognize Active and Inactive Trendlines effortlessly, and toggle visibility with the Instance button for a comprehensive view.
 
How does it work?

1. Identifying Swing Points:

 

The indicator caters to your preference with 2 tailored modes:

  • Mode: Base on Neighborhood: Ideal for those who prefer analyzing market movements with a single timeframe, it identifies swing points based on the range of candle count.
  • Mode: Base on Swing Length: Crafted for those who enjoy analyzing market movements across multiple timeframes simultaneously, it identifies swing points based on the change in Tick/ATR, ensuring consistency 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. Triggering breakout signals

 

The indicator generates a signal whenever the price crosses the trendline:

  • It triggers a breakout signal in a downward direction, indicating that the price continues to decline when a bearish candle closes below an upward trendline.
  • It triggers a breakout signal in an upward direction, indicating that the price continues to rise when a bullish candle closes above a downward trendline.

4. Detecting when a trendline is breached

 

You have the flexibility to control when a trendline is breached by specifying the required number of candles with closing prices surpassing the trendline.


If the number of candles with closing prices exceeding the trendline is below the user-defined threshold, it is identified as a fake breakout. Consequently, the trendline doesn't conclude but rather continues to extend.

 

Ready to upgrade your trading experience with a reliable companion? Say goodbye to manual trendline drawing and hello to precision with Trendline Autom@ton. Maximize your trading opportunities, enjoy a user-friendly interface, and take advantage of limitless trendline possibilities. 


Buy Trendline Autom@ton now and witness the difference in your trading strategy!

Dedicated NinjaScript signals:

  • Signal_Trade: 1 = bullish, -1 = bearish, 0 = no signal
 

Software Changelog

  • Mar 16 2024 - “Swing Point Rendering Method” was added.
  • Mar 10 2024 - "Signal_Trade" was added.
  • 15 Jan  2024 - The indicator was released (built new).

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These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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