The Indicator
automatically draws trend lines on the specified timeframe (Trend lines period parameter). The lines are drawn
based on the last two known fractals of the specified period.
A
peculiarity of this Indicator is that the lines are drawn with accuracy up to
15 minutes. It allows analyzing the chart on smaller timeframes without loosing
the precision of drawing the lines in relation to the extrema of the prices. It
is suitable for an intraday and medium term trading.
The minimum
timeframe for drawing trend lines (the Trend
lines period parameter) is 15 minutes, maximum – D1.
The
parameters of trend lines (color, style, width) are set by the input parameters
of the indicator.
The
indicator sends push notifications in case of price breakout of trend lines.
For this, the parameter Enable or
disable push notification must be set to True.
The period
of breakout and the frequency of sending notifications are configured in the
input parameters (parameter Breakout and
notification period). The notification is sent once in the specified
period.
Several
indicators with different parameters can be installed on one chart.
Input
parameters of the indicator:
- Trend lines period – parameter set the period on which the trend lines will be drawn;
- Breakout and notification period – parameter set the period by which the breakout of trend lines will be determined. Also once a specified period will be sent a notification;
- Enable or disable push notification – the option enables and disables push notifications;
- Resistance line color – the parameter sets the color of the resistance line;
- Resistance line style – the parameter sets the line resistance style;
- Resistance line width – this parameter sets the width of the resistance line;
- Support line color – the parameter sets the color of the support line;
- Support line style – the parameter sets the support line style;
- Support line width – this parameter sets the width of the support line.