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[Solved] simple trendline indicator with dash

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Vasquez
(@vasquez)
Active Ideas Idea Master
Joined: 7 years ago
Posts: 5
Topic starter  

pls make simple trend line indicator. With spotting breakout

Like 

https://www.babypips.com/learn/forex/spotting-breakouts

triangles:

  1. Ascending triangle
  2. Descending triangle
  3. Symmetrical triangle

and a dash to alert with crypto when breakout about to happen. Before candles actualy jump.

gracias

grade13 symmetrical triangle breakout
grade13 descending triangle entry
grade13 ascending triangle entry

 


   
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 Abir
(@abir)
Admin
Joined: 8 years ago
Posts: 34
 

Hi,

Sure.. I already have a trendline indicator like this:

2024 12 11 3 46 33

I'll add the triangle type and alerts to it. And maybe add the alerts to a scanner. I'll let you know as I make progress.


   
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 Abir
(@abir)
Admin
Joined: 8 years ago
Posts: 34
 

Just wanted to inform... the scanner will just be simplistic. Only trendlines/channels type and maybe how many bars till trendlines intersect etc.

So, users can prepare for a possible breakout soon.

It won't really give any Buy/Sell signals. I'll try to add breakout signal alerts, but traders will need to read overall chart. As with trendlines there can be a lot of false breakouts. And it's very important to manually check the signal. Also, trendlines will keep readjusting to new price. I don't think Buy/Sell signals will work with this.


   
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 Abir
(@abir)
Admin
Joined: 8 years ago
Posts: 34
 

Sent you a sample demo. For the trendline with breakouts. Scanner is still under development. Will send soon.


   
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Vasquez
(@vasquez)
Active Ideas Idea Master
Joined: 7 years ago
Posts: 5
Topic starter  

tried demo. looks good. dash will be great. thnx. let me know when to buy.


   
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 Abir
(@abir)
Admin
Joined: 8 years ago
Posts: 34
 

I worked on the scanner, but for trendlines, the lines need to exist on chart in order for it to calculate the correct values. And slope of the trendlines. So it can detect the correct patterns.

Scanner needs to draw the objects and then delete them. It adds a bit of overhead. So when using many pairs like all 28 pairs and 4 timeframes, it can take 4-5 seconds to refresh. But when using all 9 timeframes, it will take 9-10 seconds. I'm emailing you the scanner demo. See how it works and let me know. I would suggest not using too many pairs/tfs simultaneously.

2024 12 30 20 41 38

 


   
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Vasquez
(@vasquez)
Active Ideas Idea Master
Joined: 7 years ago
Posts: 5
Topic starter  

am ok with slight wait refresh. wont use many tf. like scasnner so far. but no breakout alerts.


   
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Vasquez
(@vasquez)
Active Ideas Idea Master
Joined: 7 years ago
Posts: 5
Topic starter  

thank u for changing. spent whole week testing. working good. im ready to buy. demo will end soon.


   
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 Abir
(@abir)
Admin
Joined: 8 years ago
Posts: 34
 

Most welcome. Detailed blogpost:

https://www.mql5.com/en/blogs/post/760476

Main Product:

https://www.mql5.com/en/market/product/129385


   
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Vasquez
(@vasquez)
Active Ideas Idea Master
Joined: 7 years ago
Posts: 5
Topic starter  

thnx so much!


   
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