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Showing results for tags 'trendlines'.
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Chart pattern recognition tool on MT trader would be invaluable for traders. And perfect addition to your candlestick recognition, maybe added in a similar way. Basic technical analysis patterns... Identifying flags, wedges, channels, triangles, double triple top/bottom etc. and drawing those trendlines on the chart automatically. Also, a separate option that automatically draws trend lines that connect for support and resistance as it touches the level a second and third time, whether there is a full pattern or not. Would be great to see trend lines for support/ resistance for each chart as a forecast in my opinion. What do you think of this addition realistically?
Good Evening. I would like to know if there is any possible way to draw a trendline on a historical chart (Daily) and make it appear on the intraday too? Also, is there any way to draw horizontal trendlines but not plot them as a new indicator? Regards Jean
When mapping trendlines on extended intraday charts (using full 120 days), trendlines spanning close to the entire chart (over 100+ days) don't always save. When the program is reopened, the longer term trendlines previously drawn are likely to be absent. This doesn't happen all the time, but usually after a few exit-saves and restarts- but it is fairly consistent that eventually the longer term spanning trend lines will eventually fail to save and be absent when the program is opened. The interesting thing is when the trend lines vanish, all the parallel lines typically vanish as opposed to just a few lines on that particular trend line angle. I've also tried setting up one of the trend lines as an "alert", but that isn't a fail safe either. The shorter term drawn trend lines don't seen to be affected.