Borshchov A.N. wrote: Tue May 17, 2022 8:17 pm what is so unique about its source code that I would spend money on it? tell us ...
If you are thinking of the 1.01 version of TrueTL indicator from 11 years ago, please find below a few developments that have been made since:
- Available on MT4 and MT5 as well
- Highly configurable alert funtion (break alert before/after candle close, approach/touch, new trendline appears via email, push, sound, popup, pictogram, csv)
- Multi Timeframe ability
- Compatible with line chart and offline chart (renko or others)
- Highly customizable alert functions
- Fully customizable stye settings
- Two algorithms for trendline redrawing and candle body drawing option
- Triangle Mode (draws only two trendlines)
- 3 touches trendline recognition with sensitivity settings
- Cutting the trendline ending option
If you are thinking of our divergence indicators, for instance, to sum up what errors I have encountered with all the free/purchasable indicators that I know:
- Inaccurate peak/bottom detection
- Divergence line draws over the candle-body or the oscillator line
- Alerts divergence in advance before the peak/bottom validation, then the sign either disappears or remains there (in our indicators this is the divergence prediction function and is drawn with a different color so that users will know that the indicator alerts earlier, however, the risk is greater too)
- It has less features than our indicators
Here are two examples of the above errors: the upper image is of our RSI divergence indicator; the bottom one is of a random, free RSI divergence indicator.
I know that generally everyone likes to get everything for free or at a lower price, in fact, I am no exception as well, however there are certain cases where it's worth choosing the not-for-free/more expensive option for convenience and better trading results. Of course it is possible to trade successfully with free indicators, it is your choice.
