TrendLine_Alpha_v1.5 is a Specific source code file for a MetaTrader 4 (MT4) Technical Indicator.
It's designed to Identify & draw Trend Lines on price Charts to assist in Trend analysis and Trade execution. There are included Alerts and e_mails notification.
Key Details and Functions
Indicator Type : It Functions as an Automated or Semi-Automated Trend line mapping tool.
Based on the available information :
Functionality : It acts as a Trendline identifier, possibly plotting Lines based on Price Action.
Usage :
It is Generally used by Traders for Visualizing Market Structure and Trend changes (Breakout trading).
- Version History :
Version 1.5 is an Update from previous versions like v1.4.
- Issues : An User have requested modifications to Remove excessive Arrows that appear with every Candle that meets the Condition, indicating the code may need refinement in its breakout detection logic.
- Redrawing : The indicator has been described as having trendlines that redraw, while the signals (arrows) do not update accordingly.
** rijay have Posted TrendLine_Alpha_v1.4 in :
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