Banzai wrote: Sat May 20, 2023 4:25 am
Dadas True Trend
coder: Dadas
In the M15 AUDCAD example below, the two horizontal red lines are
BOS (Break of Structure).
They break out to the uptrend.
For more about
BOS, check out this post:
viewtopic.php?p=1295512777#p1295512777
My rating:
10 out of 10; recommended
This is probably the best intraday (lower than the Daily timeframe) auto trend line indicator I've tested.
It's a little different to True TL and Fractals Auto Trendlines which are both powerful and educational indicators that teach new traders how to draw triangle chart patterns, trend lines, and they emphasize on generating the more larger, significant trend lines. But this indicator's focus is on the "Break Of Structure" which can be used by lower timeframe traders and scalpers who are active.
I came across a message in our inbox regarding how well this code worked. So I've gone back, tested it and featured it today.
Thank you Banzai, although I'm late to the party, you rock brother.