TRUE TRENDLINE INDICATOR

TrueTL is a trendline indicator for Metatrader 4, which draws all trendline automatically. It’s different than other auto trendline solutions for MT4. TrueTL counts the beginning points from the actual timeframe's historical data, and the trendline ending is depending on the last visible pullback level. 

Originally we made a trendline-tracer script to ourselves in 2010. It's been introduced on YouTube and several forums. We've experienced wide interest, so we decided to create this indicator.

NEW VERSION IS RELEASED! CLICK HERE FOR DETAILS...

WARNING: IF YOU MEET THE OTHER SOURCES OF TRUETL INDICATOR, YOU CAN BE SURE THAT IT IS A FAKE VERSION, 
AND IT’S NOT GONNA WORK FLAWLESSLY. SOME PART OF THE ALGORITHM, WHICH IS RUNNING ON THE SERVER, CAN NOT BE ACCESSED.

FEATURES

  • Draws all trendline automatically
  • Automatic or manually refresh options 
  • Always depending on the last visible pullback level 
    (Testing ability: if you scroll back the chart, the attached  script will draw all past trendlines.)
  • Customize how many bar contains a normal or a long trendline (long trendline: higher timeframe's trendline)
  • 3 touch trendline recognition
  • Adjust M1-M5 fast analysis
  • Marks the highest and lowest trendline
  • Customize each color of the normal and long trendline
    (You can adjust 'None' color for them, then only the 3touch trendline will be visible)
  • Customize color and width of the three touch trendline
  • +2 ADDON INDICATOR (shown below)

DETAILED USER'S GUIDE VIDEO (v1.01)

ADDON INDICATOR #1
TRENDLINE ALERT

Additional trendline alert indicator with many configuration capabilities. 
Important: It's working with all visible trendline on the chart, not only with TrueTL's.
/ MANY THANKS TO FOREXRISKA.COM FOR USEFUL HELPS / 
FEATURES AND SETTINGS:

- Break Alert After Close: alert at trendline breakout after the candle is closed
- Break Alert Before Close: alert at trendline breakout before the candle is closing
- Touch Alert: alert when price approaching a trendline
- Touch Distance: you can set the distance (in pips) till the trendline where the alert will be triggered
- All trendline alert: alert on all visible trendline OR alert for only the two lines, that name is given below
- High TL Name / Low TL Name: adjust the name of the two trendlines to alert
- Email Alert  /Popup Alert / Sound Alert: you can switch alert modes
- Sound File: specify a sound file that plays a sound alert
- Pictogram Alert: shows a wingdings character of the alert
- Pictogram symbol: specify the wingdings character’s number
- Pictogram Corner: you can set a corner on the chart to show the pictogram (value: 0-3) 

ADDON INDICATOR #2
RSI TRENDLINE

RSI trendline indicator which draws all trendline automatically on the RSI indicator window. 
FEATURES AND SETTINGS:

- Username: enter your username that you received after purchase /more info about our protection/
- RSI Period: you can set the period of RSI
- RSI Price: you can set the RSI price (0=close; 1=open; 2=high; 3=low; 4=median;5=typical; 6=weighed)
- RSI Color: specify a color of the RSI indicator
- Trendline Color: specify a color of the trendlines