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 for ourselves in 2010. It's been introduced on YouTube and several forums. We've experienced wide interest, so we decided to create this customizable mt4 indicator. 
1.5 VERSION IS RELEASED!

WARNING: IF YOU MEET THE OTHER SOURCES OF TRUETL INDICATOR, THAT IT IS A FAKE VERSION
/ ABOUT OUR EX4 PROTECTION /

FEATURES


  • Draws all trendline automatically
  • Two algorithm for trendline redrawing (Lazy redraw option)
  • Candle-body or high/low options
  • Automatic or manually refresh options
  • Unique backtesting ability
  • Compatible with offline charts (useful such as for Renko chart)
  • 3 touch trendline recognition
  • Intelligent M1-M5 fast analysis
  • Marks the highest and lowest trendline
  • Cut the trendline ending option
  • Many configurable options
  • +3 ADDON INDICATOR (shown below)

DETAILED USER'S GUIDE VIDEO (v1.01)

  • Username: enter your username that you received after purchase /more info about protected ex4/
  • Auto Refresh: refresh trendline when candle is close OR only when "calculate" script is attached (Testing ability: if you scroll back the chart, the attached  script will draw all past trendlines) 
  • Candle Body: trendlines are depending on candle's high/low OR candle's body
  • Normal TL Period: adjust lenght of a Normal TL in bars (if the trendline lenght longer than this, TrueTL marks it  as a Long TL, and we can see that is a higher timeframes's trendline)
  • Three Touch:  3 touch trendline recognition on the Normal TL
  • M1 Fast Analysis / M5 Fast Analysis: if you have a slower PC or you need only the closer chart movements in this timeframes, you can enable these option to faster operation.
  • Mark Highest and Lowest TL: modify the thickness of the highest / lowest trendline ending
  • Cut TL Ending: Cut the trendline ending when it's broken.
  • Lazy Redraw: The pattern recognition algorithm is the heart of TrueTL. It determines the trendline redrawing. You can choose this new "Lazy redraw option", which shows safer trendline breakout. 
  • Normal TL Color / Long TL Color: specify the color of the Normal and Long TL (You can adjust 'None' color for them, then only the 3touch trendline will be visible) 
  • Three Touch TL Widht:  specify the widht of the 3 touch trendlines
  • Three Touch TL Color:  specify the color of the 3 touch trendlines
  • Narrow TL Color: In uncertain market situation, there are many possible trend lines. TrueTL filters the „too close” trendlines, you can set the color of this
  • User Notification Corner:  set the corner on the chart to show the user notification such as if your subscription expire soon, or a new update is released
MORE INFO AND PICTURES

ADDON INDICATOR #1
TRENDLINE ALERT
Additional trendline alert indicator with many configuration capabilities. Important: It's working with all visible trendline on the main chart, not only with TrueTL's. But the indicator's subwindows are not supported yet.
/ 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 in the RSI indicator window. 
FEATURES AND SETTINGS:

- Username:  enter your username that you received after purchase /more info about our protected ex4/ 
- 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 the color of the trendlines
- User Notification Corner:  set the corner on the chart to show the user notification such as if your subscription expire soon, or a new update is released   

ADDON INDICATOR #3
CCI TRENDLINE
CCI trendline indicator which draws all trendline automatically in the CCI indicator window. 
FEATURES AND SETTINGS:

- Username:  enter your username that you received after purchase /more info about our protected ex4/ 
- CCI Period: you can set the period of CCI
- CCI Price: you can set the CCI price (0=close; 1=open; 2=high; 3=low; 4=median;5=typical; 6=weighed)
- CCI Color: specify a color of the RSI indicator
- Trendline Color: specify the color of the trendlines
- User Notification Corner:  set the corner on the chart to show the user notification such as if your subscription expire soon, or a new update is released