The two new features are based on many customer's requests:
Improved alert functions: New alert function in the main trendline indicator (coming soon in addon indicators): from now, you can set an alert when the indicator is redrawing the trendlines, and their positions are changing. Furthermore, the alert message contains the type of alerted trendlines. For example, you will know if a broken trendline is a Normal / Long / 3Touch / Narrow trendline.
Line Chart compatibility: The Metatrader has three chart mode: Bar chart, Candlesticks, and Line Chart. Until now TrueTL worked with the first two, but from now it can draw the trendlines on the Metatrader's Line Chart.
You can find the complete changelog on the UPDATE page.
We made a minor optimization and compiled our indicators to 445 build MT4. The only new feature is a small notification icon. From now, the alert messages (license expire soon, update released, etc.) will not reserve huge place on the chart, It only shows a small icon. If you move over the mouse pointer you can read the message.
Some major plan (that we are working on) for the future:
S/R level function for all indicators
More trendline drawing algorithm
Trend direction indicator (based on accurate peak/bottom detection)
Stochastic, MACD, and other trendline and divergence indicator
Backtest ability for all indicators, multi timeframe ability for divergence indicators (as the main True Trendline Indicator has)
Improve server communication and redundancy
Extend our EXAMPLE page to a compact and informative site, where the beginners can read about useful and basically required things (money management, candle patterns, S/R levels and other basic tools, entry filtering methods, psychology), not about the dead end.
And many other things based on our and the client's ideas.
Stay tuned with our newsletter or with our social network pages. We wish you a Happy and Successful New Year!
The Highly Anticipated Divergence Indicators Are Released!
RSI and CCI Divergence Indicator, without the general problems of the other free or not free divergence indicators (inaccurate peak/bottom detection, divergence line draws over the candle-body, etc). It's calculate with the last 300 bars, and use a basic candle pattern and divergence slope filtering.
NON REPAINTING: the arrow will appear when the trigger candle is closed, but we have to use any filtering method (on the EXAMPLE page we mentioned some tips).
Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.
Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.
In addition, trading on a margin basis means that any market movement will have a proportionate effect on your deposited funds. This can work for you as well as against you. The possibility exists that you could sustain a total loss of initial margin funds.