Hi all!

My new MT4 Indicator for Auto Trend Lines.
Indictor calculate the waves (impulses) and then pivot points.
This indicator don't use any ZigZag algoritm.

autotrend.gif

It ease for use and, I think, is very usefull.
The description of adjustments in the following comment

To familiarize with other my works it is possible here My works

Good Luck

Self-made algorithm calculation of impulses (waves) of the high and low periods is put in a indicator’s base. Any ZIGZAGS

Algorithm even in work, therefore a code yet I don’t spread. But beta-version of the indicator can be tried. It fully working. After discussion of the indicator at other forums, mistakes which have been found
will be corrected in the new version
Better to use this indicator as the advanced tool of the technical analysis. There are similar tools in Omega and other programs However, so it seems to me, that in a basis of their construction lay ZigZag.

Adjustments:

High_period=70 Value of the high period. It is desirable from 50. It will define global impulses.
Low_period=13 Value of the low period. It is desirable not less than 10. Smaller values can create mistakes. It is caused by that, calculation of low impulses is made on the current timeframe, without inquiries of younger timeframe data
Trigger_Sens=0.003 I s responsible for sensitivity of calculations, just for the low period. Than above themes is less sensitive, than below themes there are more mistakes. This parameter is very important. The default value is for "speed" currency. For low speed currency, it may be 0.0001-0.0005. Try it, and you will find usefull value.

StayLinesAfterDelete=false If will be TRUE all trend lines will stay on the price chart, after indicator cleaning

DrawHighPivotSemafor=True If True, draws semaphores of the high period, false - does not draw
DrawLowPivotSemafor=True The same to low period
DrawHighTrendLine=True If True automatically draws trend lines of the high period, false - does not draw
HighTrendLineResColor=Red; Color of upper resistance trend lines of the high period
HighTrendLineSupColor=Maroon; Color of upper resistance trend lines of the high period
HighTrendLineStyle=2 Trend Lines Style
HighTrendLineWidth=0 Trend Lines Width. It adjustable only if HighTrendLineStyle=0
Additional useful adjustment:

HighTrendLineExt=1.5 Factor of prolongation (extension) of the trend lines in the future, i.e. the trend line doesn’t stp on the second point, and it is prolonged forward (in the future). If 1 - any prolongation, the line begins in the first point and comes to an end in the second. If 1.5 - the line will be extended in 1.5 times, etc.

HighTrendLineInMemory=10 To not draw trend lines on the price chart for all history , leaves so much how many you want. If ZERO draws all trend lines of the history.

Adjustments of the low period trend lines precisely same as well as the high.


Plans for the future:
1. To improve algorithm of calculation of waves (use of the low timeframe data )
2. Additional constructions of the “fans” , " Lihvidov’s developing meter " , patterns (Wolf Waves, Gartli and so on)
3. Elliott waves calculation

Good luck everybody

For those who knows Russian.
On this forum two new tactics (trend and contrtrend) of trade come into a question with this indicator
Discussion of the indicator in Russian

Hi asystem2000,

I dont speak Russian but there seem some interesting discussions in the forum. İs there any indicator avaliable for the arrows in the graph?I think they are derived from pivot bars and they look interesting.

Something similar is observed.
Red Stop lines are the local Fibo correction levels.
Black lines are the local project entry break levels.
But I don't understand some figures

Yes. I think that Wave_AutoTrendLines indicator can be used as on the graph.
Such marking will correspond to semaphores of the low period

After the big ride on GY, Hooah !

Time to forward test :

I plot a vertical line when the orange dot appear :

Seems to be a ZigZag which appear after "X" bars

Attached Images

wave signal.jpg (68.0 KB, 6184 views)

__________________
Picasso is the best !

I shall strongly not discuss on this theme. I repeat, that ZZ is not used

About your example:
Each indicator demands adjustment for the each currency.
I'm using for GBPJPY:High period = 55, Low Period= 10 TrigSence=0.0005

Here is my example
gbpjpy examp.gif

As to me it's very useful.
You can see development of the High period waves.
Red trend lines emphasize its development and correction.
You can see behaviour of the low period waves inside of the red waves
You can see classical graphic patterns: Channels, triangles, crosses and others

If you will have this infirmation, you can adjust long period trade and short period trade (as swing or scalp)

This indicator not momentary. It draws only the confirmed facts.
For adjustment of the High and Low period, you can experiment values from this classical picture
Clip.jpg

All possible improvements for increase of sensitivity of the indicator will be made in the following version

Good Luck

All right !

Thanks for the GY settings !

__________________
Picasso is the best !

hello asystem2000,
can you bit explain why logs file under folder expert/logs so big?

thanks for sharing

These comments for testing of the indicator. They do not influence work and will be removed in future version