Simple Trend Lines/Channels

luxinterior · #1 (**permalink**) 05-19-2007, 05:15 AM

I like to have channels on my 30M chart from W1, D1 and H4 so I adapted the SHI_Channel_true indicator to allow me to do just that. Now it takes me 30 seconds at the beginning of my trading day to draw the channels.

I've attached it to this post just in case anybody else finds it as useful as I do.

Instructions are in the file but just here they are again...

Code:

//+------------------------------------------------------------------+
//|                                                                 
//|         SUGGESTIONS FOR USE    
//|         -------------------    
//|        1. Put on WK chart, set color, remove from chart.
//|        2. Repeat on all currency pairs you trade.
//|        3. Change TF to D1, set color, remove from chart.
//|        4. Repeat on all currency pairs you trade.
//|        5. Do the same on 4HR TF of all pairs.
//|                                                               
//|        Don't forget to remove indicator before switching TF's!!!!
//|                                                                  
//+------------------------------------------------------------------+

Lux

emulatore · #2 (**permalink**) 12-28-2007, 04:46 PM

In attachament is an indicator that automate this task.

Please test it and post the results if they are the same.

Thanks,
Thomas

droesparky · #3 (**permalink**) 12-28-2007, 06:54 PM

Why do you remove the indicator from the chart after you put it on?

emulatore · #4 (**permalink**) 12-30-2007, 09:54 AM

I don't remove the indicator, i delete all objects created by it so, if the trendline has changed, so, the old lines does not remain on the screen.

luxinterior · #5 (**permalink**) 12-30-2007, 11:20 AM

Quote:

Originally Posted by droesparky

Why do you remove the indicator from the chart after you put it on?

well the way i use it is to put it on a 4hr for example, it draws the channel, then remove the indicator but the channel remains. Try it and you'll see.

If you leave it on and move to another TF it will redraw it again but you will have two channels with the same color which isn't very helpful.

I don't want it to keep changing as the session develops and I also want different colored channels for each TF. That's why I delete it.

Hope that helps some...

Lux

emulatore · #6 (**permalink**) 12-30-2007, 02:08 PM

This indicator just automate the task, you just put on the chart, and them remove it.

It does not do anything more than this.

If you want different colors for different timeframes, you just change them before put the indicator on the chart, using the settings.

Pretty simple and easy to use.

This indicator is just an automation for me and others that would have to insert 3 or 4 more times the same indicator then delete it.

You just insert my #(SF_TREND_LINES_ALL).mq4 on the chart, on anytime frame, you first set to true or false the lines you want for each timeframe frame, after you done this, you delete #(SF_TREND_LINES_ALL) from the chart, and all lines will already be drawed.

Hope it helps

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