Auto Trend Channel

This indicator exponentially increases the value of trend lines by creating a parallel channel area of dynamic support and resistance. Creates any number of trend line channels (rising and falling)…and signals an arrow alert when price crosses below a rising channel, or above the falling channel. Added channel bounce signal in conservative or aggressive mode.

Key Features:

• Provides  traders with a shorter learning curve for mastering channel trading
• Automatically draws trend lines and channels for short term or long term trends
• Provides signals for both channel bounce trades and Trend line break trades
• Added audio signals and New Trend channel audio and visual feature

Additional Functionality:

• The MaxLines parameter lets you keep that many drawn lines on the chart for easy visual reference
• Optional email alert when price breaks the trend line
• TrendlineType parameter lets you determine if you want to view only Upward, Downward, or Either
• ”ShowChannels” parameter lets you reduce the channel to a single support/resistance trend line
• Full color and style customization parameters for the trend lines
• Historical lookback – position of each trendline is recorded on the chart using plotted dots
• Accessible to Strategies/Indicators – Plotted values of the trendlines are available to any other NinjaScript Strategy or Indicator…essential for strategy or additional indicator development.

Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

An FXCM NinjaTrader account is required (including free FXCM demo accounts).

FXCM is an independent legal entity and is not affiliated with Profitable Decisions Inc. DBA Indicator Warehouse. Profitable Decisions Inc. DBA Indicator Warehouse is not owned, controlled, or operated by FXCM.

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