All about Trend Line & Channel

I have two SHI channel indicator in my MT4 collection indicators folder. They are once very popular indicator for many traders.

Originally Posted by Tsar

iMaxMinTrends


The main idea – a connecting consistently the Daily, Weekly, Monthly Highs and Lows by the Trend lines to determine the direction of the Market. In this case, the Levels themselves highs lows also are plotted on the Chart.

The indicator shows the most important levels and the current direction of movement within the higher timeframes (> H4)

iMaxMinTrends is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

iMaxMinTrends provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

Hi,

Is it possible to label all the horizontal lines because it kinds of confuse me which lines belong to which, is there anyone who can change the code to put labels on the lines and remove the trendline because I don't think its useful only the horizontal line is useful imho, thanks.

Best Regards,
LearnAlways

New divergence indicator was created for premium section:

AllAbsoluteDifference Divergence_v2.5 600+ indicator is on this post (premium section link to download). This is the advanced divergence indicator based on AllAbsoluteDifference tool showing regular and hidden divergence with arrows and all kinds of alerts. The version is for the build 600 and above

AllBollingerBands
- AllBollingerBands_v2.0 600+ indicator is on this post. This version works with Metatrader 4 build 600 and above.
- AllBollingerBands_v2.1 600+ indicator is on this post. This is the updated AllBollingerBands indicator with the new of MAs and with the price lebels.This version works with Metatrader 4 build 600 and above.
- AllBollingerBands_v2.2 600+ indicator is on this post. This is the updated AllBollingerBands indicator with ability to be filled if ShowFilled=true. This version works with Metatrader 4 build 600 and above.
- AllBollingerBands_v2.4 600+ indicator is on this post. This is the the updated AllBollingerBands indicators with the MA_Shift parameter. This version works with Metatrader 4 build 600 and above.

Ang_Zad_C - indicator for MetaTrader 5

A trend-following indicator of the main and signal lines, drawn as a color cloud.

I have updated the indicator 'StepMA_V6.1' .

Line_Profit - indicator for MetaTrader 4

Indicator of the visual profit line in the deposit currency. It works only when there are open positions in the market for the symbol on which the indicator is installed. The line can be moved with the mouse.

Channels - indicator for MetaTrader 4

The indicator automatically finds linear channels using all timeframes.


During the first launch the indicator is most likely to notify of the absence of history data, because it needs 400 (default value) bars of each time period. In this case, switch to another time interval and switch back or restart the indicator.


If you click on the chart and press Ctrl, the channel will be redrawn based on the position of the mouse pointer.

Premium section indicator -

PriceChannelZigZag_v3.3 indicator is on this page. This is the version with with calculation of average half-cycle.

Instantaneous trend line - levels - indicator for MetaTrader 5

There are several versions of instantaneous trend line. The way it is used is varying from version to version, but some are relying to slope of the ITL for signals. That can produce too much signals.