Good morning,
I am looking for a trendline indicator. I have tried free ones and want something much more intelligent. I realize this is not as simple as it sounds because obviously drawing manual lines I always get exactly what I want and I may find that I am just happier doing that - but I want to consider my options. I don't mind paying for one, but only if it can closely replicate what I do myself. I fully plan to still draw my own trends most of the time, but its nice when I pull up a new symbol for the first time in a while, to have a close estimated trend pre-drawn for me so I don't always have to.
The main issue I have with most auto trend line indicators: They focus on narrowing trends and I want megaphones. See "good" and "bad" chart example
Most trend indicators just have a "length: setting which is just a very.. random way to base a trend on. I want one that is powerful enough to consider pivots, likely Fibonnaci based, and it should also be able to handle intraday as well as long term time frames.
It would be a bonus to have additional megaphones appear as the chart progresses, perhaps different colors, or an option to show the "X" most recent trends - but not a breaking point.,
Any suggestions if you have seen something with my demanding needs, please let me know
Thank you!
I am looking for a trendline indicator. I have tried free ones and want something much more intelligent. I realize this is not as simple as it sounds because obviously drawing manual lines I always get exactly what I want and I may find that I am just happier doing that - but I want to consider my options. I don't mind paying for one, but only if it can closely replicate what I do myself. I fully plan to still draw my own trends most of the time, but its nice when I pull up a new symbol for the first time in a while, to have a close estimated trend pre-drawn for me so I don't always have to.
The main issue I have with most auto trend line indicators: They focus on narrowing trends and I want megaphones. See "good" and "bad" chart example
Most trend indicators just have a "length: setting which is just a very.. random way to base a trend on. I want one that is powerful enough to consider pivots, likely Fibonnaci based, and it should also be able to handle intraday as well as long term time frames.
It would be a bonus to have additional megaphones appear as the chart progresses, perhaps different colors, or an option to show the "X" most recent trends - but not a breaking point.,
Any suggestions if you have seen something with my demanding needs, please let me know
Thank you!
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