Trendlines would be the most essential instrument of technical analysis from forex trading. Unfortunately, most traders don’not draw them correctly. Automated Trendlines index is a professional tool for serious traders that enable you to visualize the trending motion of the markets.
in the uptrend, Forex trend line is drawn through the smallest swing-points of the price move.
Connecting at least two “lowest lows” will create a trend line.
In the downward trend, trend line is drawn through the greatest swing-points of the price move.
Connecting at least two “greatest highs” will create a trend line.
A bullish trendline breaks when a bearish candle closes below bullish trendline and the high of the candle is above trendline.
A bearish trendline breaks when a bullish candle closes above bearish trendline and the low of the candle is below trendline.
A bullish trendline deletes when a full candle forms below bullish trendline.
A bearish trendline deletes when a full candle forms above bearish trendline.
You can change the color and width of Bullish and Bearish trendlines from input parameters.
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