Wave_AutoTrendLines - New MT4 indicator

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Hi all!

My new MT4 Indicator for Auto Trend Lines.

Indictor calculate the waves (impulses) and then pivot points.

This indicator don't use any ZigZag algoritm.

It ease for use and, I think, is very usefull.

The description of adjustments in the following comment

To familiarize with other my works it is possible here My works

Good Luck

Files:
autotrend.gif  80 kb
 
 

For those who knows Russian.

On this forum two new tactics (trend and contrtrend) of trade come into a question with this indicator

Discussion of the indicator in Russian

 

Hi asystem2000,

I dont speak Russian but there seem some interesting discussions in the forum. İs there any indicator avaliable for the arrows in the graph?I think they are derived from pivot bars and they look interesting.

 
mystified:
Hi asystem2000,

I dont speak Russian but there seem some interesting discussions in the forum. İs there any indicator avaliable for the arrows in the graph?I think they are derived from pivot bars and they look interesting.

Something similar is observed.

Red Stop lines are the local Fibo correction levels.

Black lines are the local project entry break levels.

But I don't understand some figures

Yes. I think that Wave_AutoTrendLines indicator can be used as on the graph.

Such marking will correspond to semaphores of the low period

 

After the big ride on GY, Hooah !

Time to forward test :

I plot a vertical line when the orange dot appear :

Seems to be a ZigZag which appear after "X" bars

Files:
wave_signal.jpg  69 kb
 
Big Joe:
After the big ride on GY, Hooah !

Time to forward test :

I plot a vertical line when the orange dot appear :

Seems to be a ZigZag which appear after "X" bars

I shall strongly not discuss on this theme. I repeat, that ZZ is not used

About your example:

Each indicator demands adjustment for the each currency.

I'm using for GBPJPY:High period = 55, Low Period= 10 TrigSence=0.0005

Here is my example

As to me it's very useful.

You can see development of the High period waves.

Red trend lines emphasize its development and correction.

You can see behaviour of the low period waves inside of the red waves

You can see classical graphic patterns: Channels, triangles, crosses and others

If you will have this infirmation, you can adjust long period trade and short period trade (as swing or scalp)

This indicator not momentary. It draws only the confirmed facts.

For adjustment of the High and Low period, you can experiment values from this classical picture

All possible improvements for increase of sensitivity of the indicator will be made in the following version

Good Luck

Files:
gbpjpy_examp.gif  61 kb
clip.jpg  26 kb
 

All right !

Thanks for the GY settings !

 

hello asystem2000,

can you bit explain why logs file under folder expert/logs so big?

thanks for sharing

 
hada:
hello asystem2000,

can you bit explain why logs file under folder expert/logs so big?

thanks for sharing

These comments for testing of the indicator. They do not influence work and will be removed in future version

 

Dear ladies and gentlemen!

For today, I know about many indicator bugs, it's normal, because it's BETA version. Therefore I did not hurry up spreads it at a forum.

Nowday the manufacturing the new version comes to an end.

These bugs will be eliminated.

Therefore my request.

Do not write more about the technical work party of the indicator till new version

Thanks for understanding

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