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Trend Lines ZFS

The indicator draws channels. The estimated movement of the price within the channel is shown with a dotted line.

The lines of the channel are the support and resistance lines. This allows using them in both rebound and breakout trading. The inclination of the channel allows determining the direction of the current trend, the channel width and angle allow estimating the current volatility.

The channels are based on fractal bars, determined using the author's original method, 4 dimensions from the first smallest to the fourth highest.


Indicator Parameters

  • swPriceMoveLine - toggle the lines of the estimated price movement direction in the channel.
  • swTrendLine1 - toggle the trend lines of the 1st dimension.
  • Width1 - thickness of the trend lines of the 1st fractal dimension.
  • colorDn1 - color of the lower line of the 1st fractal dimension.
  • colorUp1 - color of the upper line of the 1st fractal dimension.
  • swTrendLine2 - toggle the trend lines of the 2nd dimension.
  • Width2 - thickness of the trend lines of the 2nd fractal dimension.
  • colorDn2 - color of the lower line of the 2nd fractal dimension.
  • colorUp2 - color of the upper line of the 2nd fractal dimension.
  • swTrendLine3 - toggle the trend lines of the 3rd dimension.
  • Width3 - thickness of the trend lines of the 3rd fractal dimension.
  • colorDn3 - color of the lower line of the 3rd fractal dimension.
  • colorUp3 - color of the upper line of the 3rd fractal dimension.
  • swTrendLine4 - toggle the trend lines of the 4th dimension.
  • Width4 - thickness of the trend lines of the 4th fractal dimension.
  • colorDn4 - color of the lower line of the 4th fractal dimension.
  • colorUp4 - color of the upper line of the 4th fractal dimension.
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The main function of the indicator is to draw the target lines (support and resistance lines). The lines are plotted according to a special fractal algorithm. The lines are calculated with consideration of the zero bar. A different, more complicated calculation algorithm is used on the zero bar, in contrast to the other bars. This allows reacting to the market situation in real time, but on the other hand, redrawing is possible on the zero bar. If necessary, the zero bar can be omitted from calc
Пинбар — это лишь 1 свечка или бар, представляющая собой цену, что отскочила от максимального или минимального ценового уровня. Свечка открылась, цена пошла в одном направлении и затем резко развернулась за период свечи — так формируется пинбар. Пинбар легко заметить — длинная тень (хвост), маленькое тело. Запомните: не все свечи с длинным хвостом являются пинбарами. Только когда хвост намного больше тела свечи, формируется пинбар. Как правило, рынок при этом закрывается там, где открылся или по
A regression channel based on roughened fractals. Parameters: Period ReCalculate - indicator calculation period switch Zero (Last) Bar-count the last open bar? switch Push notifications when changing the position of the rounded price relative to the channel Line Risk-displaying the risk line Coeff Risk,% - the maximum percentage in the transaction as a percentage The channel allows you to evaluate the trend and its strength in the market and correctly place a request for a transaction wit
A graphical indicator for analyzing the result of trading, arrow indicators, the work of the adviser, the development of a trading strategy. One main parameter is the minimum percentage of profit. The indicator shows all trends on any chart, taking into account the closed bar and fractal, calculates the maximum percentage of profit in each trend. Additionally calculates the average profit percentage of the instrument. A larger percentage among the instruments indicates the historical attr
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