Thank you so much for this indicator, it is so good radicaltour if its used correctly. My main method of trading is price action and this idicator will save me ots of time drawing my own trend line. Just look at this two pic and you will see how close I draw my lines. All black trend lines are drawn well before you posted the indicator. One with the indicator and one without. I take full adbantage of trend breakouts and using this indicator will save me time.
As you can see from the chart 2 trades given me 350 pips in less then 5 days. I entered a trade on the 11th of this month at 12.00 Alpari time and closed with 300 pips profit, now if I had your indicator It would have given me 200 or so pips more, your indicator signal short @ 1.3834. my manual trendline signal @ 1.3638. Please dont ask me why but I only trade eur/chf and eur/usd.
I dont understand the blue dimond, I ll apriceate if you can please give more details. I think its for shorter tf.
With the indicator you can identify triangle, chenals, double top/bottom, you just have to be fully focused. Works very well on 4hr tf, not tried on other tf.
that's incredible, HAS.
I can't tell the difference between your trendlines and from the indicator. hahahah
I've attached the full documentation for this indicator. You'll be very pleased to know it's even more powerful than just drawing trendlines.
Basically the idea is to draw trendlines based on ZigZags, which we know is the cornerstone of Waves (Elliott). So the different symbols (1), (2), (3) represents small/medium/large completed ZigZags. But the indicator only draws trendlines based on the (3) ZigZags, which means those trendlines are really strong and effective!
I'm really glad to hear that people will benefit from this indicator.