I’m looking for automatic trendlines for the Forex. Any suggestions appreciated!
An automatic trendline indicator would be nice.
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July 31st, 2009 at 7:34 am
Have not heard about a software which draws trendlines automatically. If you don’t trust yourself to draw these lines yourself (like me) I’d suggest using a simple moving average of about 85 periods, or similar length. You’d be surprised how often it acts as a trendline.
July 31st, 2009 at 7:34 am
There are several EA’s out there that will populate the chart for you as the time progresses giving you the trendlines you wish.
July 31st, 2009 at 7:34 am
There are many out there…
This website compares some of them:
http://www.expertadvisormetatrader.com/
It seems to be missing Forex Funnel & Trend Stuffer though which I heard are good also.
July 31st, 2009 at 7:34 am
Here is a free video feed to some well-drawn Forex trendlines that get updated continually. It may be helpful to you.