TRENDCATOR - Trend Of Indicators

18. März 2023

Hello Traders :)
I am Only Fibonacci.
I would like to give you detailed information about this indicator that I have prepared.
With this tool you add to your chart, you can automatically draw the falling trend and rising trend lines of many indicators.

I've prepared a few extra nice things for you. With this indicator, you can see the instantaneous values of active trend lines and their distance from the indicator value.

We are now ready to introduce.
You can use this indicator in two languages. English and Turkish. The choice is yours.

When we enter the indicator settings, there is a group under the TREND heading. With the settings in this group, you can determine the sensitivity of the trends to be plotted. The lower the sensitivity, the less reliable the plotted trends will be. I am sure you will find the middle ground.
Trends are calculated by relationships between all detected peaks.

If you check the Show Data box, you can see the value of the active (unbroken) trends in the current candle. Sometimes it can create visual pollution. So you can remove it. Below will be a version view where the values of the trendlines are visible.



With this tool, you can add any indicator you choose from the settings section to the chart and draw the trend lines automatically.

You can add RSI, ATR, CCI, MFI, MOM and various moving averages to your chart and draw a trend line. Below will be an image of the Momentum indicator.



You can edit the following from the settings section of this tool:
The language you will use, EN-TR
Colors of trend texts
Trend sensitivity
Thickness and colors of downtrend and rising trendlines
Hide and show trends
Hide and show trend values
Changing the background and text color of the box where the indicator name appears
Determining the source of the selected indicator
Determining the period of the selected indicator
Determine the color of the line of the selected indicator


Note: If the period value is not used in the calculation formula of the indicator you selected, the period selected in the settings will not be included in the calculations.
Note 2: If the source value is not used in the calculation formula of the indicator you have chosen, the source value selected in the settings will not be used.
Broken, inactive trend lines disappear.

9. Apr. 2023

Versionshinweise

Added external source.
If external source is selected, the parameters below in the inputs section are not applied.
If External Source is selected, you can bring the data of the indicator you want externally attached to the chart and have them plot a trend.
Protection information:
If you are selecting an external source it will produce different values to hedge if it has close, open, high and low values.

9. Apr. 2023

Versionshinweise

Indicator colors group changed.

27. Juni 2023

Versionshinweise

Added options to select the number of violations and how many bars will remain active after the violation.

8. Juli 2023

Versionshinweise

The number of violations has been reduced.
Trendlines are now designed from tops to tops and bottoms to bottoms.
It is now very easy to detect incompatibility.
That's exactly what the "INVERSE" button in the settings is for.

8. Juli 2023

Versionshinweise

Moving average added