Trendline Indicator

[andypap 10]

hi

 

does anybody has and wish to share or knows where to find a trendline like indicator ?

 

to explain better the code should not have Tl type functions and will plot values on everybar.it should resemble a trendline even if its not as exact as a manually drown trenline...

 

my own best shot at this was to take a long term average that resembels a trendline

and then

if the close > than the average i would store the highest for barcounter above the average,

take the difference (highest(h,barcounterabove) - average ) and add that number to all bars that h < highest(h,barcounterabove) to the average value..

 

the result is a channel like projection that keeps the average slope untill a new high is found..

 

regards

[BlowFish 10]

Barry over at emini watch has one for TS but its a paid for job. Not sure its how I'd want them drawn either. Quotetracker has one too I seem to remember it being a bit weird at times. (freebie though) Could check Clyde Lee's site too (He does pitchforks but I don't think trendlines). Finally I wonder if any of the Hershey crowd have one? Last I looked it was all 'tapes' which doesn't help really.

 

Certainly the community could use a decent public domain offering.