FEATURES:

• Detects up or down trends automatically
• Draws trend lines automatically for a given period
• More than one trend line can be drawn on same chart
• It does not just draw a line on the chart; it produces a numerical results that can be used in indicators, the System Tester, Explorer and Expert Advisor.
• If you want to draw trend lines on real time charts, but you can't do it manually, this add-in is ideal for you.

LIMITATIONS:

• With a very short period for a parameter where it is not possible to find a trend for that period Autotrend.dll puts an error message on the MetaStock status bar and removes the trend line (if any) from the chart. In this case, just try it with a different period.
• You should give the correct periods as a parameter for desired results.
• It will work on Line, Bar and Candlestick charts. It will not work on other irregular x axis charts like Point&Figure, which is not possible to draw a trend line on that type of charts.

USAGE NOTES:

Important : While plotting Autotrendline, be sure that you have selected "Merge with Scale on Right" option, otherwise trend line will not be attached to price plot.

If you want to draw multiple trend lines on the same chart put multiple instances of your indicator with different periods on the chart or write your formula like this one below:

ExtFml("Autotrend.Trendline", 30);

ExtFml("Autotrend.Trendline", 60);

ExtFml("Autotrend.Trendline", 90)

UPDATES:

10 April 01

Updated a bug causing an error with real-time data. Now, it does not draw a trend line instead of popping an error message if trend line can not be drawn with available data. Trend line will show up again if it is possible to calculate a trend line with the next available data coming real time.

8 April 01

I have made some improvements for real-time compatibility. Now it handles errors (if trend line can not be drawn it gives an error) in a different manner. Error messages will be shown on the status bar of MetaStock, which does not require user intervention.

New version also ignores the last bars in the chart to draw the trend line. Therefore you are able to detect if the trend about to be broken. Just write a formula that checks if the last close, low or high is higher or lower then the trend line.

You can write:

ExtFml("Autotrend.Trendline", 30) < H AND ExtFml( "Autotrend.Trendline", Periods) < REF(ExtFml( "Autotrend.Trendline", Periods) ,-1)

to detect if last High is higher than the 30 period down trend line

REQUIREMENTS:

• MetaStock 7.0 or never version.

AUTO TREND LINE IN ACTION

You can download the limited shareware version at download page.

More info about the trend lines can be found at stockcharts.com

PRICE&ORDERING INFO:

Autotrend.dll is just 25 $. You can order via Shareit. You will be given a link for downloading, immediately after you have made the payment. Program size is 120KB and will not be a problem to download.

To place your order click the Shareit logo below or go to www.shareit.com

 and search for program number 142833.

* Shareit has different ordering options including secure on-line order for your convenience. You can also place your order in 6 different languages (English, German, Portuguese, Spanish, Italian and French) simply by selecting your language from the drop-down menu on top-right of the secure order page.