About Auto TrendLines
Auto TrendLines — part of the DS Essentials package — is a ‘quick and dirty’ automated trendline indicator implemented as an overlay in Technician. It does not have all of the flexibility and features of the Trendline Pro indicator — which is also included in the Divergence Software Essentials along with Auto TrendLines — but it is very simple to use and it will calculate and draw the most relevant upper and lower trendlines based upon the settings specified by the user.
Auto TrendLines will run on any bar interval/custom period available in Technician.
Auto TrendLines has a History parameter that, when checked, will allow you to scroll backwards in the chart to see the trendlines that were present at any point in time. In addition to the History parameter, options are provided to specify the upper and lower pivot strength (they can be different), to specify the length logic (i.e., find the most recent trendline(s) or the longest possible trendline(s)), and the break logic (i.e., trendlines are considered broken if breached by a high/low OR trendlines are only considered broken if price closes beyond the trendline).
The full Auto Trendlines user guide can be found on the Divergence Software website here: http://www.sr-analyst.com/ChartIQHelp/index.html
It should not be assumed that past performance is any guarantee of future results. Results obtained from the use of the DS Essentials Indicator Collection for ChartIQ indicators or any information provided in this User Guide are not guaranteed to be profitable. It should be understood that investing or speculating in the financial markets involves risk and may result in either a partial or total loss of one’s investment capital. The information presented in this User Guide is believed to be reliable, but cannot be guaranteed as to its accuracy or completeness.
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