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I am looking for a TD trendline (Denmark) for Tradestation. I don't see anyone in the market selling it nor something that can be downloaded.
"A TD pivot point that was a low that was surrounded by two higher lows in each side ....." It connects two recent occurrences. TD Trend lines connect a TD pivot high with the next higher TD Pivot high, or the TD Pictor low connected with the next lower TD pivot low.
I am looking for all the indicators. Just a simple trendline is drawn based on two TD pivots.
Please help.
Thanks!
Can you help answer these questions from other members on NexusFi?
It's very difficult to write a program that can draw good trendlines. As you can see here with the failed bull breakout in this trendline today on the ES. The idea was good but it failed and on the 1 minute chart perhaps you could do better with the trendlines. Failed Trendlines
The difficulty is that when the trend fails, new trendlines need to be drawn as I did here. Then you need to know when to take profits if the trendline is not reached and also where to put the appropiate stop. This would be considered two consecutive broad bear channels on the 5 min ES chart and I don't know of any program or Indicator that can identify this faster than a person. Since it's a person that writes the program.
