Auto Trend Line Drawing Tool

[hipp]

Hi,
Are there any formulas posted for e-signal that allow for the automatic drawing on charts of new trend lines as they occur?
If so, then where can this be downloaded?
Thanks,
Hipp

[DuaneG]

Hipp,

I haven't seen an EFS that is capable of this. Just a few questions; how would the trendline be defined? By this I mean, is the trendline being defined by the user, or is eSignal using a line of best fit with highs and lows to qualify the line? Again, I haven't seen this kind of study, but if you could provide some thoughts on how this should work, it should get the mental juices flowing. Thanks.

[Aggie549]

Auto Trend Line

I have saw this in Irt, it is automatic. The trend is defined automatically. In an up trend, a green line is below the prices. A down trend has a red line above the prices.

[JayF]

The only EFS I've seen that has automatic trend line drawing is with the Add-On study for EZ2Trade Software (their S/R Analyst Pro.) There certainly may be others out there, though...