FX Algo Tools
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Trend Line Finder
A support and resistance indicator designed to project key trend lines and alert you when price reaches them
Trend Line Finder is built for traders who want a clearer way to spot projected support and resistance levels on the chart. By using two previous highs for resistance and two previous lows for support, it helps highlight key areas where price may react and sends alerts when price reaches those levels.
What Trend Line Finder Does
Trend Line Finder projects forward support and resistance lines using earlier highs and lows. When current price touches those lines, it can signal the trader with an alert, helping draw attention to a market area where a stronger move, rebound, or breakout may be developing.
It is not intended to be a standalone system. Instead, it is designed to help traders become more aware of key support and resistance zones so they can make better decisions using their own methods or additional tools.
Why Traders Use Trend Line Finder
Trend Line Finder is designed for traders who want a more structured way to monitor support and resistance. By projecting lines forward and alerting the trader when price reaches them, it helps keep attention on important market areas without constant manual chart-watching. Because it works across different timeframes and gives flexibility over line direction and alerts, it offers a practical tool for traders who want more awareness of potential market turning points or breakout zones. This page text is based on the description and features you provided.
How Trend Line Finder Works
The indicator uses two previous highs to project resistance and two previous lows to project support. These projected lines are then extended forward on the chart so traders can see where price may meet an important level in the future.
When price touches one of these lines, the indicator can trigger an alert. This helps traders become more aware that price has reached a possible support or resistance area where the market may rebound, pause, or break through.
- Projects forward support and resistance levels
- Watches for price touching those levels
- Alerts the trader when attention may be needed
- Supports more structured chart awareness
What Traders Can Look For
Volume Analysis Trader can help traders look for several useful clues in market behaviour.
Rising volume during a rally may suggest the trend is strong. Falling volume during a rally may suggest that the move is weakening. As a general rule of thumb on daily charts, if current volume is higher than the previous day’s volume, the trend may be more likely to continue. The indicator can also help reveal bursts of extreme volume, which may signal emotional exits, exhaustion, or possible reversal behaviour.
Key Features
Recognises support and resistance levels
Be aware of possible moves before they develop
Sends alerts to PC, email, or mobile device
Works on any timeframe
Gives colour options for lines and arrows
Non-repainting indicator
Settings
Trend Line Finder includes settings for level detection, line display, directional filtering, and alert delivery so traders can adjust the tool to suit their own chart-reading style.
Section A
- Lookback — sets how many bars to search back from current price
- Distance — sets how many bars are checked for the highest or lowest point within that lookback area
- Thickness Of Line — defines how close bid price must be above or below the line before a signal is made
Section B
- Line Color — sets the line colour
- Line Size — sets the line thickness
- Buy Arrow Color — sets buy-arrow colour
- Sell Arrow Color — sets sell-arrow colour
Section C
- Resistance Up — allows signals when the resistance line is up
- Resistance Down — allows signals when the resistance line is down
- Support Up — allows signals when the support line is up
- Support Down — allows signals when the support line is down
Section D
- Soundfile — sets the wave file used for alerts
- PlaySound — enables or disables PC sound alerts
- MessageBox — enables or disables message box alerts
- SendEmail — enables or disables email alerts
- SendMobile — enables or disables mobile alerts
Best Suited For
Trend Line Finder may suit traders who:
- use support and resistance in their analysis
- want projected levels shown automatically on the chart
- prefer alerts instead of constant chart monitoring
- trade across multiple timeframes
- combine level-based awareness with other systems or confirmations
This is an inference from the product description and listed features.
Important Considerations
Trend Line Finder is not intended to tell the trader exactly what to do at every signal. It is a support-and-resistance awareness tool, not a complete standalone system. The indicator highlights areas where price may react, but traders still need to decide how to respond using context, direction, and their own broader trading approach. That interpretation is directly supported by your description.
Pricing
Frequently Asked Questions
Q. What does Trend Line Finder do?
It projects support and resistance lines forward using previous highs and lows, then alerts the trader when price touches those lines.
Q. Is this a complete trading system?
No. It is designed as a support-and-resistance awareness tool rather than a standalone system. Traders still need to decide what to do using other methods or confirmations.
Q. Does it send alerts?
Yes. It can alert the user when the profit target is met, and alert delivery can be set through sound, message box, email, or mobile options.
Q. Does it work on different timeframes?
Yes. According to the description, it works on any timeframe.
Q. Can I change the appearance?
Yes. You can change line colours, line size, and buy/sell arrow colours.
Q. What after-purchase support will I get?
I love questions and feedback. I think it’s how I can learn and improve also as a developer. But, I also expect software users to read the instruction manual as most questions are answered in there. Even so please feel free to contact me via help page or by email. Usually, I respond in 24 hours. I am always glad to help.