You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 1 of 1
  1. #1
    traderEd is offline Member
    Join Date
    May 2014
    Posts
    93

    Default Extend Trendlines Tool - VertexFX

    Extend Trend Lines is a VTL Client-side indicator for elongating the trend lines on the chart to the last bar. Traders usually draw trend lines on the chart and use them as support resistance levels. When a trend line breakout happens, it is the beginning of a new trend. One issue with trend lines drawn manually on the chart is that they do not get elongated when new bars form on the chart. It should be manually adjusted with new bars. Extend Trend Lines VTL Indicator takes care of this situation. It automatically adjusts all trend lines on the chart to the last bar. It monitors the trend lines on each new bar and adjust them. This is useful when the trader opens the terminal on a new day and the old trend lines are short and need adjustments.

    Attached Files Attached Files

Similar Threads

  1. SP-MAR16 could extend its rebound from 1894.25
    By FX Consultant in forum Current Market Sentiment and daily forex trade recommendation
    Replies: 0
    Last Post: 01-12-2016, 08:50 PM
  2. Strength Of Trendlines
    By pipsaholic in forum Online Forex Trading
    Replies: 0
    Last Post: 12-27-2011, 08:13 PM
  3. Replies: 0
    Last Post: 11-19-2009, 08:19 AM
  4. Could US Dollar Extend its gain?
    By RTFX in forum RTFX
    Replies: 0
    Last Post: 08-01-2008, 10:33 AM
  5. Replies: 0
    Last Post: 06-16-2008, 01:16 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0