lsSlopeLines (@ES#)
lsSlopeLines. This chart was uploaded by Investor/RT 13.1.1 showing symbol: @ES#.
lsSlopeLines. This chart was uploaded by Investor/RT 13.1.1 showing symbol: @ES#.
SlopeLines is an RTX Extension indicator that automates the drawing of trendlines using signals and custom indicators, giving the user complete control over where the lines begin, the starting price of the lines, the slope of the lines, and how far the lines extend. Users control how far back the lines will be drawn. Options are availble to project the lines into the past, as well as to draw up to 6 additional lines from each starting point each with a unique multiple of the original slope and unique color/style.
Trendlines are one of the basic trading tools used to follow trends in market data. They are easy to draw in Investor/RT using the trendline drawing tool: click on a starting point; drag and drop on the ending point. Investor/RT has some trendline automation features as well that attempt to determine the current trend and auto draw lines to depict the trend. Introducing SlopeLines - a new tool that takes trendline automation to the limit.