moporofeta
New Member
Automatic Trendlines is a technical analysis indicator that uses an algorithm to automatically draw trendlines on a chart, based on the historical price movements of a financial instrument. The purpose of the indicator is to help traders identify potential support and resistance levels, as well as trend reversals, in a timely and accurate manner. The indicator adjusts the trendlines in real-time, ensuring that the lines remain relevant even in fast-moving market conditions. By using automatic trendlines, traders can save time and effort compared to manually drawing and updating trendlines, and can also benefit from the added accuracy of the indicator's algorithm.