Follow Line Indicator

v10.3
Follow Line Indicator

The FollowLine indicator is a trend following indicator. The blue/red lines are activated when the price closes above the upper Bollinger band or below the lower one.

Once the trigger of the trend direction is made, the FollowLine will be placed at High or Low (depending of the trend).

An ATR filter can be selected to place the line at a more distance level than the normal mode settled at candles Highs/Lows.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. DaxRider • 04/03/2020 #

    Nice indicator thank you Nicolas

  2. sai000 • 04/03/2020 #

    can i use this in trading view plotform

    • Nicolas • 04/03/2020 #

      No, all codes on our website are to be used with ProRealTime: https://www.prorealtime.com/en/

  3. dg007 • 04/03/2020 #

    BUON GIORNO E’ POSSIBILE AVERE UN CHIARIMENTO?GRAZIE MILLE

    • Nicolas • 04/03/2020 #

      Poni qui la tua domanda se è correlata a questo indicatore, altrimenti apri un nuovo argomento nel forum appropriato e segui le regole di pubblicazione. Grazie.

  4. PhilipSchultz • 04/03/2020 #

    Hi Nicolas, can i backtest this indicator? And if so, how do i do it? I have tried, but don´t suce

    • Nicolas • 04/03/2020 #

      Sure, use the forums to create a new topic to ask for it
      Please respect the posting rules and describe precisely your query.

  5. supertiti • 04/03/2020 #

    Bonjour Nicolas,
    Je ne comprend pas bien , le trend change de couleur quand les prix sont au dessus/dessous des bandes de Bollinger;
    mais quand les prix reviennent à l’intérieur la couleur reste identique.
    Serait-il possible d’avoir une troisième couleur dans cette zone “neutre”
    merci ,bonne journée

    • Nicolas • 04/03/2020 #

      Oui ce serait possible, cependant l’indicateur est bien prévu pour conserver la couleur de la même tendance tant qu’on ne traverse pas le côté opposé des bandes de Bollinger.

  6. supertiti • 04/03/2020 #

    Quand tu pourras si tu peux nous coder la troisième couleur cela améliorerait les trades court terme.

    merci beaucoup.

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