This cool signal study will allow you to add a self drawn ray to your Automated trading setup.
In the video below you will see how you can draw a ray on your chart and have the study signal an entry based of the trendline price level. The drawn trendline is also available as a SG price level, which will allow you to use them in custom alert conditions. The SG values can also be used to trail your stop in the SST Autotrader study.
The study can track upto two last drawn rays and will adjust itself when new rays are drawn, deleted or properties changed.
This study has a built-in signal Study that creates buy and sell signals based on the set parameters. The signal study allows you to fade the trendline price levels. Getting you in the trade on either side of the trendline.
This study is also included in the Auto trading Study bundle. You can read more about the SST Autotrading Study Bundle here and take it for a free trial.