In my trading experience the following two are two of the most valuable techniques that works 90% of the time.

1) Trend line reversals
2) Trend line breakouts.

The above two techniques work very good and I am able to draw the trend lines correctly. But one problem I am facing is when the price reaches the trend line I am not at the system and I am not able to take the trades.

So I am thinking to develop an indicator which will send emails to my iPhone whenever the price touches the trend line. I searched in the net to find out if there are any indicators already there and I got one indicator like that. But it sends emails only when the price reaches the trend line. I also would like to get the emails with the information of whether the candlestick closed above the trend line or below the trend line.The following are the different steps of what I am thinking.

Lets say there is a trend line at the top the chart for the currency pair EURUSD.

1) When the price reaches and touches the top trend line it should send an email saying that “EURUSD – 1hr chart – Price touched the trend line”.

2) When the price touched the trend line but closed below the trend line. It should send an email saying that “EURUSD – 1hr chart – Price touched the trend line but closed below the trend line”.

3) When the price touched the trend line and closed above the trend line. It should send an email saying “EURUSD – 1hr Chart – Good Opportunity. Price broken the trend line”.

The above are some of the points.

So I am thinking of developing this indicator and would like to share this indicator with only some of my web visitors. So please throw your ideas.

Idea of trend line break indicator that sends different emails