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Auto Line

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📌 **《Auto Line》 Overview
Auto Line is a multi-level analytical engine that automatically generates structural price levels based on a variety of frameworks such as:

Moving averages

Upper / Lower band logic

Previous High / Previous Low

Swing pivot highs and lows

Fibonacci Pivot levels

Multi-timeframe (HTF) inputs

Each level is evaluated using a Break Count grading system, which measures how frequently price has crossed the level.
This grading does not produce buy or sell signals—it simply visualizes how often the market has interacted with that price area.

Auto Line is a market structure reference tool, not a prediction or signal generator.

✨ Key Features
1) Nine Independent Level Engines (SET 1–9)

Each of the nine SETs can independently generate levels using one of the following methods:

SMA

Upper band

Lower band

Previous High / Previous Low

Swing Points

Fibonacci Pivot Levels

NONE (disabled)

Each SET has its own:

Length

Multiplier

HTF timeframe

This allows full customization of the level-generation logic.

2) Built-in Multi-Timeframe (HTF) Support

Every SET can request data from any higher timeframe via request.security().

Example usage:

SET1 → Daily

SET3 → Weekly

SET9 → Weekly Fibonacci

Thus, the user can visualize multiple timeframe structures on a single chart.

3) Break-Count Level Strength System

Auto Line evaluates the “strength” of each level using a break-count formula:

breaks = Number of times price crosses above/below the level
grade = 0–100 scale based on breaks


More breaks → higher grade → lower opacity (more faded)

This gives a visual sense of how frequently the market has interacted with a level.
It is not a probability measure and does not imply trade direction or outcome.

4) Swing-Based Structural Levels

The indicator detects swing highs and lows using left/right parameters and converts them into structural levels.

Includes:

Automatic swing labeling

Break-count evaluation

Optional display of all swing points (showPP)

5) Automatic Fibonacci Pivot Levels

When the Fibonacci option is selected:

P

R1 to R5

S1 to S5

are generated automatically and evaluated just like any other level.

6) Selective Output (A–E Pick Slots)

The user can selectively display specific SET outputs using pick slots:

Pick A → choose SET #1 to SET #9

Pick B → choose another SET

… up to five independent visible selections

Each pick can display either:

a single line level

or a full 11-level Fibonacci set (when applicable)

📌 Explanation of User Inputs
Swing Settings

Left / Right: Controls pivot swing sensitivity

Show PP: Option to show all swing labels on chart

SET Parameters (1 to 9)

Each SET contains:

Parameter Description
Method SMA / Upper / Lower / Prev High / Prev Low / Swings / Fibonacci
Length Used for SMA/Band logic
Multiplier Used for Upper/Lower band expansion
HTF Timeframe used for data calculation

Each SET behaves independently.

Display Options (Picks A–E)

Each pick allows selecting one SET to display.

Example:

Pick A = SET3

Pick B = SET5

Fibonacci levels generate up to 11 plots;
other methods produce a single structural line.

📌 How Level Strength Is Calculated (Technical Description)

Auto Line tracks how often price alternates above and below a level:

Determine whether price begins above or below the level

Count each time price crosses it

Convert break count into a grade:

grade = min(100, round((100 / fade) * breaks))


The grade affects opacity only, giving a visual representation of interaction frequency.
This grading does not represent trade probability or outcome.

📌 Repainting Behavior

Auto Line:

Uses confirmed historical bars

Uses security() for HTF data

Does not modify past values once bars are confirmed

Therefore, the indicator does not repaint.

However, structural levels such as:

Swings

Pivot Levels

HTF lines

will naturally update when new bars close, which is expected behavior for this style of indicator.

📌 Purpose of the Indicator

Auto Line is designed for:

Identifying structural price regions

Observing where the market most frequently interacts

Comparing levels across multiple frameworks

Creating a comprehensive multi-timeframe level map

It does not:

❌ predict future price
❌ provide buy/sell signals
❌ guarantee profitable outcomes

It is a supporting tool for market structure analysis.

📌 Notes & Considerations

Swings and pivot levels depend on chart range and may change as new bars appear

Too many SETs may clutter the chart—use pick slots to selectively display

Break-count is purely informational, not directional

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.