True Trend (StevenCharts)

Overview
True Trend (StevenCharts) is a next-generation technical analysis tool designed to automate the most subjective part of trading: Drawing Trendlines.

Whether you are scalping, day trading, or swing trading, identifying valid support and resistance channels is critical. This indicator uses a proprietary multi-timeframe momentum engine to objectively identify market pivots and automatically draw precise, high-probability trendlines (rays) on your chart.

The "True Trend" Engine
At the heart of this indicator is a custom algorithmic model that evaluates market structure across multiple timeframes simultaneously.

No Guesswork: Instead of manually connecting wicks, the script waits for specific algorithmic momentum peaks and troughs to determine exactly where a trend begins and ends.

Dynamic Generation: When the internal trend logic detects maximum strength, the indicator tracks the highest or lowest points of the move. When momentum shifts, it locks in a trendline that projects forward, creating dynamic support and resistance levels.

Key Features
Automated Ray Creation: Automatically draws Red (Bearish) and Green (Bullish) rays based on confirmed momentum shifts.

Clean Chart Logic: The script includes intelligent "cleanup" logic. If price breaks a trendline and confirms the break with sustained momentum, the line is automatically removed to keep your chart clean and focused on relevant data only.

High Volume Confirmation: The logic accounts for volume spikes to validate line breaks.

"SHIFT" Logic (Adaptive vs. Static)
This script features a powerful setting called "Turn SHIFT On":

ON (Adaptive Mode): Uses advanced logic to "leapfrog" trendlines. As price makes new structural highs or lows, the trendline adjusts and locks onto the most recent valid pivot points. This is ideal for active traders following a developing trend.

OFF (Static Mode): Draws independent, static trendlines from every valid pivot. This is useful for seeing the history of market structure and identifying older levels that may still act as support/resistance.

How to Use
Support & Resistance: Use the automatically generated rays as dynamic S/R levels.

Bullish Trend: Price should respect the Green rays as support.

Bearish Trend: Price should respect the Red rays as resistance.

Breakout/Reversal: When a localized trendline is deleted or broken, it signals a potential shift in market structure.

Settings
Turn 'SHIFT' On: Toggles between adaptive (moving) lines and static lines.

Show Highest/Lowest Only: Keeps the chart clean by focusing on the most dominant outer trends.

Ray Colors: Customizable colors for Up and Down trends.