Trendlines (long)Hi all!
I hope that this indicator helps you to be a more efficient trader. The concept is well known and useful. So this is not some magic algorithm founded by me, but rather a well known concept. The concept is the drawing of trendlines.
It draws trendlines that has a retest. It draws the trendlines in different colors, the colors used are blue, red, fuchsia and lime.
These are the steps for finding a trendline:
1. Find a generic retest
Find a low that has 2 earlier lows and 1 later low that are higher. This is the reason that a trendline will be created "1 bar late". This is the base and the indicator goes on from here, meaning that this needs to be true to continue.
2. Find an uptrend
Look back 8 bars to find a low that is lower than the retest low.
3. Create the first point of a trendline
Go thru every bar between the user defined "Lookback" and the retest bar (minus the user defined "Skip gap" that's needed between points to create a trendline). From the earliest bar to the latest.
4. Create the second point of the trendline
Go thru every bar between the retest bar and the the first point (bar) minus the "Skip gap". From latest bar to the earliest. A trendline between the two bars are invalidated if some of the criteria are met in-between the bars creating the trendline:
- closed above the trendline (trendline broken)
- is not within the retest bar
- the slope of the trendline is upwards (this indicator is for long entries only)
- at least 1 of the bars creating the retest (1 main bar and 2 earlier bars) has NOT been above the trendline
- is not the created trendline (between the two points) that's closest to the low of the retest bar
TODO:
- add functionality to draw trendlines directly on breakouts
- add volume (high volume needed to create a trendline from a breakout/retest)
- ...?
I hope this explanation makes sense, let me know otherwise. Also let me know if you have any suggestions on improvements.
Best of luck trading!
Tìm kiếm tập lệnh với "TRENDLINES"
BE-TrendLines & Price SentimentsOverview
The trendline is one of the most potent and flexible tools in trading. A rising trendline indicates an upward trend, a falling trendline indicates a downward trend, and a flat trendline indicates a range-bound bond market.
Breakouts, price bounces, and reversal / Retest tactics are all types of trades that may be made using a trendline. Additionally, stop-loss and profit-trailing orders can be based on trendlines as support and resistance levels, appropriately.
Technical Calculations for Trendlines & Price Sentiments:
Pivot points for a specified time frame and the Prevailing High/Low for the most recent bars are used to derive trendlines. While Pivot Points alert us to price movements, High/Low tells us where Bulls and Bears find a middle ground. This provides a remarkable set of conditions from which to extrapolate the efficacy of the Trendlines.
The term "price sensitivity" refers to how much a change in the price of a product causes consumers to alter their purchase habits. It's the relationship between price shifts and shifts in consumer demand. So, for example, if a 30% jump in the cost of a product leads to a 10% drop in purchases, we can conclude that the item has a price sensitivity of 0.33%.
Basis the above theoretical statement, If the underlying asset's price drops, the indicator shall compute data on the amount of volume being pumped (Inflow vs Outflow) into the market (if available), or the percentage by which the price has changed. This will be compared to the recent drop rate to see if the behavior has changed at the similar value zone and non similar value zone. similar calculation shall be done if the price of the underlying rises.
Traders may benefit from hearing about Trendlines in their "Story Telling" form, which we now present. To help you comprehend it better, candles are divided into three Sentiment groups based on their color. Colors: Green (with its shades), Silver, and Red (including its shades). Green signifies a Bullish Trend, Silver a neutral trend, and Red a Brearish Trend.
Bullish Trend
Bearish Trend
Neutral Trend
Sentiment Price Cycle in Trending Market: Green (Directional Bullish), Dark Green (Bullish Trend Loosing its Strength), Silver (Neutral Trend), Red (Directional Bearish), Dark Red (Bearish Trend Loosing its Strength)
Sentiment Price Cycle in RangeBound Market: Green (Over Brought), Silver (Neutral) & Red (Over Sold)
How to Initiate Trade when price is within TL:
Fake Break Out Trade:
BreakDown Trade:
BreakOut Trade:
Couple of Other Features in the Indicator:
Single Alerts = These are the alerts where in, as and when the Event happens Alerts shall the trigerred. like On BreakOut, BreakDown, TouchOf Up TrendLine, TouchOf DownTrendLine, Retest Of Up TrendLine, Retest of DownTrendLine.
Conditional Alerts = These are those type of Alerts where in you can combine 2 or 3 conditions to trigger an Alert. Like
Sample 1 - After Down TL is tested for 3 times, If BreakOut happens and the setiment turns Bullish within 5 Candles.
Sample 2 - After Up TL is tested for 2 times, If Price Bounces backUp from TL and the setiment turns Bullish within 5 Candles.
Similarly you can customize the combination of events for getting the alert.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
Auto AI Trendlines [TradingFinder] Clustering & Filtering Trends🔵 Introduction
Auto AI trendlines Clustering & Filtering Trends Indicator, draws a variety of trendlines. This auto plotting trendline indicator plots precise trendlines and regression lines, capturing trend dynamics.
Trendline trading is the strongest strategy in the financial market.
Regression lines, unlike trendlines, use statistical fitting to smooth price data, revealing trend slopes. Trendlines connect confirmed pivots, ensuring structural accuracy. Regression lines adapt dynamically.
The indicator’s ascending trendlines mark bullish pivots, while descending ones signal bearish trends. Regression lines extend in steps, reflecting momentum shifts. As the trend is your friend, this tool aligns traders with market flow.
Pivot-based trendlines remain fixed once confirmed, offering reliable support and resistance zones. Regression lines, adjusting to price changes, highlight short-term trend paths. Both are vital for traders across asset classes.
🔵 How to Use
There are four line types that are seen in the image below; Precise uptrend (green) and downtrend (red) lines connect exact price extremes, while Pivot-based uptrend and downtrend lines use significant swing points, both remaining static once formed.
🟣 Precise Trendlines
Trendlines only form after pivot points are confirmed, ensuring reliability. This reduces false signals in choppy markets. Regression lines complement with real-time updates.
The indicator always draws two precise trendlines on confirmed pivot points, one ascending and one descending. These are colored distinctly to mark bullish and bearish trends. They remain fixed, serving as structural anchors.
🟣 Dynamic Regression Lines
Regression lines, adjusting dynamically with price, reflect the latest trend slope for real-time analysis. Use these to identify trend direction and potential reversals.
Regression lines, updated dynamically, reflect real-time price trends and extend in steps. Ascending lines are green, descending ones orange, with shades differing from trendlines. This aids visual distinction.
🟣 Bearish Chart
A Bullish State emerges when uptrend lines outweigh or match downtrend lines, with recent upward momentum signaling a potential rise. Check the trend count in the state table to confirm, using it to plan long positions.
🟣 Bullish Chart
A Bearish State is indicated when downtrend lines dominate or equal uptrend lines, with recent downward moves suggesting a potential drop. Review the state table’s trend count to verify, guiding short position entries. The indicator reflects this shift for strategic planning.
🟣 Alarm
Set alerts for state changes to stay informed of Bullish or Bearish shifts without constant monitoring. For example, a transition to Bullish State may signal a buying opportunity. Toggle alerts On or Off in the settings.
🟣 Market Status
A table summarizes the chart’s status, showing counts of ascending and descending lines. This real-time overview simplifies trend monitoring. Check it to assess market bias instantly.
Monitor the table to track line counts and trend dominance.
A higher count of ascending lines suggests bullish bias. This helps traders align with the prevailing trend.
🔵 Settings
Number of Trendlines : Sets total lines (max 10, min 3), balancing chart clarity and trend coverage.
Max Look Back : Defines historical bars (min 50) for pivot detection, ensuring robust trendlines.
Pivot Range : Sets pivot sensitivity (min 2), adjusting trendline precision to market volatility.
Show Table Checkbox : Toggles display of a table showing ascending/descending line counts.
Alarm : Enable or Disable the alert.
🔵 Conclusion
The multi slopes indicator, blending pivot-based trendlines and dynamic regression lines, maps market trends with precision. Its dual approach captures both structural and short-term momentum.
Customizable settings, like trendline count and pivot range, adapt to diverse trading styles. The real-time table simplifies trend monitoring, enhancing efficiency. It suits forex, stocks, and crypto markets.
While trendlines anchor long-term trends, regression lines track intraday shifts, offering versatility. Contextual analysis, like price action, boosts signal reliability. This indicator empowers data-driven trading decisions.
MTF Trendlines on chart_Pro[vn]Hello Traders .
👉This is an indicator of the trendlines in the analysis series with my trendlines.
- It statistics the upper and lower trend lines of the current Time Frame.
- Pine Script strategy draws pivot points and trendlines on the chart.
- This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines.
- In the process of trading with the trendline, I see different timeframes showing each trendline differently, many times the trendline in the 15m frame has been broken but I don't know where the price is going, and it takes a lot of time to find support points, resistance to entry or take profit, So I came up with the idea of drawing different timeframes on the same chart in a specified timeframe, and I found it shortened the time to find support and resistance points in trading without having to switch back and forth between timeframes.
- For example, when the H1 trendline breaks downwards, we can determine a high probability that the price will be supported by the trendlines below it. for us to find entry points or exit orders effectively. Or when the price breaks the H1 trendline to go up, the chart shows us the trend lines above that broken H1 line so that we have a more effective entry or take profit point because it is a resistance zone....
- It can shows 7 pairs of trendlines during different times in the chart.
- each timeframe will display two trendlines, one up, and one down.When the price crosses a trendline, only one valid trendline is displayed, while the line crossed is not displayed.
- The upper trendline (down trend) is a red horizontal line, with the timeframe name and the value of its trendline, for example 4H(1.234) means timeframe = H4, the current value of the trendline is 1.234.
- The trendline below (up trend) is the blue horizontal line that also represents the same value as the line above.
- In the Settings section, up to 6 different timeframes can be selected to display those trendlines on the chart.
- Small timeframes such as m1, m3, m5 or D1 I leave the default (cannot be changed) in the 'Length' setting = 50, timeframe is H6, H8, H12 'Length' = 30, the rest of the time can be changed, the default is 20 ...
- Some cases I have applied with this indicator to look for entry points and take profit ...
Xin chào Trader Việt nam.
- Đây là chỉ báo về các đường xu hướng trendline trong chuỗi phân tích với đường xu hướng của tôi. Chỉ báo này là muti trendlines trên biểu đồ , nó hiển thị được tối da 7 cặp đường xu hướng trong các thời gian khác nhau trên 1 biểu đồ.Dựa vào đó các trader có cái nhìn trực quan nhất không phải thay đổi qua lại các thời gian để tìm các đường trendlines, và có thể tìm được những cú hồi hoặc phá ngưỡng để vào lệnh hoặc chốt lời .
- Thực ra trong quá trình giao dịch với đường xu hướng, tôi thấy các khung thời gian khác nhau thì hiển thị mỗi đường xu hướng khác nhau, nhiều khi đường xu hướng trong khung 15m đã bị phá nhưng không biết giá đi đến đâu, và mất rất nhiều thời gian để tìm các điểm hỗ trợ, kháng cự để vào lệnh hoặc chốt lời, nên tôi nảy ra ý tưởng vẽ ra các khung thời gian khác nhau trên cùng 1 biểu đồ trong một khung thời gian được chỉ định, và tôi thấy rút ngắn được thời gian để tìm các điểm hõ trợ , kháng cự trong giao dịch mà không cần phải chuyển qua lại giữa các khung thời gian .
- Chẳng hạn ,khi đường xu hướng H1 bị phá vỡ xuống dưới thì ta có thể xác định được khả năng cao giá sẽ được hỗ trợ bởi những đường xu hướng bên dưới nó. để ta tìm điểm vào lệnh hoặc thoát lệnh cho hiệu quả.Hoặc khi giá phá vỡ đường xu hướng H1 để đi lên , thì trên biểu đồ đã hiện cho ta các đường trendline bên trên đường H1 bị phá vỡ đó để ta có điểm vào hoặc chốt lời hiệu quả hơn vì đó là vùng kháng cự....
- Đường xu hướng bên trên(down trend) là đường kẻ ngang màu đỏ ,có kèm tên timeframe và giá trị của đường xu hướng của nó,ví dụ 4H(1.234) nghĩa là timeframe=4H, giá trị hiện tại đường trendline là 1.234.
- Đường xu hướng bên dưới (up trend) là đường ngang màu xanh cũng thể hiện giá trị như đường bên trên.
- Các timeframe nhỏ như 1m, 3m, 5m hoặc 1D tôi để mặc định (không thay đổi được) trong setting mục 'Length' = 50, timeframe là 6H,8H,12H 'Length' = 30, các thời gian còn lại có thể thay đổi được ,mặc định là 20
- Để điều chỉnh có thể vào setting để thiết lập các thời gian theo nhu cầu.
Bounce Manager 20 TrendlinesThe trendline script is made for manual input of trendlines using point clicks on the chart. The script will then see if price respects these lines by the parameters you input in settings panel. On a respectable bounce it will print buy/sell arrows. The script also has functionality to send alerts, this is helpful if you want to automate trendlines. I created this script and many others under the bounce manager toolkit to expand on the signalling capabilities of popular drawing tools as I find using just a crossover to be lacking especialy for full automation.
components:
- Line respect: When price moves past this the script will no longer look for entry until a new trend has been established. The line can also be used as a stop loss.
- Confirmation: When price touches the line during a trend it
will wait to cross over this line to confirm a reaction from the line.
- Consolidation filter: A trend filtering system, this is a distance from
the line price has to break to confirm trend direction.
- Stop loss: This can be set to a percentage distance from the low after
bounce. Or it can be set to the line respect line
- Take profit: This can be a fixed take profit target or a risk to reward
based take profit. With risk to reward it will multiply the stop loss
distance by the input and use that to create target (green cross)
- ATR based or % based: there are 2 versions of the script, one for strict
percentage based logic and another one based on ATR values
If you are having problems figuring out which settings to use I recommend you check the Bounce Manager ATR script for reference as this script plots the components:
Zignaly automation settings:
zignaly integration, you can use the settings panel to decide your risk management. Option to use a fixed take profit % or an automatic risk to reward calculation based on the stop loss. Stop loss can get calculated using the max violation setting as a stop loss (this will put stop loss below line respect level) or when not checked it will use 0.01% below the low of the signal candle as stop loss. Just add your zignaly private key in the settings and use any alert function call as alert. Make sure to use zignaly.com as your webhook url.
The trendlines you see in preview are based on a long term pitchfork on BTCUSDT 10H chart
If 20 trendlines are too much I will be releasing a 5 line input version, this script is more to be used to automate pitchforks, gann boxes etc.
Part of the Honest Algo indicator suite
MTF Fusion - S/R Trendlines [TradingIndicators]MTF Fusion S/R Trendlines intelligently adapt to whatever timeframe you're trading - dynamically calculating support and resistance trendline levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions.
These trendlines are not programmed to repaint - so you can use them in real-time just as they appeared historically.
What is MTF Fusion?
Multi-Timeframe (MTF) Fusion is the process of combining calculations from multiple timeframes higher than the chart's into one 'fused' value or indicator. It is based on the idea that integrating data from higher timeframes can help us to better identify short-term trading opportunities within the context of long-term market trends.
How does it work?
Let's use the context of this indicator, which calculates S/R Trendlines, as an example to explain how MTF Fusion works and how you can perform it yourself.
Step 1: Selecting Higher Timeframes
The first step is to determine the appropriate higher timeframes to use for the fusion calculation. These timeframes should typically be chosen based on their ability to provide meaningful price levels and action which actively affect the price action of the smaller timeframe you're focused on. For example, if you are trading the 5 minute chart, you might select the 15 minute, 30 minute, and hourly timeframe as the higher timeframes you want to fuse in order to give you a more holistic view of the trends and action affecting you on the 5 minute. In this indicator, four higher timeframes are automatically selected depending on the timeframe of the chart it is applied to.
Step 2: Gathering Data and Calculations
Once the higher timeframes are identified, the next step is to calculate the data from these higher timeframes that will be used to calculate your fused values. In this indicator, for example, the values of support and resistance trendlines are calculated for all four higher timeframes.
Step 3: Fusing the Values From Higher Timeframes
The next step is to actually combine the values from these higher timeframes to obtain your 'fused' indicator values. The simplest approach to this is to simply average them. If you have calculated the value of a support trendline from three higher timeframes, you can, for example, calculate your 'multi-timeframe fused trendline' as (HigherTF_Support_Trendline_1 + HigherTF_Support_Trendline_2 + HigherTF_Support_Trendline_3) / 3.0.
Step 4: Visualization and Interpretation
Once the calculations are complete, the resulting fused indicator values are plotted on the chart. These values reflect the fusion of data from the multiple higher timeframes, giving a broader perspective on the market's behavior and potentially valuable insights without the need to manually consider values from each higher timeframe yourself.
What makes this script unique? Why is it closed source?
While the process described above is fairly unique and sounds simple, the truly important key lies in determining which higher timeframes to fuse together, and how to weight their values when calculating the fused end result in such a way that best leverages their relationship for useful TA.
This MTF Fusion indicator employs a smart, adaptive algorithm which automatically selects appropriate higher timeframes to use in fusion calculations depending on the timeframe of the chart it is applied to. It also uses a dynamic algorithm to adjust and weight the lookbacks used for trendline calculations depending on each higher timeframe's relationship to the chart timeframe. These algorithms are based on extensive testing and are the reason behind this script's closed source status.
Included Features
Fusion Support and Resistance Trendlines
Dynamic Multi-Timeframe Trendlines
Breakaway Zone fills to highlight breakouts and breakdowns from the Fusion trendlines
Customizable lookback approach
Pre-built color stylings
Options
Fusion View: Show/hide the Fusion trendlines calculated from multiple higher timeframes
MTF View: Show/hide the trendlines from multiple higher timeframes used to calculate the Fusion trendlines
Breakaway Zones: Show/hide the fill for zones where price breaks away from the Fusion trendlines
Lookback: Select how you want your trendlines to be calculated (longer = long-term trendlines, shorter = short-term trendlines)
Pre-Built Color Styles: Use a pre-built color styling (uncheck to use your own colors)
Manual Color Styles: When pre-built color styles are disabled, use these color inputs to define your own
Linear Regression Trendlines & ChannelsThis new script came to me one night all of a sudden and it seems to be common knowledge for how good it works.
The script utilizes linear regression to determine trendlines and channels, identifying instances where closing prices closely align with the regression line. When a significant number of closing prices fall within proximity to the regression line, trendlines are displayed or generated.
Users have the flexibility to customize the proximity criteria by adjusting the margin and percentage thresholds. These parameters allow for precise control over how closely the closing prices should adhere to the regression line, as well as the minimum percentage of closing prices required to fit within the specified margin.
Moreover, the script is adaptable to logarithmic scales, ensuring compatibility with various chart configurations. Additionally, it stores all relevant data in an array for convenient access in future scripts or analyses.
Trendlines [TradesAI]What is it?
This indicator allows the user to pick any Candle (preferably a Pivot, for better results) to draw the most relevant Trendlines from it as Origin, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly.
It allows for up to 2 Origins to be picked on chart. Remember to pick a Bullish candle to draw Downtrends, and a Bearish candle to draw Uptrends. The algorithm will draw the most suitable Active Trendlines from those Origin points.
How does it do it?
The indicator takes the Origin point as the first point of the Trendline, then starts looking for the immediate next same-type candle (Bullish to Bullish or Bearish to Bearish), to draw the Trendline between the Origin candle and this newer candle.
An Uptrend is a ray connecting two Bearish candles, as long as the second candle has a Low higher than the Low of the Origin (first) candle. A Downtrend is a ray connecting two Bullish candles, as long as the second candle has a High lower than the High of the Origin (first) candle.
Upon drawing, the indicator then starts monitoring and adjusting this Trendline, by keeping the Origin always the same, but changing the second point. The goal is to keep reducing the slope of the Trendline till it is at 0 degrees (horizontal line). That then makes the Trendline "Final".
So, the algorithm has 3 States for the Trendlines:
Initial: not tested, meaning price hasn't yet broken through it and closed a candle beyond it, to cause a re-adjustment of this Trendline.
Broken: candle Hard Closed (its Open and Close) across it but still the direction of the Trend is maintained with a new Trendline from the same Origin – could be replaced (or kept on chart as "Backside", which is what we call a Broken Trendline to be tested from the opposite side) with a new Trendline from the same Origin, to the newest candle that caused the break to happen, as then it becomes the new second point of that trendline.
Final: candle Hard Closed across it and can't draw a new Trendline from the same Origin maintaining the direction of the Trend (so an uptrend becomes a downtrend or a downtrend becomes an uptrend at this point, which is not allowed). This marks the end of Trendline adjustment for that Origin.
To summarize the algorithm, imagine starting from a candle and drawing the trendline, then keep re-adjusting it to make its slope less and less, till it becomes a horizontal line. That's the final state.
Unlike traditional trendline tools, this indicator takes into account numerous rules for each candlestick to determine valid support and resistance levels, which act as Liquidity Zones.
What does it do differently?
Unlike conventional trendline tools, this indicator allows the user to pick the Pivot point as Origin, then automatically recognizes and extends lines from them as Liquidity Zones where a reaction is expected. Moreover, the indicator monitors those trendlines in real-time to switch them from Buying to Selling zones, and vice-versa, as price structure changes.
Features
Log vs. Linear scale switch to show different trendlines accordingly. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference.
Ability to show all forms of Trendlines, Final Trendlines or just Backside Trendlines.
Why is it used?
For experienced traders, it offers the advantage of time-efficiency, while new traders can bypass the steep learning curve of drawing trendlines manually, which could practically be drawn between any two candlesticks on the chart (unlimited variations).
TrendLines MTF [Cometreon]TrendLines MTF is a next-generation indicator designed to automatically detect and plot all relevant trendlines across any symbol and timeframe—including higher ones. Using advanced algorithms, it constantly scans price action and updates the chart in real-time, offering a fast, precise, and dynamic view of market structure.
This tool streamlines market analysis and boosts decision-making by eliminating the need for manual trendline drawing.
🔷 Key Features
🟩 Automatic Plotting
The indicator automatically draws and updates trendlines, providing a real-time overview of market trends.
🟩 Breakout and Bounce Signaling
Provides immediate notifications when a trendline is broken or the price bounces off it, allowing traders to react promptly to market changes.
🟩 Customization
Offers the ability to modify length, touches, colors, and line style to suit individual preferences.
🟩 Information Table
Includes a detailed table showing the values of all active trendlines, facilitating the monitoring of key market points.
🟩 Configurable Alerts
Allows setting custom alerts for breakouts, bounces, or creation of new trendlines.
🔷 Technical Details and Customizable Inputs
Trendline offers a range of customizable inputs that allow adapting the indicator to specific needs:
1️⃣ Trendline Type - Select between active trendlines, broken ones, both, or none.
2️⃣ Left and Right Length - Defines the extension of maximum and minimum points to identify Trendlines.
3️⃣ Timeframe - You can also modify the timeframe of Trendlines to display a higher timeframe.
4️⃣ Confirm at Timeframe - Allows you to confirm the Trendlines using the chart's timeframe instead of the selected one. This checks whether a candle has already broken the line previously.
5️⃣ Delete at Timeframe - Input to remove trendlines based on breakouts with chart candles, instead of using candles of a higher timeframe.
6️⃣ Touch Need - Sets the number of touches needed to confirm a Trendline.
7️⃣ Max Trend Line for Level - Limits the maximum number of Trendlines in a single level.
8️⃣ Extended Line After Break - Option to extend broken Trendlines by a specific value.
9️⃣ Session Range - The "Session Range" offers two options: select a specific date or a period relative to the last candle. The input allows choosing between "Choose" and "Pick Up".
With "Choose", you select a relative period, with two modes:
Last : shows the trendlines of the selected period, compatible with Replay.
Real Time : displays all TrendLines, searching from the last selected period.
Example: "1 Month" with "Last" shows the TrendLines from the previous month, while "Real Time" searches without time limits but uses the values from the last month. This allows defining the search depth of the indicator, crucial for computing power. In case of issues, use "Auto".
1️⃣0️⃣ Trendlines Style - Modify the style for each type of Trendlines (Valid, Break) including color, style, and line thickness.
1️⃣1️⃣ Trends Trendlines - Enable/disable two different trends:
Trend Bar Color : based on TrendLines breakouts. Breaking a bearish TrendLine results in a bullish trend, vice versa for breaking a bullish TrendLine.
Trend Background : based on the number of active TrendLines. For example, if the number of bullish TrendLines is greater than the "Strength", the trend will be bullish.
1️⃣2️⃣ Signal Style - You can enable or disable breakout and bounce signals, with customizable colors for each signal type.
1️⃣3️⃣ Alert - Set notifications for breakouts, bounces, or formation of new Trendlines.
1️⃣4️⃣ Table - Customize the table showing the values of all active trendlines, facilitating the monitoring of key market points. You can modify the appearance of the table, changing the color of cells and text.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring precise and personalized technical analysis.
🔍 How to Use Trendlines MTF
📌 Market Analysis
Use the displayed Trendlines as critical indicators of market dynamics to make informed trading decisions.
📈 Signal Interpretation
Leverage Trendline breakouts and bounces to identify potential trend changes and trading opportunities.
🛠 Strategy Integration
Use Trendlines and generated signals as a basis for creating personalized and innovative trading strategies.
☄️ With Trendlines, you can simplify your market analysis, saving time and improving the accuracy of your decisions with clearly visualized and customizable Trendlines.
Don't waste any more time and visit the link to get access to all Cometreon indicators.
Trendlines with Breaks [LuxAlgo]The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method.
Trendline breakouts occur in real-time and are not subject to backpainting. Trendlines can however be subject to repainting unless turned off from the user settings.
The indicator includes integrated alerts for trendline breakouts.
🔶 USAGE
Any valid trendlines methodology can be used with the indicator, users can identify breakouts in order to infer future price movements.
The calculation method of the slope greatly affects the trendline's behaviors. By default, an average true range is used, returning a more constant slope amongst trendlines. Other methods might return trendlines with significantly different slopes.
Stdev makes use of the standard deviation for the slope calculation, while Linreg makes use of the slope of a linear regression.
The above chart shows the indicator using "Stdev" as a slope calculation method. The chart below makes use of the "Linreg" method.
By default trendlines are subject to backpainting, and as such are offset by length bars in the past. Disabling backpainting will not offset the trendlines.
🔶 SETTINGS
Length: Pivot points period
Slope: Slope steepness, values greater than 1 return a steeper slope. Using a slope of 0 would be equivalent to obtaining levels.
Slope Calculation Method: Determines how the slope is calculated.
Backpaint: Determine whether trendlines are backpainted, that is offset to past.
Trendlines_Pro[vn]- This is an indicator for trendline traders
-Pine Script strategy draws pivot points and trendlines on the chart.
-This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines.
-when an up (or down) trendline is drawn according to the settings in the indicator's settings, that line is support and resistance so we can proceed to make BUY or SELL points according to the support strategy. and resistance
-when the price line breaks above or below the trendline, the price has reversed to the nearest trendline (like the examples in the pictures below.)
-The horizontal lines of the trend line, after being broken, it will form a support or resistance area, and it is likely that the price will retest that area to continue following the broken trend.
Vietnamese
-Đây là chỉ báo dành cho các trader thuộc trường phái phân tích đường xu hướng
-Chiến lược Pine Script vẽ các điểm trục và đường xu hướng trên biểu đồ.
-Chiến lược này cho phép người dùng chỉ định khoảng thời gian tính toán các điểm xoay và số điểm xoay được sử dụng để tạo các đường xu hướng .
-khi đường xu hướng tăng(hoặc giảm) được vẽ ra theo các thiết lập trong cài đặt của chỉ báo,thì đường đó là hỗ trợ,kháng cự để ta có thể tiến hành thực hiện điểm BUY hoặc SELL theo chiến lược hỗ trợ và kháng cự
-khi đường giá mà phá vỡ lên trên hoặc xuống dưới đường xu hướng thì giá đã đảo chiều ngược với đường xu hướng gần nhất (như các ví dụ trong các hình dưới đây.)
-Những đường nằm ngang của đường xu hướng sau khi bị phá vỡ nó sẽ hình thành cho ta là vùng hỗ trợ hoặc kháng cự mà rất có thể giá sẽ kiểm tra lại vùng đó để tiếp tục theo xu hướng bị phá vỡ.
TrendLineScalping-BasicDear Traders,
Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script.
This is just a logic based script and doesn't do any kind of wonders. Hence you may use it as necessary.
Regards....
Trendlines Boll Ichi S1 by GammaprodI. How to use this indicator :
------------------------------
I.1. Set your teadingview theme to dark theme.
I.2. Gammaprod indicator is valid for forex, stock and but more valid for crypto.
I.3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
I.4 Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi S1 by Gammaprod
- MACD Volume S2 by Gammaprod
- Stoch RSI Divs Zone S2 by Gammaprod
============================================================================
II. How to setting :
--------------------
II.1. Trendlines Boll Ichi Crypto by Gammaprod
II.1.A. Support and Resistance
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
II.1.B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
II.1.C. Bollinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
II.2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
II.3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
============================================================================
III. How to read :
------------------
III.1. Sell or Buy Priority :
III.1.A. Sell Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
III.1.B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
III.1.C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please be careful at this moment.
III.2. Trend / Consolidation :
III.2.A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
III.2.B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
III.2.C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
III.3. Special Mark
III.3.A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
III.3.B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
III.3.C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
III.3.D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
III.3.E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
============================================================================
IV. How to OPEN position:
-------------------------
IV.1. Bullish
IV.1.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
IV.1.B. MACD Volume S2 by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
IV.1.C. Stoch RSI Divs Zone S3 by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
IV.2. Bearish
IV.2.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
IV.2.B. MACD Volume S2 by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
IV.2.C. Stoch RSI Divs Zone S3 by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
IV.3. Consolidation
IV.3.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
IV.3.B. MACD Volume S2 by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
IV.3.C. Stoch RSI Divs Zone S3 by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
============================================================================
>> The secret ingredient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit chars on this column, I hope it will help your trading and make a more profit on it.
Trendlines Oscillator [LuxAlgo]The Trendlines Oscillator helps traders identify trends and momentum based on the normalized distances between the current price and the most recently detected bullish and bearish trend lines.
The indicator features bullish and bearish momentum, a signal line with crossings, and multiple smoothing options.
🔶 USAGE
The indicator displays three lines: two for momentum and one for the signal. When one of the momentum lines (bullish or bearish) crosses the signal line, the tool displays a dot to indicate which momentum is gaining strength.
As a general rule, when the green bullish momentum line is above the red bearish momentum line, it indicates buyer strength. This means that the actual prices are farther from the support trend lines than the resistance trend lines. The opposite is true for seller strength.
To calculate bullish momentum, the tool first identifies bullish trend lines acting as support below the price. Then, it measures the delta between the price and those trend lines and normalizes the reading into the displayed momentum values.
The same process is used for bearish momentum, but with bearish trendlines acting as resistance above the price.
🔹 Length & Memory
Modifying the Length and Memory values will cause the tool to display different momentum values.
Traders can adjust the length to detect larger trendlines and adjust the memory to indicate how many trendlines the tool should consider.
As the chart above shows, smaller values make the tool more responsive, while larger values are useful for detecting larger trends.
🔹 Smoothing
By default, the data is not smoothed, and the signal uses a triangular moving average with a length of 10. Traders can smooth both the data and the signal line.
Traders can choose from up to ten different methods, or none. Some examples are shown on the chart above.
🔶 DETAILS
The steps for the calculations are as follows:
1. Gather the pivots, highs, and lows.
ph = fixnan(ta.pivothigh(lengthInput, lengthInput))
pl = fixnan(ta.pivotlow(lengthInput, lengthInput))
2. Calculate the slope and y-intercept for each trendline between contiguous lower highs (resistance) or higher lows (support).
if ph < ph
slope = (ph - ph )/(n-lengthInput - phx1)
res.unshift(l.new(ph - slope * phx1, slope))
if pl > pl
slope = (pl - pl )/(n-lengthInput - plx1)
sup.unshift(l.new(pl - slope * plx1, slope))
3. Calculate the value of each trendline on the current bar, then calculate the difference with the current price (delta). To calculate the relative sum of deltas, only consider trendlines below the price for support or above the price for resistance.
method get_point(l id, x)=>
id.slope * x + id.intercept
for element in sup
point = element.get_point(n)
if sourceInput > point
sup_sum += sourceInput - point
sup_den += math.abs(sourceInput - point)
for element in res
point = element.get_point(n)
if sourceInput < point
res_sum += point - sourceInput
res_den += math.abs(point - sourceInput)
4. Normalize the value from 0 to 100 by taking the sum of the relative values of the deltas divided by the sum of the absolute values of the deltas.
float supportLine = sup_sum / sup_den * 100
float resistanceLine = res_sum / res_den * 100
5. Smooth both values, then calculate the signal line as the difference between them.
float smoothSupport = smooth(supportLine,dataSmoothingInput,dataSmoothingLengthInput)
float smoothResistance = smooth(resistanceLine,dataSmoothingInput,dataSmoothingLengthInput)
float signal = math.abs(smoothSupport - smoothResistance)
float signalLine = smooth(signal,smoothingInput,smoothingLengthInput)
6. Calculate the crossing signals against the signal line, using only the first signal from each series of bullish or bearish crossings.
bullSignal = smoothSupport > signalLine and smoothSupport < signalLine
bearSignal = smoothResistance > signalLine and smoothResistance < signalLine
lastSignal := bullSignal and lastSignal == BEAR ? BULL : bearSignal and lastSignal == BULL ? BEAR : lastSignal
firstBull = ta.change(lastSignal) > 0
firstBear = ta.change(lastSignal) < 0
🔶 SETTINGS
Length: The size of the market structure used for trendline detection.
Memory: The number of trendlines used in calculations.
Source: The source for the calculations is closing prices by default.
🔹 Smoothing
Data Smoothing: Choose the smoothing method and length
Signal Smoothing: Choose the smoothing method and length
Trendlines HTF [theEccentricTrader]█ OVERVIEW
This indicator automatically draws dynamic higher timeframe support and resistance lines from preceding peak to current peak and from preceding trough to current trough. In the example above I have applied the indicator three times; one for the 1D trendlines (red), one for the 4H trendlines (orange) and one for the 2H trendlines (green).
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a high price equal to or above the price it opened.
• A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level, with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level, with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
█ FEATURES
Inputs
• HTF Resolution
• Resistance Line Color
• Support Line Color
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Similarly, if the current timeframe is not a factor of the higher timeframe there will be occasions when the left hand offset is out by a couple of bars. This is because the calculations are ultimately based on how many lower timeframe bars there are inside a sequence of higher timeframe bars. The lines will also behave unexpectedly if the higher timeframe resolution is lower than the current timeframe, but that should be expected.
If the lines do not draw or you see a study error saying that the script references too many candles in history, this is most likely because the higher timeframe anchor point is not present on the current timeframe. This problem usually occurs when referencing a higher timeframe, such as the 1-month, from a much lower timeframe, such as the 1-minute. How far you can lookback for higher timeframe anchor points on the current timeframe will also be limited by your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000.
Trendlines 2x ver. 5 plus GMMA modifiedthis is a copy of "Trendlines 2x +" Script by Lij_MC (but converted to Version 5 of Pine script), which draws trendlines from the pivot points in the price chart and also add some arrows from "Guppy Multiple Moving Averages" Indicator by optictropic for trend confirmation.
I Change this code from Pine script 4 to 5 to add some functionalities to it.
Some adjustments of parameters have been made by me to easy recognition of Trendline breaks.
These parameters are in the original code, but I make them default for nicer look of the indicator and easier recognition of Trendline breaks.
for example, breaking the primary trendlines are shown by color change of the candles and in the same time by a Break symbol as a label.
breaking the secondary trendlines are shown only by candle color. Extension of the secondary trendlines are set to 50 candles to better recognize the past trendlines .
color candles are set to default to easily see the trend direction of the chart.
I have also added some arrows by the help of "Guppy Multiple Moving Averages" indicator by optictropic, that can be used for confirmation of trend direction.
I think this can represent good looking trend direction and trendline breaks can help traders for a better trade decision.
for better trading with this indicator, buy when you have green or lime color for candles, and GMMA gives UP long arrow signals, check higher time frames, and at last, this is only a help but not a final decision making indicator. you must have your own price action analysis.
best wishes
Trendlines 2x +Copy of "Trendlines - JD" script by Duyck, which draws Trendlines from the pivot points in the price chart.
I have simply Doubled the amount of Trendlines, so now there are;
A Primary set of Trendlines at a higher lookback length and Thicker Line Width
and
A Secondary set of Trendlines at a Lower lookback length and Thinner Line Width
The default values work well when comparing multiple time frames at 3x time difference, play around with these values for other x time variations
I have also simplyfied the Trendline Extension Function to make it more user friendly
Please use the Alerts with caution as the Trendline Break function still needs to be optimised
Also included are Trend Candles to color the bars according to momentum, Trencandles script is a copy of UCS_Trend by ucsgears
Trendlines [theEccentricTrader]█ OVERVIEW
This indicator automatically draws dynamic support and resistance lines from preceding peak to current peak and from preceding trough to current trough.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a high price equal to or above the price it opened.
• A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level, with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level, with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
█ FEATURES
Inputs
• Resistance Line Color
• Support Line Color
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Trendlines - JD This script draws trendlines from the pivot points in the price chart.
The input for the function that draws the trendlines is any calculation or function (eg. pivot points),
that most of the time and occasionally produces a 'non n/a' value.
The trendline function then connects the non n/a values and axtends the connections of those points in a trendline.
There is an option to draw the lines from the wicks or from the 'real bodies' of the candles.
The trendlines can either extend infinitely or only run for an adjustable amount of bars.
JD.
TrendLines with AlertsThis isn't my own work, hence giving it in Open Source library for others to benefit from it too.
I have tried to refin the output of trendlines in this Strategy
The original Code is available at
The script needs some modifications, so I'll be making further updates in future, but for now I'm publishing this because most people don't know how to track trandlines, moreover, some use Line.New() by tradingview Pinescript, which again is a bit difficult to deal with.
This script is a basic version of trendlines on a certain angle (anglecheck was provided by the original author in his script).
Nothing fancy in this script.
Also Converted the original Script to Pinescript v4.
Trendlines, SMC, SR, This is a Comprehensive Indicator - It includes Trendlines and shows break outs, SMC, FV gaps, Order Blocks, Support and Resistance, Moving Averages, and Kernel Switch. "All in One"
TrendLines with ATR and MA [KoTa]The "TrendLines with ATR and MA " indicator combines trend lines, breakout signals, ATR-based trend tracking, and moving averages (MA).
Input Settings and Customization:
After adding the indicator, click on its name at the top of the chart and open the "Settings" tab.
Main sections:
Trend Lines and Breakouts (Periods 1-5):
General Usage Tips:
Chart Timeframe: Works on any timeframe (from 1 minute to weekly). Shorter timeframes (e.g., 5-minute) generate more signals, while longer timeframes (e.g., daily) produce fewer but more reliable signals.
Compatibility: Overlay=true, meaning it is drawn directly on the candlestick chart. It can be combined with other indicators (e.g., RSI, MACD).
Advantages
This indicator outperforms standard trend line tools due to its automated, multi-period, and integrated features:
Automated Trend Line Drawing: Instead of manual drawing, it creates trend lines based on pivot highs/lows. Different periods (3-50) enable multi-timeframe analysis, allowing you to see short- and long-term trends on the same chart.
Breakout Detection and Labeling: Detects breakouts in real-time using dotted extensions. B (Buy) and S (Sell) labels (e.g., B1 for period1 up breakout) clarify signals. Historical breakouts are shown in gray for context.
ATR Integration: Volatility-based trend tracking (similar to SuperTrend). Calculates channel deviation to adapt to market volatility. Arrows highlight trend reversals quickly.
Moving Averages Integration: Flexible MA types (e.g., VWMA for volume-weighted analysis) for trend filtering. No Bollinger Bands option, but MAs can validate breakouts.
Performance and Visuals: Limits line count with max_lines_count for memory efficiency. Colors and line widths are customizable, and old elements are automatically managed (deleted or grayed out). Precision=0 ensures clean price formatting.
Flexibility: All components (trend lines, ATR, MA) can be toggled on/off, allowing for simple or complex usage.
Benefits Provided
This indicator speeds up trading decisions and reduces errors:
Trend and Support/Resistance Detection: Pivot-based lines provide automatic support (green, lows) and resistance (red, highs) levels. Benefit: Reduces manual analysis time, saving effort in scalping or swing trading.
Breakout Signals: Signals are triggered when the close price crosses over/under the extended line. Benefit: Catches potential trend starts early; ATR can filter false breakouts. B/S labels provide visual alerts, simplifying alert setup.
Volatility Adaptation (ATR): Adjusts trend lines based on market fluctuations. Benefit: Wider channels in high-volatility periods (e.g., crypto) and narrower in low volatility, reducing whipsaws (false signals). Arrows clearly show trend changes, ideal for position management.
MA Validation: MAs measure trend strength (e.g., EMA20 above indicates uptrend). Benefit: Filtering breakouts with MA crossovers improves accuracy. VWMA offers volume-based analysis to eliminate weak trends.
General Benefits:
Risk Management: Breakout levels can be used for stop-loss placement (e.g., below breakout).
Profit Potential: When tested on historical data (backtesting), it can be optimized by period—shorter periods for quick entries, longer for holding.
Educational Value: Visualizes fractal, pivot, and ATR concepts for new traders.
Time Savings: Automation eliminates hours of chart analysis; updates in real-time.
Multi-Asset Compatibility: Works for stocks, forex, and crypto; ATR shines in volatile assets.
Possible Strategies
This indicator supports various strategies, primarily focused on breakouts and trend following, enhanced by MA and ATR filtering.
Breakout Trading Strategy:
Rules: Enter long on B (Buy) label (crossover up line), short on S (Sell). For example, enter on B3 (period10), with stop-loss below the previous pivot low.
Filtering: Confirm with ATR arrow up (trend=0). Ensure price is above MA1 (20).
Exit: Profit target at ATR*2 or exit on reverse breakout (S).
Advantage: Ideal for scalping (p1-p2) or swing trading (p4-p5). Benefit: High win rate in volatile markets.
Trend Following Strategy:
Rules: Hold long if ATR trend line is green (up) and MA1 > MA2. Strengthen entry with breakout B.
Filtering: Use only larger period breakouts (p3-p5) with ATR in slow mode.
Exit: Exit on ATR arrow down (reversal) or MA crossover.
Advantage: Captures long-term trends with low drawdown. Benefit: Suitable for passive trading, especially on weekly charts.
Pullback Strategy:
Rules: In an uptrend (green ATR line), enter long when price pulls back to the downtrend line (green pivot low line).
Filtering: No breakout, supported by MA (price above MA). Set stop using ATR deviation.
Exit: New high breakout or ATR reversal.
Advantage: Low-risk entries, captures trend continuations. Benefit: Effective in range-bound markets.
Multi-Timeframe Combination:
Rules: Match short-period (p1) breakouts with long-period (p5) trends (e.g., p5 up + p1 B = long).
Filtering: ATR in medium mode, MAs in golden cross (20>50).
Advantage: Reduces false signals, validates H4 breakouts with D1 trends. Benefit: Suitable for professional traders, with backtesting showing 60%+ win rates.
Risk and Optimization Tips:
Position Sizing: Calculate using ATR (stop-loss distance / 1% risk).
Backtesting: Test in strategy mode; short periods may overtrade, while longer ones may miss opportunities.
