Hello Everyone! This is my new trend lines script (after beta version that was published almost one year ago)
The idea is to find Pivot Highs (PH) and Pivot Lows(PL) first.
Then, If current PH is smaller then previous PH (means no new higher high and possible downtrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.
Same idea when using Pivot Lows, If current PL is higher then previous PL (means no new lower low and possible uptrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.
Optionally style of old trend lines drawn as dashed.
Hope you enjoy it!
Sürüm Notları
⋅
transp parameter removed added color options for up/downtrend lines changed pivot point label color
wow that is a best indicator!!!! I have ideas, when it reach PL, can you make that alert message? if you can, it'll work for bot trade. I am happy to pay if you know how to coding an alert message when it reach PL or PH because I don't have to focus chart all day 24/7 lol. let me know please. message me.
santhaveerappa
⋅
CONCEPT IS SUPER SIR BUT I AM NOT GETTING PH AND PL LEVELS IN LIVE MKT, IT IS NOT GIVING SIGNALS NOT IN TIME MEANS IT DISPLAY PL AND PH SIGNALS FOR PREVIOUS CANDLES
PLS TELL ME HOW TO GET INSTANT PL AND PH LEVELS
mcxlions
⋅
@santhaveerappa, hi...any idea after how many candles are you getting the L,H signal ? what tome frame r u using ?
@LonesomeTheBlue, please how many bars it will count before H or L will appear (print)
Benjith
⋅
HI...DOES IT GIVE LIVE ALERTS ACCORDING TO THE MARKET.
whoostyle
⋅
genius
ariyan40
⋅
that's great bro.....
jessi061
⋅
Dynamic trendline would have been a nice name hehe.. remarkable work keep it up buddy! If you have time make an indicator that calculates the pivot point levels p,s1,2,3 | r1,r2,r3 using the Fibonacci method and it should be possible to use in minute and hourly resolution(TF). I'm sure it will hit 500+ likes buddy as there is no such indicator yet in tradingview and that's most useful for scalpers who values SNR,Retracement,Sentiment,Range, etc.