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Mohammad - Auto Trendlines - Versión Estable
Mohammad - Auto Trendlines - Dynamic Support & Resistance
This indicator automatically identifies and draws trendlines by connecting pivot highs and pivot lows, similar to how a professional trader would manually draw them on a chart. Each pivot point is used only once to maintain clean, non-overlapping lines.
Key Features:
Automatically detects and connects pivot points to form trendlines
Distinguishes between resistance lines (connecting highs, drawn from top) and support lines (connecting lows, drawn from bottom)
Each pivot/wick is used for maximum one trendline, preventing messy overlapping
Color-coded: Black for resistance lines (bearish), Blue for support lines (bullish)
Support lines can be toggled on/off (hidden by default for cleaner charts)
Parameters:
Minimum/Maximum Length: Controls the range of bars to search for trendline connections (5-40 bars default)
Pivot Strength: Determines how prominent a high/low must be to qualify as a pivot point
Line Extension: Projects trendlines forward into the future
Tolerance: Flexibility for validating price touches on the trendline
Maximum Lines: Limits the number of visible trendlines to prevent chart clutter
How It Works:
The indicator scans historical price data to identify significant pivot points (local highs and lows). It then connects these pivots with trendlines following these rules:
Resistance lines connect pivot highs where the recent high is lower than the older high (descending)
Support lines connect pivot lows where the recent low is higher than the older low (ascending)
Lines must have intermediate price touches to be considered valid
Each pivot can only be used once, ensuring clean, logical trendline placement
Use Cases:
Identify key support and resistance levels automatically
Spot trend continuations and potential reversal points
Save time by eliminating manual trendline drawing
Maintain consistency in technical analysis
The indicator updates every 5 bars and on the last bar to ensure current relevance while maintaining performance.
This indicator automatically identifies and draws trendlines by connecting pivot highs and pivot lows, similar to how a professional trader would manually draw them on a chart. Each pivot point is used only once to maintain clean, non-overlapping lines.
Key Features:
Automatically detects and connects pivot points to form trendlines
Distinguishes between resistance lines (connecting highs, drawn from top) and support lines (connecting lows, drawn from bottom)
Each pivot/wick is used for maximum one trendline, preventing messy overlapping
Color-coded: Black for resistance lines (bearish), Blue for support lines (bullish)
Support lines can be toggled on/off (hidden by default for cleaner charts)
Parameters:
Minimum/Maximum Length: Controls the range of bars to search for trendline connections (5-40 bars default)
Pivot Strength: Determines how prominent a high/low must be to qualify as a pivot point
Line Extension: Projects trendlines forward into the future
Tolerance: Flexibility for validating price touches on the trendline
Maximum Lines: Limits the number of visible trendlines to prevent chart clutter
How It Works:
The indicator scans historical price data to identify significant pivot points (local highs and lows). It then connects these pivots with trendlines following these rules:
Resistance lines connect pivot highs where the recent high is lower than the older high (descending)
Support lines connect pivot lows where the recent low is higher than the older low (ascending)
Lines must have intermediate price touches to be considered valid
Each pivot can only be used once, ensuring clean, logical trendline placement
Use Cases:
Identify key support and resistance levels automatically
Spot trend continuations and potential reversal points
Save time by eliminating manual trendline drawing
Maintain consistency in technical analysis
The indicator updates every 5 bars and on the last bar to ensure current relevance while maintaining performance.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.