Auto Trend Channel MTF | TCMaster

Auto Trend Channel MTF
The Auto Trend Channel MTF is a dynamic price channel indicator that automatically identifies and draws trendlines based on recent swing highs and lows. It helps traders visualize the prevailing trend direction and potential support/resistance zones by connecting pivot points on a customizable timeframe.
This tool uses pivot-based logic to detect two recent highs and lows, calculates their slopes, and draws an upper and lower trendline — forming a real-time channel that extends into the future.

⚙️ How It Works
1. Pivot Sensitivity
The length input determines how sensitive the pivot detection is.
A lower value makes the indicator react faster; a higher value smooths out smaller fluctuations.

2. Higher Timeframe (HTF) Option
You can specify a higher timeframe (HTF) to base the channel calculations on.
Leave blank to use the current chart timeframe.

3. Auto-Detection of Trendlines
The indicator continuously detects the two latest pivot highs and pivot lows from the selected timeframe.
It calculates the slope between these pivot points.
Trendlines are extended into the future by a user-defined number of bars (extendBars).

4. Visual Output
Upper Trendline (from pivot highs): Red
Lower Trendline (from pivot lows): Green
Channel Fill (area between lines): Light blue (optional)

✅ How to Use
Setup Instructions
Add the script to your TradingView chart.
Choose your preferred pivot sensitivity and future extension length.
(Optional) Select a higher timeframe for more macro-level channeling.

Trading Applications
Trend Confirmation: Use the direction of the channel to confirm trend bias.
Support & Resistance: The upper and lower bounds can serve as dynamic support/resistance zones.
Breakout Detection: Watch for price to break above/below the channel.
Scalping & Swinging: Adjust sensitivity depending on your trading style.

🟥 Tips
For scalping, use lower sensitivity and current timeframe.
For trend-following, use a higher timeframe and smoother pivot detection.

📝 Notes
The channel automatically updates when new valid pivot points appear.
Trendlines are always drawn using the most recent confirmed pivot pairs.
This indicator is non-repainting once pivot points are confirmed.