Just a modification of my old auto-line script, lot of errors fixed and a correction in the standard deviation. Also changed the tittle because "auto-line" was really confusing.
Here is the code of twr indicator
I'v already posted a idea about this indicator. You guys can make this chart more complete if you want.
Complete indicator is just fixed the color align in some price pattern.
The rule is hard to write for me but we have simple version here. :)
Read more about tower line:
Tower line here
Need help about tower line(To add the...
Introduction
Making lines is great in technical analysis since it can highlights principal movements and make the analysis of the price easier when using certain methodologies (Elliott Waves, patterns).
However most of the indicators making lines (Zig-Zag, simple linear regression) are non causal (repaint), this is the challenge i tried to overcome, making an...
More Efficiency
Based on the Auto-Line code, the Efficient Auto Line aim to provide a more controlled adaptivity of the indicator. The first indicator of this sort worked this way : when the absolute difference between the price and the indicator is higher than the previous indicator +/- A pips of amplitude, the indicator will display the closing price, else...
it plots
ema - you can choose length
it plots a custom price say x
it plots price x*factors >
1.0005* price
1.001* price
0.9995* price
0.999* price
1.002* price
1.004* price
1.006* price
1.008* price
1.010* price
1.012* price
you can edit these , the scrip is open source
it plots ohlc4 and ohlc4* factors
1.0005* ohlc4
1.001* ohlc4
0.9995* ohlc4
0.999* ohlc4
you...
A variation on the Auto-Line indicator, we allow it to get closer to the price thanks to a drift , this also allow the line to be more directional .
This indicator can be used with moving averages using crosses as signals or as a band indicator by ploting a + dev as the upper band and a - dev as the lower one.
For any help or suggestions feel free to send a...
Linear Trend Follower follows 'source' trend using lines within a number of periods ('length') using the last n periods source variation divided by 'length' as line slope. It is delayed by 'length' periods.
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state.
If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter.
Hope you enjoy :)
Draws line at bar on condition, up to 40 bars in length.
Well, that's not a line, but a set of `—` characters. But it looks like a line, so it is line.
52WLow - Plot the moving 52week low of the stocks daily price. Great for giving warning when a stock is close or about to break down to a new low. Best is used with a light red shading below line.
Plots the standard deviation resistance/support levels.
Input the previous settlement price and the implied volatility.
credit to u/UberBotMan and u/Living_Granger for the idea and formulas
(preview example is using settlement of 2420 and IV of 11)
Open and close lines. I used a 4 minute timeframe, so the open price goes on 08:28-08:32 central time for the 8:30 open. You can change those times if you want, just copy/paste the script and edit.
experimental:
draws a line from 2 vectors(price, time)
update:
reformatted the function,
added automatic detection of the period multiplier by approximation(gets a bit goofy with stocks/week time),
example using timestamp() function.
offsetting is still bugged, i cant find a way around it atm.
![EURAUD: [RS]Function - Geometric Line Drawings](https://s3.tradingview.com/k/KhKqjR0J_mid.png "[RS]Function - Geometric Line Drawings")
![EURAUD: [RS]Auto Trend Channel](https://s3.tradingview.com/d/d2BvtClN_mid.png "[RS]Auto Trend Channel")
![USDJPY: [RESEARCH] Dashed Line Style](https://s3.tradingview.com/u/UbWkB5b4_mid.png "[RESEARCH] Dashed Line Style")
