OPEN-SOURCE SCRIPT

Dynamic Sloping Trendlines

Trend line with breaks :

What This Script Does
Swing Highs and Lows:

Identifies recent swing highs and swing lows dynamically.
Sloping Trendlines:

Connects the most recent swing high and swing low to the current price with angled lines (not horizontal).
Trendlines automatically update as new swing points are detected.
Breakout Detection:

BUY: When the price breaks above the sloping resistance trendline.
SELL: When the price breaks below the sloping support trendline.
Clean Visualization:

Old trendlines are automatically deleted to keep the chart clean.
Breakout Signals:

Visual breakout signals appear with "BUY" or "SELL" labels.
Alerts notify you of breakout conditions.
How It Looks
Green Sloping Trendline: Connects recent swing highs (resistance).
Red Sloping Trendline: Connects recent swing lows (support).
Labels:
BUY appears when the price breaks above the green trendline.
SELL appears when the price breaks below the red trendline.
How to Use It
Open TradingView and go to the Pine Script Editor.
Copy and paste the code above.
Save and add it to your XAU/USD 5-minute chart.
Adjust:
Swing Point Length to fine-tune how far back the script detects highs/lows.
Breakout Buffer for breakout confirmation.
Results
You will see sloping/angled trendlines that adjust dynamically, just like your manually drawn trendlines, with breakout signals for entry.
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Skrypt open-source

W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.

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