{20}Dashboard Trendlines & Wedge_Pro[vn]This is a script about 20 trading pairs with trendline.
-on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline
-so when the statistics on the table also show the column of the uptrend and the column of the downtrend
-When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue (downtrend), red (uptrend)
The column ✎ T.line-trendline above(✐ T.line-trendline below) is the value of the current trendline compared to the closing price of the candle
The ══════\n\𝖗𝖊𝖘𝖎𝖘𝖙𝖆𝖓(𝖘𝖚𝖕𝖕𝖔𝖗𝖙\n\══════) column when the price breaks will show ➊ (the is the first candle) and the percentage value when breaking through the point of the trendline.
Especially when a candle has closed above the trendline (assuming an uptrend), then from the 2nd tree to the current , it will count according to memory so that traders know when the price broke, and how many candles already.
The parameter when breaking is displayed < 10, it means that the price has broken through 10 candles, and the first 10 candles are colored yellow, then the color returns to normal.
In addition, when displaying 3 parameters as above, the next column (above/below T.line) will display the percentage from when the price breaks that point to the current price of the candle.
Wedge column is when the price is stuck between the upper and lower trendlines, if the sharp angle ratio is <=10%, the new column will show the value (and the text color is white) until it breaks to the bottom. 1 direction is left is hidden
Price column is the current price of the candle and the parameter 20:2 is the length of the trendline and to combine the same parameter with the indicator "Trendlines_pro "
You can change the time in Resolution indicator settings to show multiple time display the same cell as the price cell
The up arrow icons 🡹 represent the price broke upwards , the down arrows 🡻 represent the price broke below
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Vietnamese
Đây là script về bảng thống kê 20 cặp giao dịch với đường trendline .
-trên mỗi biểu đồ của cặp giao dịch chỉ tồn tại duy nhất 1 cặp trendline là: 1trendline tăng và 1 trendline giảm
-vì vậy khi thống kê trên bảng cũng hiển thị cột của trend tăng và cột của trend giảm
-khi giá tiến gần đến 1 đường trendline bất kì mà tỉ lệ còn 1% thì đường trendline đó tô màu xanh(trend giảm) ,màu đỏ(trend tăng)
-cột ✎ T.line-đường trendline bên trên(✐ T.line-đường trendline bên dưới) là giá trị của đường trendline hiện tại so với giá đóng cửa của nến
-cột ══════\n\𝖗𝖊𝖘𝖎𝖘𝖙𝖆𝖓(𝖘𝖚𝖕𝖕𝖔𝖗𝖙\n\══════) khi giá phá vỡ sẽ thể thiện ➊(tức là cây nến đầu tiên) và giá trị phần trăm khi phá qua điểm của trendline.
-đặc biệt khi 1 cây nến đã đóng cửa trên đường trendline(giả sử trend tăng) thì từ cây thứ 2 đến hiện tại nó sẽ đếm theo bộ nhớ để các trader biết được giá đã phá khi nào,và qua bao nhiêu nến rồi.
-thông số khi phá vỡ hiển thị < 10 thì hiểu là giá đã phá vỡ qua 10 nến, và 10 nến đầu tiên được tô màu vàng ,sau đó màu trở lại trạng thái bình thường
-ngoài ra khi hiện thông số như trên thì cột bên cạnh (above/below T.line) sẽ hiển thị được số phần trăm tính từ khi giá phá vỡ điểm đó đến giá hiện tại của cây nến.
-cột Wedge(cái nêm) là khi giá đang bị kẹt giữa 2 đường trendline trên và dưới ,nếu tỷ lệ góc nhọn <=10% thì cột đó mới hiện giá trị (và màu chữ là trắng) cho đến khi phá vỡ về 1 hướng nào đó còn lại là bị ẩn
-cột giá là giá hiện tại của nến và thông số 20:2 là độ dài đường trendline và để kết hợp cùng thông số với chỉ báo "Trendlines_pro "
-các bạn có thể thay đổi thời gian trong cài đặt chỉ báo Resolution để hiển thị nhiều cung thời gian hiển thị cùng ô với ô giá
-các biểu tượng mũi tên lên 🡹 thể hiện giá phá vỡ lên trên ,mũi tên xuống 🡻 thể hiện giá đã phá vỡ xuống dưới
Cảm ơn mọi người đã quan tâm và tin dùng
Wyszukaj w skryptach "trendline"
MTF Trendlines_Pro[vn]-This is an indicator for trendline traders
-it statistics the upper and lower trend lines of the Multi Time Frame.
-Pine Script strategy draws pivot points and trendlines on the chart.
-This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines.
-I use the "Trendlines_Pro " indicator to interpret the indicator "MTF trendlines_Pro " indicator for everyone to understand
-time frames are selected in settings like 1m,3m,15m,1h,2h,4h,6h,12h,1D.1W.1Month..
-If the price is in a wedge pattern, it is represented by the upper and lower parameters, the upper parameter is the resistance point of the upper trendline,the lower parameter is the support point of the below trendline
-when the price distance is <=1% from the trendline, the upper or lower parameter is colored blue (above) or red (below).
-when only the parameter is accompanied by the ⇗ or ⇘. symbol, it tells us that the price has not broken the corresponding trend line
-when showing green heart and % break .indicates that the price has broken the downtrend line to become an uptrend.
On the contrary, the red heart % breaks, it signals us to break the uptrend line to become a downtrend
-when showing parameters 12(1)|18(2)|20(3) and green heart, then :(3) shows that the price has broken out before 20 candles, (2) shows that there are 18 candles to close above The breakout point, (1) represents the last 12 candles that closed above the breakout point and as if a nice uptrend has occurred because 98% of the candles have closed above the breakout point....the opposite of The red heart is the price that broke below the trendline below.
-"MTF trendlines_Pro "indicator is integrated for both the trendline of the price line and the RSI. You can change it in the settings as shown below.
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vietnamese
-Đây là chỉ báo dành cho các trader thuộc trường phái phân tích đường xu hướng
-nó thống kê các đường xu hướng trên và dưới của Multi Time Frame.
-Chiến lược Pine Script vẽ các điểm trục và đường xu hướng trên biểu đồ.
-Chiến lược này cho phép người dùng chỉ định khoảng thời gian tính toán các điểm xoay và số điểm xoay được sử dụng để tạo các đường xu hướng .
-tôi có dùng chỉ báo trendline_pro dùng để diễn giải chỉ báo MTF trendlines_pro cho mọi người dễ hiểu
-các khung thời gian được lựa chọn trong cài đặt như 1m,3m,15m,1h,2h,4h,6h,12h,....
-Nếu giá đang trong mô hình cái nêm thì được thể hiện bằng tham số trên và tham số dưới, tham số trên là điểm kháng cự của đường xu hướng bên trên,tham số dưới là điểm hỗ trợ của đường xu hướng bên dưới
-khi giá cách đường xu hướng <=1% thì tham số trên hoặc dưới được tô màu xanh (trên) hoặc đỏ(dưới)
-khi chỉ có tham số kèm theo biểu tượng ⇗ or ⇘.thì cho ta biết là giá chưa phá vỡ được đường xu hướng tương ứng
-khi hiện trái tim xanh và % phá vỡ .báo hiệu cho ta biết giá đã phá vỡ đường xu hướng giảm trở thành xu hướng tăng.
ngược lại trái tim đỏ % phá vỡ thì báo hiệu cho ta phá vỡ đường xu hướng tăng trở thành xu hướng giảm
-khi hiện thông số 12(1)|18(2)|20(3) và trái tim xanh thì :(3) thể hiện giá đã phá vỡ trước đó 20 nến,(2) thể hiện có 18 cây nến đóng cửa trên điểm phá vỡ,(1) thể hiện có 12 nến gần nhất đóng cửa trên điểm phá vỡ và như vạy xu hướng tăng đẹp đã xảy ra vì chiếm đến 98% nến đã đóng cửa trên điểm phá vỡ....ngược lại với trái tim đỏ là giá đã đột phá xuống dưới đường xu hướng bên dưới
-chỉ báo MTF trendlines_pro được tích hợp chung cho cả trendline của đường giá và RSI .các bạn có thể thay đổi trong phần cài đặt như hình bên dưới.
Cloud Trendlines_Pro[vn]👉Hello Trader .
- This is the Kumo cloud trendline indicator (taken from the indicator) in my "trendline analysis" series.
- On the chart of this indicator, there is only 1 pair of trendlines that are closest to the clouds: 1 uptrend line and 1 downtrend line.
- Actually in the process of trading with the trendline of the price I see the price undulating and sometimes the trendline of the price has been broken but also not sure if the price is a real break or a fake break, from which I came up with the idea to include the Ichimoku indicator for analysis. The Ichimoku indicator gives a good "Long" signal when the price breaks above the Kumo cloud and an uptrend when the price is still above the cloud (mathematical formula for creating the cloud of the Kumo cloud). Ichimoku I won't repeat it again), from here I have studied the trend line of the Kumo cloud. Because when the cloud goes up, the price increases, when the cloud goes down, the price decreases, So when the clouds begin to flatten and If the cloud shows signs of crossing its trendline, it is a signal of trend reversal or continuation of the previous trend.
- So, when combining 2 trend lines: price trendline and cloud trendline, it allows me to filter false breakout price signals and give a stoploss very effectively, especially effective with 5m frames. ,15m to create a new trend.
- The best entry signal is when the 2 trendlines are parallel and tend to cluster and the "price candle" breaks the 2 trend lines of the price and the cloud at the same time (it is possible that the price reacts at this point a few candles). ).if in a small time frame we can enter the "Market" order, and on the H1 frame or higher, we can still enter the "Market" order or wait for the retest of these 2 trend lines to place an order.
- If only one of the above 2 trend lines is displayed, the trader can ignore it.
- This cloud trendline method is very effective when the price is in the sideway, the price is bumpy (can't draw the trendline of the price)...but look at the trendline of the cloud if the cloud breaks its trendline. then it is a signal for us to know that the price has come out of the sideway and we can enter an order in the direction of breaking the trendline of the cloud.
- Small timeframes such as 1m, 3m, 5m, 15m I leave the default (cannot be changed) in the setting item 'Length' = 50, the remaining time can be changed, the default is 50
- To adjust, you can go to the setting to set the time according to your needs.
- The color of the Clouds trendline should be the same color as the clouds.
Note:
👉Indicator "Cloud Trendlines_Pro " should be combined with indicator "Trendlines_Pro " to give the best signal
Below are the images taken from my transaction.
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Vietnamese
👉Xin chào Trader Việt nam.
- Đây là chỉ báo về đường xu hướng của mây Kumo(lấy từ chỉ báo ) trong chuỗi "phân tích với đường xu hướng" của tôi.
- Trên biểu đồ của chỉ báo này chỉ vẽ ra 1 cặp đường xu hướng đi sát nhất với mây là: 1 đường xu hướng tăng và 1 đường xu hướng giảm.
- Thực ra trong quá trình giao dịch với đường xu hướng của giá tôi thấy giá đi nhấp nhô và có khi đường xu hướng của giá đã bị phá vỡ nhưng cũng không chắc chắn là giá phá vỡ thật hay phá vỡ giả, từ đó tôi nảy ý tưởng đưa chỉ báo Ichimoku vào để phân tích.Chỉ báo Ichimoku cho tín hiệu "Long" tốt khi giá vượt lên đám mây Kumo và xu hướng tăng khi giá vẫn ở trên mây(công thức toán học để tạo lên đám mây của Ichimoku tôi xin không nhắc lại nữa), từ đây tôi đã nghiên cứu ra đường xu hướng của mây Kumo.Vì khi mây hướng lên thì cho giá tăng, mây hướng xuống thì cho giá giảm,Vậy khi mây bắt đầu đang bằng phẳng và mây có dấu hiệu cắt đường xu hướng của nó thì đó là điểm báo đảo chiều xu hướng hay tiếp diễn xu hướng trước đó.
- Như vậy khi kết hợp 2 đường xu hướng là :đường xu hướng của giá và đường xu hướng của mây cho tôi lọc được tín hiệu giá phá vỡ giả và cho điểm stoploss cũng cực hiệu quả, đặt biệt hiệu quả với các khung 5m,15m để tạo lên xu hướng mới.
- Tín hiệu vào lệnh đẹp nhất khi 2 đường xu hướng song song và có xu hướng chụm lại và "cây nến giá" phá vỡ đồng thời 2 đường xu hướng của giá và mây(có thể giá phản ứng tại điểm này vài cây nến).nếu ở khung thời gian nhỏ ta có thể vào lệnh "Thị trường", còn khung H1 trở lên ta có vẫn có thể vào lệnh "Thị trường" hoặc chờ retest lại 2 đường xu hướng này để đặt lệnh.
- Nếu chỉ hiển thị một trong 2 đường xu hướng trên thì trader có thể bỏ qua.
- Phương pháp đường xu hướng cloud này rất hiệu quả khi giá trong vùng sideway ,giá mấp mô(không kẻ được đường xu hướng của giá )...nhưng nhìn vào đường xu hướng của mây nếu mây phá vỡ đường xu hướng của nó thì đó là tín hiệu để ta biết là giá đã ra khỏi vùng sideway và ta có thể vào lệnh theo hướng phá vỡ đường xu hướng của mây.
- Các timeframe nhỏ như 1m, 3m, 5m ,15m tôi để mặc định (không thay đổi được) trong setting mục 'Length' = 50, các thời gian còn lại có thể thay đổi được ,mặc định là 0
- Để điều chỉnh có thể vào setting để thiết lập các thời gian theo nhu cầu.
- Màu của đường xu hướng Mây tôi để cùng màu với mây.
Note:
👉chỉ báo "Cloud Trendlines_Pro " nên kết hợp với chỉ báo "Trendlines_Pro " để cho tín hiệu tốt nhất
Rsi TrendLines with Breakouts [KoTa]### RSI TrendLines with Breakouts Indicator: Detailed User Guide
The "RSI TrendLines with Breakouts " indicator is a custom Pine Script tool designed for TradingView. It builds on the standard Relative Strength Index (RSI) by adding dynamic trendlines based on RSI pivots (highs and lows) across multiple user-defined periods. These trendlines act as support and resistance levels on the RSI chart, and the indicator detects breakouts when the RSI crosses these lines, generating potential buy (long) or sell (short) signals. It also includes overbought/oversold thresholds and optional breakout labels. Below, I'll provide a detailed explanation in English, covering how to use it, its purpose, advantages and disadvantages, example strategies, and ways to enhance strategies with other indicators.
How to Use the Indicator
- The indicator uses `max_lines_count=500` to handle a large number of lines without performance issues, but on very long charts, you may need to zoom in for clarity.
1. **Customizing Settings**:
The indicator has several input groups for flexibility. Access them via the gear icon next to the indicator's name on the chart.
- **RSI Settings**:
- RSI Length: Default 14. This is the period for calculating the RSI. Shorter lengths (e.g., 7-10) make it more sensitive to recent price changes; longer (e.g., 20+) smooth it out for trends.
- RSI Source: Default is close price. You can change to open, high, low, or other sources like volume-weighted for different assets.
- Overbought Level: Default 70. RSI above this suggests potential overbuying.
- Oversold Level: Default 30. RSI below this suggests potential overselling.
- **Trend Periods**:
- You can enable/disable up to 5 periods (defaults: Period 1=3, Period 2=5, Period 3=10, Period 4=20, Period 5=50). Only enabled periods will draw trendlines.
- Each period detects pivots (highs/lows) in RSI using `ta.pivothigh` and `ta.pivotlow`. Shorter periods (e.g., 3-10) capture short-term trends; longer ones (20-50) show medium-to-long-term momentum.
- Inline checkboxes allow you to toggle display for each (e.g., display_p3=true by default).
- **Color Settings**:
- Resistance/Support Color: Defaults to red for resistance (up-trendlines from RSI highs) and green for support (down-trendlines from RSI lows).
- Labels for breakouts use green for "B" (buy/long) and red for "S" (sell/short).
- **Breakout Settings**:
- Show Prev. Breakouts: If true, displays previous breakout labels (up to "Max Prev. Breakouts Label" +1, default 2+1=3).
- Show Breakouts: Separate toggles for each period (e.g., show_breakouts3). When enabled, dotted extension lines project the trendline forward, and crossovers/crossunders trigger labels like "B3" (breakout above resistance for Period 3) or "S3" (break below support).
- Note: Divergence detection is commented out in the code. If you want to enable it, uncomment the relevant sections (e.g., show_divergence input) and adjust the lookback (default 5 bars) for spotting bullish/bearish divergences between price and RSI.
2. **Interpreting the Visuals**:
- **RSI Plot**: A blue line showing the RSI value (0-100). Horizontal dashed lines at 70 (red, overbought), 30 (green, oversold), and 50 (gray, midline).
- **Trendlines**: Solid lines connecting recent RSI pivots. Green lines (support) connect lows; red lines (resistance) connect highs. Only the most recent line per direction is shown per period to avoid clutter.
- **Breakout Projections**: Dotted lines extend the current trendline forward. When RSI crosses above a red dotted resistance, a "B" label (e.g., "B1") appears above, indicating a potential bullish breakout. Crossing below a green dotted support shows an "S" label below, indicating bearish.
- **Labels**: Current breakouts are bright (green/red); previous ones fade to gray. Use these as signal alerts.
- **Alerts**: The code includes commented-out alert conditions (e.g., for breakouts or RSI crossing levels). Uncomment and set them up in TradingView's alert menu for notifications.
3. **Best Practices**:
- Use on RSI-compatible timeframes (e.g., 1H, 4H, daily) for stocks, forex, or crypto.
- Combine with price chart: Trendlines are on RSI, so check if RSI breakouts align with price action (e.g., breaking a price resistance).
- Test on historical data: Backtest signals using TradingView's replay feature.
- Avoid over-customization initially—start with defaults (Periods 3 and 5 enabled) to understand behavior.
What It Is Used For
This indicator is primarily used for **momentum-based trend analysis and breakout trading on the RSI oscillator**. Traditional RSI identifies overbought/oversold conditions, but this enhances it by drawing dynamic trendlines on RSI itself, treating RSI as a "price-like" chart for trend detection.
- **Key Purposes**:
- **Identifying Momentum Trends**: RSI trendlines show if momentum is strengthening (upward-sloping support) or weakening (downward-sloping resistance), even if price is ranging.
- **Spotting Breakouts**: Detects when RSI breaks its own support/resistance, signaling potential price reversals or continuations. For example, an RSI breakout above resistance in an oversold zone might indicate a bullish price reversal.
- **Multi-Period Analysis**: By using multiple pivot periods, it acts like a multi-timeframe tool within RSI, helping confirm short-term signals with longer-term trends.
- **Signal Generation**: Breakout labels provide entry/exit points, especially in trending markets. It's useful for swing trading, scalping, or confirming trends in larger strategies.
- **Divergence (Optional)**: If enabled, it highlights mismatches between price highs/lows and RSI, which can predict reversals (e.g., bullish divergence: price lower low, RSI higher low).
Overall, it's ideal for traders who rely on oscillators but want more visual structure, like trendline traders applying price concepts to RSI.
Advantages and Disadvantages
**Advantages**:
- **Visual Clarity**: Trendlines make RSI easier to interpret than raw numbers, helping spot support/resistance in momentum without manual drawing.
- **Multi-Period Flexibility**: Multiple periods allow analyzing short- and long-term momentum simultaneously, reducing noise from single-period RSI.
- **Breakout Signals**: Automated detection of breakouts provides timely alerts, with labels and projections for proactive trading. This can improve entry timing in volatile markets.
- **Customization**: Extensive inputs (periods, colors, breakouts) make it adaptable to different assets/timeframes. The stateful management of lines/labels prevents chart clutter.
- **Complementary to Price Action**: Enhances standard RSI by adding trend context, useful for confirming divergences or overbought/oversold trades.
- **Efficiency**: Uses efficient arrays and line management, supporting up to 500 lines for long charts without lagging TradingView.
**Disadvantages**:
- **Lagging Nature**: Based on historical pivots, signals may lag in fast-moving markets, leading to late entries. Shorter periods help but increase whipsaws.
- **False Signals**: In ranging or sideways markets, RSI trendlines can produce frequent false breakouts. It performs better in trending conditions but may underperform without filters.
- **Over-Reliance on RSI**: Ignores volume, fundamentals, or price structure—breakouts might not translate to price moves if momentum decouples from price.
- **Complexity for Beginners**: Multiple periods and settings can overwhelm new users; misconfiguration (e.g., too many periods) leads to noisy charts.
- **No Built-in Risk Management**: Signals lack stop-loss/take-profit logic; users must add these manually.
- **Divergence Limitations**: The basic (commented) divergence detection is simplistic and may miss hidden divergences or require tuning.
In summary, it's powerful for momentum traders but should be used with confirmation tools to mitigate false positives.
Example Strategies
Here are one LONG (buy) and one SHORT (sell) strategy example using the indicator. These are basic; always backtest and use risk management (e.g., 1-2% risk per trade, stop-loss at recent lows/highs).
**LONG Strategy Example: Oversold RSI Support Breakout**
- **Setup**: Use on a daily chart for stocks or crypto. Enable Periods 3 and 5 (short- and medium-term). Set oversold level to 30.
- **Entry**: Wait for RSI to be in oversold (<30). Look for a "B" breakout label (e.g., "B3" or "B5") when RSI crosses above a red resistance trendline projection. Confirm with price forming a higher low or candlestick reversal (e.g., hammer).
- **Stop-Loss**: Place below the recent price low or the RSI support level equivalent in price terms (e.g., 5-10% below entry).
- **Take-Profit**: Target RSI reaching overbought (70) or a 2:1 risk-reward ratio. Exit on a bearish RSI crossunder midline (50).
- **Example Scenario**: In a downtrending stock, RSI hits 25 and forms a support trendline. On a "B5" breakout, enter long. This captures momentum reversals after overselling.
- **Rationale**: Breakout above RSI resistance in oversold signals fading selling pressure, potential for price uptrend.
**SHORT Strategy Example: Overbought RSI Resistance Breakout**
- **Setup**: Use on a 4H chart for forex pairs. Enable Periods 10 and 20. Set overbought level to 70.
- **Entry**: Wait for RSI in overbought (>70). Enter on an "S" breakout label (e.g., "S3" or "S4") when RSI crosses below a green support trendline projection. Confirm with price showing a lower high or bearish candlestick (e.g., shooting star).
- **Stop-Loss**: Above the recent price high or RSI resistance level (e.g., 5-10% above entry).
- **Take-Profit**: Target RSI hitting oversold (30) or a 2:1 risk-reward. Exit on bullish RSI crossover midline (50).
- **Example Scenario**: In an uptrending pair, RSI peaks at 75 with a resistance trendline. On "S4" breakout, enter short. This targets momentum exhaustion after overbuying.
- **Rationale**: Break below RSI support in overbought indicates weakening buying momentum, likely price downturn.
Enhancing Strategy Validity with Other Indicators
To increase the reliability of strategies based on this indicator, combine it with complementary tools for confirmation, filtering false signals, and adding context. This creates multi-indicator strategies that reduce whipsaws and improve win rates. Focus on indicators that address RSI's weaknesses (e.g., lagging, momentum-only). Below are examples of different indicators, how to integrate them, and sample strategies.
1. **Moving Averages (e.g., SMA/EMA)**:
- **How to Use**: Overlay 50/200-period EMAs on the price chart. Use RSI breakouts only in the direction of the trend (e.g., long only if price > 200 EMA).
- **Strategy Example**: Trend-Following Long – Enter on "B" RSI breakout if price is above 200 EMA and RSI > 50. This filters reversals in uptrends. Add MACD crossover for entry timing. Advantage: Aligns momentum with price trend, reducing counter-trend trades.
2. **Volume Indicators (e.g., Volume Oscillator or OBV)**:
- **How to Use**: Require increasing volume on RSI breakouts (e.g., OBV making higher highs on bullish breakouts).
- **Strategy Example**: Volume-Confirmed Short – On "S" breakout, check if volume is rising and OBV breaks its own trendline downward. Enter short only if confirmed. This validates breakouts with real market participation, avoiding low-volume traps.
3. **Other Oscillators (e.g., MACD or Stochastic)**:
- **How to Use**: Use for divergence confirmation or overbought/oversold alignment. For instance, require Stochastic (14,3,3) to also breakout from its levels.
- **Strategy Example**: Dual-Oscillator Reversal Long – Enable divergence in the indicator. Enter on bullish RSI divergence + "B" breakout if MACD histogram flips positive. Exit on MACD bearish crossover. This strengthens reversal signals by cross-verifying momentum.
4. **Price Action Tools (e.g., Support/Resistance or Candlestick Patterns)**:
- **How to Use**: Map RSI trendlines to price levels (e.g., if RSI resistance breaks, check if price breaks a key resistance).
- **Strategy Example**: Price-Aligned Breakout Short – On "S" RSI breakout in overbought, confirm with price breaking below a drawn support line or forming a bearish engulfing candle. Use Fibonacci retracements for targets. This ensures momentum translates to price movement.
5. **Volatility Indicators (e.g., Bollinger Bands or ATR)**:
- **How to Use**: Avoid trades during low volatility (e.g., Bollinger Band squeeze) to filter ranging markets. Use ATR for dynamic stops.
- **Strategy Example**: Volatility-Filtered Long – Enter "B" breakout only if Bollinger Bands are expanding (increasing volatility) and RSI is oversold. Set stop-loss at 1.5x ATR below entry. This targets high-momentum breakouts while skipping choppy periods.
**General Tips for Building Enhanced Strategies**:
- **Layering**: Start with RSI breakout as the primary signal, add 1-2 confirmations (e.g., EMA trend + volume).
- **Backtesting**: Use TradingView's strategy tester to quantify win rates with/without additions.
- **Risk Filters**: Incorporate overall market sentiment (e.g., via VIX) or avoid trading near news events.
- **Timeframe Alignment**: Use higher timeframes for trend (e.g., daily EMA) and lower for entries (e.g., 1H RSI breakout).
- **Avoid Overloading**: Too many indicators cause paralysis; aim for synergy (e.g., trend + momentum + volume).
This indicator is a versatile tool, but success depends on context and discipline. If you need code modifications or specific backtests, provide more details!
Dynamic Trendline Break - Strategy [presentTrading]- Introduction and How It Is Different
The Dynamic Trendline Break Strategy is a unique trading algorithm that leverages the power of trendlines and swing detection to identify potential trading opportunities.
Unlike traditional trendline strategies that rely on static trendlines, this strategy dynamically calculates trendlines based on pivot highs and lows.
This dynamic approach allows the strategy to adapt to changing market conditions (especially 24hr markets like Crypto) and potentially identify trading opportunities that static trendlines might miss.
BTCUSD 6hr chart
Tencent 700.HK 1D chart
- Strategy, How It Works
The strategy works by first identifying pivot highs and lows using a lookback period defined by the user. These pivot points are then used to calculate the slope of the trendlines. The slope calculation method can be chosen from three options: Average True Range (ATR), Standard Deviation (Stdev), or Linear Regression (Linreg), providing flexibility to the trader.
Once the trendlines are calculated, the strategy identifies potential trading opportunities when the price crosses over the upper trendline (for long trades) or crosses under the lower trendline (for short trades). The strategy also allows the user to define the trade direction (Long, Short, or Both) and the stop loss method (Fixed or SuperTrend).
- Trade Direction
The trade direction parameter allows the user to define the direction of the trades that the strategy will take. If set to "Long", the strategy will only take long trades when the price crosses over the upper trendline. If set to "Short", the strategy will only take short trades when the price crosses under the lower trendline. If set to "Both", the strategy will take both long and short trades.
- Usage
To use this strategy, simply input your desired parameters for the swing detection lookback, slope, slope calculation method, trade direction, stop loss method, and stop loss level. Once these parameters are set, the strategy will automatically calculate the trendlines and identify potential trading opportunities based on the defined parameters.
- Default Settings
The default settings for the strategy are as follows:
Swing Detection Lookback: 30
Slope: 0.618
Slope Calculation Method: ATR
Trade Direction: Both
Stop Loss Method: SuperTrend
Stop Loss Level: 15%
SuperTrend Factor: 3
SuperTrend Lookback: 21
These settings can be adjusted to suit your trading style and risk tolerance. Always remember to backtest any changes to the settings before live trading.
Simple Trendlines📈 Trendlines, made easy.
Simple Trendlines is a carefully made library that provides an easy and accessible way to draw trendlines on the chart.
Containing only 10 properties and 2 methods, the implementation is designed to be understandable through an object-oriented structure and provides developers the opportunity to expand without having to deal with slope calculation while also ensuring that there's no leakage between the trendlines before they're drawn.
Developers only need to provide 5 expressions to get everything up in running. This includes the following but is not limited to
The x-axis
Point A (Y1 Value)
Point B (Y2 Value)
A condition to draw the line
A condition to keep the trendline under continuation
Automatic x-axis calculation is not a built-in feature due to the inconsistency it could bring.
📕 Quick Example
import HoanGhetti/SimpleTrendlines/1 as tl
input_len = input.int(defval = 10)
pivotLow = fixnan(ta.pivotlow(input_len, input_len))
xAxis = ta.valuewhen(ta.change(pivotLow), bar_index, 0) - ta.valuewhen(ta.change(pivotLow), bar_index, 1)
prevPivot = ta.valuewhen(ta.change(pivotLow), pivotLow, 1)
pivotCondition = ta.change(pivotLow) and pivotLow > prevPivot
plData = tl.new(x_axis = xAxis, offset = input_len)
plData.drawLine(pivotCondition, prevPivot, pivotLow)
plData.drawTrendline(close > 0)
plData.lines.trendline.set_style(line.style_dashed)
plData.lines.trendline.set_width(2)
plData.lines.startline.set_width(2)
Excluding the styling at the bottom, that was only 8 lines of code which yields the following result.
⏳ Before continuing
The library does not support block-scoped execution. Conditions must be declared before and integrated as a parameter. This doesn't limit any capabilities and only involves thinking logically about precedence. It was made this way for code readability and to keep things organized.
The offset value inside the TrendlineSettings object can potentially affect performance (although very minimal) if you're using strict mode. When using strict mode, it loops through historical values to then do backend calculations.
🔽 Getting Started 🔽
Creating trendlines without a library isn't a hard task. However, the library features a built-in system called strict mode. We'll dive further into this below.
Creating an Instance
You can create an instance of the library by calling the new() function. Passing an identifier is conventionally mandatory in this case so you can reference properties and methods.
import HoanGhetti/SimpleTrendlines/2 as tl
lineData = tl.new(int x_axis, int offset, bool strictMode, int strictType)
___
int x_axis (Required) The distance between point A and point B provided by the user.
int offset (Optional) The offset from x2 and the current bar_index. Used in situations where conditions execute ahead of where the x2 location is such as pivót events.
bool strictMode (Optional) Strict mode works in the backend of things to ensure that the price hasn't closed below the trendline before the trendline is drawn.
int strictType (Optional) Only accepts 0 and 1, 0 ensures that the price during slope calculation is above the line, and 1 ensures that the price during slope calculation is below the line.
The Initial Line
After instantiating the library, we can go ahead use the identifer we made above and create an instance of our initial line by calling the drawLine() method.
lineData.drawLine(bool condition, float y1, float y2, float src)
___
bool condition (Required) The condition in order to draw a new line.
float y1 (Required) The y-value of point A.
float y2 (Required) The y-value of point B.
float src (Optional) Determines which value strict mode will actively check for leakage before a trendline is drawn.
Typically used if you're not referencing OHLC values for your y-values, or you want to check for another value to exceed the line besides using the close value.
The Trendline
The trendline that gets drawn solely uses the values of the initial line and can be called using the drawTrendline() method. The library enforces a condition as a parameter in order to maintain simplicity.
lineData.drawTrendline(bool condition)
___
bool condition (Required) The condition in order to maintain and continue drawing the trendline.
⚙️ Features
🔹 Automatic Slope Calculation
In the background, the library calculates the next Y2 and X2 values on every tick for the trendline. Preventing the developer from having to do such a process themself.
🔹 Object-Oriented
Each object contains manipulative properties that allow the developer to debug and have the freedom they want.
🔹 Enforced Error Checking
Runtime errors have been put in place to ensure you're doing things correctly.
🔹 Strict Mode & Offset
Strict mode can only be used when the offset value is over 0. It's a feature that's only meant to function under scenarios where a condition executes further than where the X2 is relative to the current bar_index value.
Let's think about pivot systems. As you're aware, pivot events are detected based on historical factors. If a swing low occurred nth bars ago, then the pivot condition will execute at the current bar_index instead of executing nth bars back.
Now because of this, what if you wanted to draw a trendline when the pivot event is executed? The offset value takes care of this just as you would when developing your other scripts, basically how we always do bar_index - n. However, what does this mean for strict mode?
The photo below represents the logic behind the execution.
When looking at this image, imagine this just happened, the event just executed and the trendline is now drawn. Pay attention to all the values inside the surrounding box. As you can see there are some candles that closed below the trendline before the trendline was drawn.
From what I can see 5-6 candles closed below the trendline during slope calculation. The goal of strict mode is to be a provisional system that prevents such occurrences from happening.
Here's a photo with strict mode on.
🔹 Strict Type
A parameter used in the new() function that acts as a representation of what strict mode should calculate for. It accepts only two values, 0 and 1.
0 - Ensures that all candles have closed above the trendline before the trendline is drawn.
1 - Ensures that all candles have closed below the trendline before the trendline is drawn.
In the most recent photo above, I used 0 for strict type, since I was wanting to have a clean trendline and ensure that not a single candlestick closed below.
If you want to reference something else besides the close value during strict mode calculation, you can change it in the drawLine() method.
If it's still difficult to understand, think 0 for pivot lows, and 1 for pivot highs.
📕 Methods and Property Inheritance
The library isn't crazy, but hopefully, it helps.
That is all.👍
(1-20)Dashboard trendlines PriceThis is a script about 20 trading pairs with trendline.
-on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline
-so when the statistics on the table also show the column of the uptrend and the column of the downtrend
-When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue (downtrend), red (uptrend)
-the column above T.line(below T.line) is the value of the current trendline compared to the closing price of the candle
-The Break up (Break down) column when the price breaks will show the green heart (break up), the red heart break (break down) and the percentage value when breaking through the point of the trendline.
-price column is the current price of the candle
-especially when a candle has closed above the trendline (assuming an uptrend), then from the 2nd tree to the current , it will count according to memory so that traders know when the price broke, and how many candles already.
-The breakdown parameter is displayed (for example, 3|8|10), which means that the price has broken through 10 candles, of which 8 trees are closing above the breakout point, and the last 3 are closing above. break point
-In addition, when displaying 3 parameters as above, the next column (above/below T.line) will display the percentage from when the price breaks that point to the current price of the candle.
-you can change the time in Resolution indicator settings to show multiple time arcs
Thank you everyone for your interest and trust
- 5 pairs are free for traders :https://vn.tradingview.com/script/KGSjrLC3/
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Vietnamese
Đây là script về bảng thống kê 20 cặp giao dịch với đường trendline .
-trên mỗi biểu đồ của cặp giao dịch chỉ tồn tại duy nhất 1 cặp trendline là: 1trendline tăng và 1 trendline giảm
-vì vậy khi thống kê trên bảng cũng hiển thị cột của trend tăng và cột của trend giảm
-khi giá tiến gần đến 1 đường trendline bất kì mà tỉ lệ còn 1% thì đường trendline đó tô màu xanh(trend giảm) ,màu đỏ(trend tăng)
-cột above T.line(below T.line) là giá trị của đường trendline hiện tại so với giá đóng cửa của nến
-cột Break up(Break down) khi giá phá vỡ sẽ thể thiện trái tim xanh(phá vỡ lên),trái tim đỏ vỡ(phá vỡ xuống) và giá trị phần trăm khi phá qua điểm của trendline.
-cột giá là giá hiện tại của nến
-đặc biệt khi 1 cây nến đã đóng cửa trên đường trendline(giả sử trend tăng) thì từ cây thứ 2 đến hiện tại nó sẽ đếm theo bộ nhớ để các trader biết được giá đã phá khi nào,và qua bao nhiêu nến rồi.
-thông số khi phá vỡ hiển thị (ví dụ là 3|8|10) thì hiểu là giá đã phá vỡ qua 10 nến, trong đó có 8 cây đóng cửa trên điểm phá vỡ,và 3 cây gần nhất đang đóng cửa trên điểm phá vỡ
-ngoài ra khi hiện 3 thông số như trên thì cột bên cạnh (above/below T.line) sẽ hiển thị được số phần trăm tính từ khi giá phá vỡ điểm đó đến giá hiện tại của cây nến.
-các bạn có thể thay đổi thời gian trong cài đặt chỉ báo Resolution để hiển thị nhiều cung thời gian
Cảm ơn mọi người đã quan tâm và tin dùng
All Possible Trendlines W/AlertsCore Functionality:
Trendline Detection: The system uses a proprietary algorithm that goes beyond traditional pivot point connection methods. It analyzes price action patterns and market structure to identify potential trendlines that many traders might overlook. This includes not just obvious trendlines, but also subtle ones that could become significant in the future.
Significance Evaluation: Unlike conventional indicators that treat all trendlines equally, the system employs a unique scoring system to evaluate each trendline's importance. This system considers factors such as the number of touch points, the length of the trendline, and its historical reliability in predicting price movements. This allows traders to focus on the most relevant trendlines.
Dynamic Updating: The AITI continuously reassesses and adjusts trendlines as new price data becomes available. This dynamic approach ensures that the indicator adapts to changing market conditions, providing up-to-date and relevant information.
What Makes It Original:
The AITI's originality lies in its holistic approach to trendline analysis. While most indicators focus on identifying a few key trendlines, this system aims to present a complete picture of all possible trendlines in the market. This comprehensive view allows traders to:
- Gain deeper insights into market structure and potential price movements.
- Identify less obvious but potentially significant trendlines that other traders might miss.
- Understand the relative importance of different trendlines, rather than treating all trendlines as equally significant.
The indicator's ability to dynamically update and re-evaluate trendlines in real-time sets it apart from static trendline tools. This ensures that traders always have the most current and relevant information at their disposal.
By providing a more nuanced and complete view of trendlines, the AITI enables traders to make more informed decisions based on a deeper understanding of market structure. This approach to trendline analysis is not readily available in open-source alternatives, making the AITI a valuable tool for traders seeking a more comprehensive technical analysis solution.
Dashboard trendlines Price(ichimoku14642)Happy new year 2023
Dedicated to traders, the trendline indicator of 5 trading pairs is automatically listed in this table. Wish success
-on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline
-so when the statistics on the table also show the column of the uptrend and the column of the downtrend
-When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue (downtrend), red (uptrend)
-the column above T.line(below T.line) is the value of the current trendline compared to the closing price of the candle
-The Break up (Break down) column when the price breaks will show the green heart (break up), the red heart break (break down) and the percentage value when breaking through the point of the trendline.
-price column is the current price of the candle
-SYMBOL is all taken from Binance in the perpetual contract
-especially when a candle has closed above the trendline (assuming an uptrend), then from the 2nd tree to the current , it will count according to memory so that traders know when the price broke, and how many candles already.
-The breakdown parameter is displayed (for example, 3|8|10), which means that the price has broken through 10 candles, of which 8 trees are closing above the breakout point, and the last 3 are closing above. break point
-In addition, when displaying 3 parameters as above, the next column (above/below T.line) will display the percentage from when the price breaks that point to the current price of the candle.
Thank you everyone for your interest and trust
Đây là script về bảng thống kê đường trendline .
-trên mỗi biểu đồ của cặp giao dịch chỉ tồn tại duy nhất 1 cặp trendline là: 1trendline tăng và 1 trendline giảm
-vì vậy khi thống kê trên bảng cũng hiển thị cột của trend tăng và cột của trend giảm
-khi giá tiến gần đến 1 đường trendline bất kì mà tỉ lệ còn 1% thì đường trendline đó tô màu xanh(trend giảm) ,màu đỏ(trend tăng)
-cột above T.line(below T.line) là giá trị của đường trendline hiện tại so với giá đóng cửa của nến
-cột Break up(Break down) khi giá phá vỡ sẽ thể thiện trái tim xanh(phá vỡ lên),trái tim đỏ vỡ(phá vỡ xuống) và giá trị phần trăm khi phá qua điểm của trendline.
-cột giá là giá hiện tại của nến
-SYMBOL là toàn bộ lấy của sàn Binance trong hợp đồng vĩnh cửu
-đặc biệt khi 1 cây nến đã đóng cửa trên đường trendline(giả sử trend tăng) thì từ cây thứ 2 đến hiện tại nó sẽ đếm theo bộ nhớ để các trader biết được giá đã phá khi nào,và qua bao nhiêu nến rồi.
-thông số khi phá vỡ hiển thị (ví dụ là 3|8|10) thì hiểu là giá đã phá vỡ qua 10 nến, trong đó có 8 cây đóng cửa trên điểm phá vỡ,và 3 cây gần nhất đang đóng cửa trên điểm phá vỡ
-ngoài ra khi hiện 3 thông số như trên thì cột bên cạnh (above/below T.line) sẽ hiển thị được số phần trăm tính từ khi giá phá vỡ điểm đó đến giá hiện tại của cây nến.
Cảm ơn mọi người đã quan tâm và tin dùng
MTF Fusion - S/R Trendlines [TradingIndicators]MTF Fusion S/R Trendlines intelligently adapt to whatever timeframe you're trading - dynamically calculating support and resistance trendline levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions.
These trendlines are not programmed to repaint - so you can use them in real-time just as they appeared historically.
What is MTF Fusion?
Multi-Timeframe (MTF) Fusion is the process of combining calculations from multiple timeframes higher than the chart's into one 'fused' value or indicator. It is based on the idea that integrating data from higher timeframes can help us to better identify short-term trading opportunities within the context of long-term market trends.
How does it work?
Let's use the context of this indicator, which calculates S/R Trendlines, as an example to explain how MTF Fusion works and how you can perform it yourself.
Step 1: Selecting Higher Timeframes
The first step is to determine the appropriate higher timeframes to use for the fusion calculation. These timeframes should typically be chosen based on their ability to provide meaningful price levels and action which actively affect the price action of the smaller timeframe you're focused on. For example, if you are trading the 5 minute chart, you might select the 15 minute, 30 minute, and hourly timeframe as the higher timeframes you want to fuse in order to give you a more holistic view of the trends and action affecting you on the 5 minute. In this indicator, four higher timeframes are automatically selected depending on the timeframe of the chart it is applied to.
Step 2: Gathering Data and Calculations
Once the higher timeframes are identified, the next step is to calculate the data from these higher timeframes that will be used to calculate your fused values. In this indicator, for example, the values of support and resistance trendlines are calculated for all four higher timeframes.
Step 3: Fusing the Values From Higher Timeframes
The next step is to actually combine the values from these higher timeframes to obtain your 'fused' indicator values. The simplest approach to this is to simply average them. If you have calculated the value of a support trendline from three higher timeframes, you can, for example, calculate your 'multi-timeframe fused trendline' as (HigherTF_Support_Trendline_1 + HigherTF_Support_Trendline_2 + HigherTF_Support_Trendline_3) / 3.0.
Step 4: Visualization and Interpretation
Once the calculations are complete, the resulting fused indicator values are plotted on the chart. These values reflect the fusion of data from the multiple higher timeframes, giving a broader perspective on the market's behavior and potentially valuable insights without the need to manually consider values from each higher timeframe yourself.
What makes this script unique? Why is it closed source?
While the process described above is fairly unique and sounds simple, the truly important key lies in determining which higher timeframes to fuse together, and how to weight their values when calculating the fused end result in such a way that best leverages their relationship for useful TA.
This MTF Fusion indicator employs a smart, adaptive algorithm which automatically selects appropriate higher timeframes to use in fusion calculations depending on the timeframe of the chart it is applied to. It also uses a dynamic algorithm to adjust and weight the lookbacks used for trendline calculations depending on each higher timeframe's relationship to the chart timeframe. These algorithms are based on extensive testing and are the reason behind this script's closed source status.
Included Features
Fusion Support and Resistance Trendlines
Dynamic Multi-Timeframe Trendlines
Breakaway Zone fills to highlight breakouts and breakdowns from the Fusion trendlines
Customizable lookback approach
Pre-built color stylings
Options
Fusion View: Show/hide the Fusion trendlines calculated from multiple higher timeframes
MTF View: Show/hide the trendlines from multiple higher timeframes used to calculate the Fusion trendlines
Breakaway Zones: Show/hide the fill for zones where price breaks away from the Fusion trendlines
Lookback: Select how you want your trendlines to be calculated (longer = long-term trendlines, shorter = short-term trendlines)
Pre-Built Color Styles: Use a pre-built color styling (uncheck to use your own colors)
Manual Color Styles: When pre-built color styles are disabled, use these color inputs to define your own
Scaling_mastery:Free TrendlinesScaling_mastery Trendlines is a clean, trading-ready smart trendline tool built for the Scaling_mastery community.
It automatically finds swing highs/lows and draws dynamic trendlines or channels that stay locked to price, on any symbol and any timeframe.
🔧 Modes
Trendline type
Wicks – classic trendlines anchored on candle wicks (high/low).
Bodies – trendlines anchored on candle bodies (open/close), great for closing structure.
Channel – 3-line channel:
outer lines form a band around price
middle line runs through the centre of the channel
thickness is adjustable (Small / Medium / Large).
Trend strength
Controls how strong the pivots must be to form a line.
Weak → more lines, reacts faster.
Medium → balanced, good for most pairs.
Strong → only the cleanest swings, higher-probability trendlines.
🎨 Visual controls
Max support / resistance lines – cap how many lines are kept on chart.
Show broken lines – hide broken trendlines or keep them for structure history.
Extend lines – None / Right / Both.
Support / Resistance colors – separate colors for active vs broken.
Channel thickness – Small / Medium / Large (0.5% / 1% / 2% of price).
Channel outer lines – color for channel edges.
Channel middle line – color + style (dotted / dashed / solid).
Broken lines are automatically faded + dotted, so you can instantly see what’s still respected and what’s already been taken out.
🧠 How to use
Add the indicator to any chart.
Start with:
Trendline type: Wicks
Trend strength: Strong
Max lines: 1–2 for both support & resistance
Once you like the behavior, experiment with:
Switching between Wicks / Bodies / Channel
Adjusting Channel thickness and Trend strength
Use the lines as a visual confluence tool with your own strategy:
HTF trend direction
LTF entries / retests
Liquidity grabs around broken lines
This script doesn’t generate entries or risk management – it’s designed to give you clean, reliable structure so you can execute your own edge.
⚠️ Disclaimer
This tool is for educational and visual purposes only and is not financial advice.
Always do your own research and manage risk.
Smart Breakout Detector: Trendline Retest & Angle FilteringDetect trendline breakouts with two important filtering controls: retest validation and angle filtering. Require multiple price retests (2-4 touches) before a trendline is considered valid, eliminating weak single-touch lines. Set precise angle limits to filter out unreliable steep or shallow trendlines. Three independent timeframe sets (fast/medium/slow) with customizable pivot lengths allow you to get low risk entry point for both short-term and major trend continuations/reversals.
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CORE METHODOLOGY
═══════════════════════════════════════════
This indicator identifies trendline breakouts using two configurable filtering parameters that are uncommon in publicly available indicators:
1. RETEST VALIDATION
Requires a specified number of price touches (2-4) before considering a trendline valid. This reduces false signals from randomly aligned single-touch lines. Higher thresholds decrease signal frequency while increasing reliability.
2. ANGLE FILTERING
Applies maximum angle constraints (0-20) to trendlines independently for resistance and support, both upward and downward slopes. This filters trendlines with extreme angles that typically lack predictive value.
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TECHNICAL IMPLEMENTATION
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DETECTION ALGORITHM:
1. Identifies pivot highs/lows using configurable lookback periods
2. Connects pivots within ATR-based proximity threshold
3. Validates trendlines only after minimum retest requirement is met
4. Applies angle constraints using arctangent calculations
5. Verifies no price penetration occurred between pivot points
6. Triggers breakout signals when price breaches validated lines
THREE INDEPENDENT TREND LINE BANKS:
The indicator operates three parallel detection systems with separate parameters:
- Level Set A: Short pivot periods (default 5 bars)
- Level Set B: Medium pivot periods (default 10 bars)
- Level Set C: Long pivot periods (default 6 bars)
Each system maintains independent arrays of resistance and support lines.
ADAPTIVE COMPONENTS:
- Proximity tolerance scales with ATR(40) to accommodate volatility
- Angle thresholds adjust using combined absolute and percentage ATR factors
- Line lifespan configurable by bar count (default 180/200/300 bars per set)
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USE CASES
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Appropriate for:
- Filtering breakout candidates by reliability metrics
- Multi-timeframe trendline analysis
- Automated breakout monitoring
- Reducing chart noise from weak trendlines
Not appropriate for:
- Range-bound or highly choppy markets
- Instruments with insufficient historical data
- Strategies requiring predictive (non-historical) trendlines
TRAPPER TRENDLINES — PRICEDraws dynamic trendlines on price by connecting the two most recent confirmed swing points (highs to highs for resistance, lows to lows for support). Swings are defined with a symmetric left/right pivot window. Old anchors are ignored so lines stay attached to current structure. Optional break alerts are included.
How it works (plain language)
Pivots: A bar is a swing high (or low) only if it’s the most extreme point compared with a set number of bars on the left and the right.
Lines:
Support connects the last two confirmed swing lows.
Resistance connects the last two confirmed swing highs.
Lines can be extended right only or both left & right (toggle).
Recency filter: Only swings within the last N bars are kept. This avoids anchoring to very old pivots far from current price.
Alerts: Optional alerts fire when price closes above resistance or below support.
Inputs
Auto Settings
Auto pivot size by chart timeframe: When ON, the script picks a pivot size suitable for the current timeframe (you can scale it with Auto pivot multiplier). When OFF, the manual left/right inputs are used.
Auto pivot multiplier: Scales the auto pivot size (e.g., 1.5 makes pivots stricter).
Manual Pivots
Pivot Left / Pivot Right: Bars to the left/right required to confirm a swing. Example: Left=50 & Right=50 keeps only major swings.
Recency Filter
Use last N bars for pivots: Swings older than this window are discarded so trendlines stay relevant to current price.
Style
Support/Resistance color: Line colors.
Extend Left & Right: When ON, both endpoints extend; when OFF, lines extend to the right only.
Alerts
Enable Break Alerts: When ON, alert conditions are exposed:
Price: Break Up — close above resistance.
Price: Break Down — close below support.
Suggested settings
Higher timeframes (4H / 1D / 1W):
Manual: Pivot Left = 50, Pivot Right = 50, Use last N bars = 400–800.
Or enable Auto with Auto pivot multiplier = 1.0–1.5.
Intraday (15m / 30m / 1H):
Manual: Pivot Left = 30, Pivot Right = 30, Use last N bars = 300–500.
Or enable Auto with multiplier ≈ 1.0–1.2.
Pairing with RSI for confluence/divergence
This tool is designed to pair with a companion TRAPPER TRENDLINES — RSI (or any RSI trendline script):
To mirror swings, set RSI Pivot Lookback equal to the price Pivot Left/Right you use here.
Example: Price = 50/50 → RSI Pivot Lookback = 50.
Keep RSI at Length 14 with 70/30 channel for clarity.
Confluence: Price holds/rejects at a trendline while RSI trendline agrees.
Divergence: Price prints a higher high (resistance line rising) while RSI prints a lower high (RSI resistance line falling), or vice-versa for lows. Matching pivot windows makes these relationships clear and reduces false signals.
Reading the signals
Trendline touch/hold: Potential reaction area; wait for follow-through.
Break Up / Break Down (alerts): Close beyond the line. Consider retest behavior, higher-timeframe context, and volume/RSI confirmation.
Notes & limitations
Pivots require future bars to confirm (by design). Lines update as pivots confirm.
“Use last N bars” purposely ignores very old swings. Increase this value if you need legacy structure.
Lines are based on two most recent confirmed pivots per side; rapidly changing markets can replace anchors as new swings confirm.
This is a visual/analytical tool. No strategy entries/exits or performance claims are provided.
Compliance
This script is for educational purposes only and does not constitute financial advice. Trading involves risk. Past results do not guarantee future outcomes. No promises of profit, accuracy, or performance are made.
Alerts (titles/messages)
Price: Break Up — “Price broke above resistance trendline.”
Price: Break Down — “Price broke below support trendline.”
Quick start
Add the indicator to your chart.
Choose Auto or set Pivot Left/Right manually.
Set Use last N bars for how far back to consider swings.
Toggle Extend Left & Right to your preference.
(Optional) Add your RSI trendline indicator and match Pivot Lookback with your price pivot size for clean confluence/divergence.
Enable alerts if you want notifications on breaks.
Bounce Manager 20 TrendlinesThe trendline script is made for manual input of trendlines using point clicks on the chart. The script will then see if price respects these lines by the parameters you input in settings panel. On a respectable bounce it will print buy/sell arrows. The script also has functionality to send alerts, this is helpful if you want to automate trendlines. I created this script and many others under the bounce manager toolkit to expand on the signalling capabilities of popular drawing tools as I find using just a crossover to be lacking especialy for full automation.
components:
- Line respect: When price moves past this the script will no longer look for entry until a new trend has been established. The line can also be used as a stop loss.
- Confirmation: When price touches the line during a trend it
will wait to cross over this line to confirm a reaction from the line.
- Consolidation filter: A trend filtering system, this is a distance from
the line price has to break to confirm trend direction.
- Stop loss: This can be set to a percentage distance from the low after
bounce. Or it can be set to the line respect line
- Take profit: This can be a fixed take profit target or a risk to reward
based take profit. With risk to reward it will multiply the stop loss
distance by the input and use that to create target (green cross)
- ATR based or % based: there are 2 versions of the script, one for strict
percentage based logic and another one based on ATR values
If you are having problems figuring out which settings to use I recommend you check the Bounce Manager ATR script for reference as this script plots the components:
Zignaly automation settings:
zignaly integration, you can use the settings panel to decide your risk management. Option to use a fixed take profit % or an automatic risk to reward calculation based on the stop loss. Stop loss can get calculated using the max violation setting as a stop loss (this will put stop loss below line respect level) or when not checked it will use 0.01% below the low of the signal candle as stop loss. Just add your zignaly private key in the settings and use any alert function call as alert. Make sure to use zignaly.com as your webhook url.
The trendlines you see in preview are based on a long term pitchfork on BTCUSDT 10H chart
If 20 trendlines are too much I will be releasing a 5 line input version, this script is more to be used to automate pitchforks, gann boxes etc.
Part of the Honest Algo indicator suite
[UPRIGHT Trading] Auto-Trendlines Pro (cc)Hello Traders -
Today I am releasing a full-featured auto-trendline indicator.
This makes it easier for beginners and professionals alike to analyze a charts trending support and resistance.
What are Trendlines and why do we use them?
In short, a trendline is a diagonal line that connects to two or more price points on a chart to show the current direction of price. These are used to identify and confirm trend direction in technical analysis and show support and resistance points.
Utilizing pivot points and different calculations for sources we're able to create the trendlines; with adjustable slopes (or just use of proprietary calculations) we are able to make these lines to line up with the current trend.
How it's different:
Accurate auto-drawn calculated trendlines.
Fully customizable - the ability to adjust the trendlines easily to exact specifications with every type of trader in mind.
Can be used to spot long trend as well as short, by adjusting length or using extend both to see previous pivots it's touched.
Then retracted, for perfect long trend.
Can show old trendlines for analysis (click image to see).
Auto-labels Higher-Highs, Higher-Lows, Lower-Highs, Lower-Lows at pivots.
Lining up trendlines with Break signals can help provide more accurate trendlines (potentially teaching) beginners how to draw them better.
Signature double trendline set.
Also notice the additional sell/buy signals (shown above).
Squeeze / Low-float mode adjusts to fit big moves.
Adjust the opacity to hide or fade a line (as seen above).
Pre-filled alerts for breakouts / breakdowns.
Please see author instructions for access.
Cheers,
Mike
(UPRIGHT Trading)
Auto Trendlines [AlgoXcalibur]Effortlessly visualize trendlines.
This algorithm does more than just draw lines connecting structural swing points — it reveals dynamic support & resistance breakouts with clarity and precision while significantly reducing your workload compared to the hassle of manually drawing trendlines.
🧠 Algorithm Logic
This advanced Auto Trendlines indicator delivers clear market structure through an intelligent multi-fractal design, revealing useful swing structures in real time. For those seeking maximum awareness, the optional Micro Trendlines (Dotted) constantly monitors even the most recent and minor structural shifts — keeping you fully in tune with evolving market dynamics. A Break Detection Engine constantly monitors each trendline and provides instant visual feedback when structural integrity is lost: broken lines turn gray, stop extending, and remain visible to enhance clarity and situational awareness. The algorithm is carefully refined to prevent chart distortion commonly caused by forcing entire trendline structures into view — preserving a natural and accurate charting experience. To further ensure optimal readability, an integrated Clutter Control mechanism limits the number of visible trendlines — focusing attention only on the most relevant structures.
⚙️ User-Selectable Features
• Micro Trendlines (Dotted): Ultra-responsive short-term trendlines that react to even the smallest structural shifts — ideal for staying ahead of early trend changes.
• Broken Trendline Declutter: Enable to display only the most recent broken trendlines to simplify chart visuals and maintain clarity, or disable to analyze previous price action.
💡 Modern Innovation
Auto Trendline indicators are often inaccurate, clumsy, and rely on slow methods that fail to adapt. AlgoXcalibur’s Auto Trendline indicator takes a modern, refined approach — combining smart pivot logic for both speed and stability, dynamic break detection with clear visual cues, and displaying only the most relevant trendlines while prioritizing accuracy, preventing distortion, and reducing clutter — automatically.
🔐 To get access or learn more, visit the Author’s Instructions section.
Stochastic Trendlines with Breakouts [Jamshid] - EnhancedStochastic Trendlines with Breakouts - Enhanced Version
This advanced Stochastic Trendlines with Breakouts script combines several powerful features to provide enhanced breakout detection based on the Stochastic Oscillator and additional confirmation signals. This script is designed to help traders identify key trend reversals, breakout points, and pivot levels with more accuracy by integrating advanced filters such as RSI confirmation, moving average trend filtering, volatility filtering, divergence detection, and multi-timeframe analysis.
Key Features:
Stochastic Oscillator-Based Breakouts:
Automatically detects breakouts based on the smoothed Stochastic Oscillator values (%K and %D), providing insights into overbought and oversold conditions.
Customizable overbought and oversold levels, with a mid-level (50) line for additional reference.
Trendlines on Pivot Points:
Automatically plots dynamic trendlines based on pivot highs and lows of the smoothed Stochastic %K, helping to visualize potential reversal points.
RSI Confirmation (Optional):
Filters breakout signals using the Relative Strength Index (RSI) to confirm breakouts only when the RSI is below 50 for downtrend breakouts and above 50 for uptrend breakouts.
Visual confirmation with a green "RSI Conf." label displayed on the chart when the RSI condition is met.
Moving Average Filter (Optional):
Confirms breakout signals in the direction of a user-defined Moving Average (MA) to trade in the overall market trend direction.
MA length is fully customizable.
Stochastic Divergence Filter (Optional):
Detects bullish or bearish divergence between the price and Stochastic Oscillator values, adding an extra layer of confirmation.
Multi-Timeframe Confirmation (Optional):
Confirms breakouts by checking the Stochastic %K and %D values from a higher timeframe. This helps in avoiding false signals by aligning with the broader market trend.
The higher timeframe can be customized to any timeframe (e.g., daily, weekly, etc.).
Volatility Filter (Optional):
Uses the ATR (Average True Range) to filter out breakouts during periods of low volatility, ensuring signals are only triggered when there is sufficient price movement.
ATR length and multiplier are fully customizable.
Custom Alerts:
Alerts are available for new trendline detections (both pivot high and pivot low) and for confirmed breakout signals. These alerts help traders stay informed in real-time without needing to monitor the chart continuously.
How to Use:
Customize the Stochastic Oscillator settings, such as %K smoothing and %D line parameters, to fit your trading strategy.
Enable or disable additional filtering features (RSI, MA, divergence, MTF, volatility) as needed.
Set up alerts for specific breakout conditions directly in TradingView to stay notified when breakout signals are triggered.
This script is designed for traders who are looking for precision breakout signals with added layers of confirmation to avoid false breakouts and enhance trading accuracy.
RSI with Divergences and Trendlines by zenDisplays the standard Relative Strength Index (RSI). The RSI period, line color, and thickness are customizable by the user (defaulting to a 14-period, thin black line).
Includes traditional horizontal lines at the 70 (overbought) and 30 (oversold) levels. The background area between these levels is filled with a customizable color (defaulting to a transparent black).
The indicator intelligently analyzes the RSI's own movements to identify significant recent turning points (peaks and troughs).
It then automatically draws short trendline segments directly on the RSI chart. These lines connect recent, consecutive RSI turning points, dynamically highlighting the indicator's internal structure and immediate directional momentum.
Users can configure the sensitivity used to detect these RSI turning points via 'Pivot Lookback' settings. You can also customize the maximum number of recent trendlines displayed for upward and downward RSI movements (default is 5 each), as well as their colors and width.
These on-RSI trendlines do not extend into the future.
Micro fast trendline [sma] Overview
Micro Fast Trendline is an automated trendline drawing tool that connects pivot points in real-time. It dynamically creates trendlines between consecutive pivot highs and pivot lows, extending them forward to visualize potential support and resistance trajectories.
How It Works
Pivot Detection System
The indicator uses a symmetric pivot detection algorithm:
1. Scans for pivot highs: local peaks with lower highs on both left and right sides
2. Scans for pivot lows: local troughs with higher lows on both left and right sides
3. Confirms pivots only after the specified number of right bars have formed
4. Default settings: 5 bars left + 5 bars right (customizable)
Trendline Construction
When a new pivot is detected:
- **For Pivot Highs**: Draws a descending trendline from the previous pivot high to the current one (bearish)
- **For Pivot Lows**: Draws an ascending trendline from the previous pivot low to the current one (bullish)
- Calculates the slope between the two pivots
- Extends the line forward based on that slope for the specified number of bars (default 30)
Line Management System
The indicator includes intelligent line management:
- **Maximum Lines Control**: Limits the number of displayed trendlines (default 4, max 10)
- **Automatic Cleanup**: Removes oldest lines when the maximum is exceeded
- **Extension Expiry**: Deletes lines after they've extended beyond their lifespan
- Uses arrays to track pivot history and associated trendline objects
Key Features
- **Automatic Drawing**: No manual trendline drawing required
- **Real-time Updates**: Creates new trendlines as pivots form
- **Slope-based Extension**: Projects trendlines forward using calculated slope
- **Memory Management**: Automatically cleans up old lines to prevent clutter
- **Dual Tracking**: Separate systems for bullish and bearish trendlines
- **Optional Pivot Markers**: Can display pivot points for validation
Parameters
Pivot Configuration
- **Left Bars** (default 5): Number of bars to the left of the pivot for confirmation
- **Right Bars** (default 5): Number of bars to the right of the pivot for confirmation
- Higher values = fewer but more significant pivots
Visual Configuration
- Show Pivot Points (default off): Display triangles at confirmed pivots
- Bullish Line Color (default dark green): Color for upward trendlines
- Bearish Line Color (default dark red): Color for downward trendlines
- Line Width (default 1): Thickness of trendlines
- Maximum Lines (default 4, range 1-10): Maximum concurrent trendlines
- Line Extension (default 30 bars, range 10-200): Forward projection length
Interpretation
Bullish Trendlines (Green)
- Connect consecutive pivot lows
- Act as dynamic support levels
- Upward slope indicates strengthening uptrend
- Price breaking below suggests weakening support
Bearish Trendlines (Red)
- Connect consecutive pivot highs
- Act as dynamic resistance levels
- Downward slope indicates strengthening downtrend
- Price breaking above suggests weakening resistance
Trading Applications
- **Breakout Trading**: Watch for price breaking extended trendlines
- **Support/Resistance**: Use as dynamic S/R levels
- **Trend Confirmation**: Slope direction confirms trend strength
- **Reversal Signals**: Multiple trendline breaks may indicate reversals
Technical Implementation
This indicator uses:
- Custom type definition (PivotData) to store pivot price, time, and line object
- Array-based data structure for efficient pivot history management
- Dynamic line objects with calculated slope extension
- Automatic memory cleanup to prevent performance degradation
- Separate processing loops for highs and lows to avoid conflicts
Originality Statement
This indicator features a unique approach to automated trendline creation:
- Implements a custom data structure combining pivot data with line objects
- Uses slope-based mathematical projection for realistic line extensions
- Employs an intelligent cleanup system that removes expired lines automatically
- Maintains separate arrays for bullish/bearish trendlines with independent management
- Projects trendlines forward using calculated slope rather than simple horizontal extension
The combination of pivot detection, slope calculation, and automated line lifecycle management creates a hands-free trendline system.
Best Practices
- Lower pivot bar settings (3-5) for faster, more responsive trendlines
- Higher pivot bar settings (7-15) for major swings and longer-term trends
- Adjust line extension based on your trading timeframe
- Reduce maximum lines on lower timeframes to avoid clutter
- Increase maximum lines on higher timeframes for historical context
Works on all timeframes and asset classes. For educational purposes only. Not financial advice.
Auto Trendlines [RG]Auto Trendlines
Overview
Auto Trendlines automatically identifies, draws, and manages dynamic support and resistance trendlines based on pivot points. It continuously monitors price action to validate and update trendlines.
Key Features
Automatically identifies support (green) and resistance (red) trendlines
Validates trendlines against historical price action
Configurable lookback period and maximum active lines
Clean visualization with customizable line widths
How It Works
The indicator detects pivot highs and lows using your specified lookback period
It connects consecutive pivots to create potential trendlines
Lines are extended to the right until a confirmed price break
Older lines are automatically removed when the maximum is reached
Customization Options
Lookback Period: Controls the sensitivity of pivot detection
Maximum Active Lines: Limits the number of trendlines displayed
Line Width: Separate width controls for support and resistance lines
Ideal For
Identifying dynamic support and resistance levels.
Spotting potential reversal zones.
This indicator will help you identify trendlines, which you can then sophisticate and redraw more accurately. Please use this indicator only to identify trendline scenarios. Keep in mind that this is not a buy and sell indicator. Trendline breaks and bounces are not always respected, as prices can turn around at any moment. Happy Trading :)
Machine Learning Trendlines Cluster [LuxAlgo]The ML Trendlines Cluster indicator allows traders to automatically identify trendlines using a machine learning algorithm based on k-means clustering and linear regression, highlighting trendlines from clustered prices.
For trader's convenience, trendlines can be filtered based on their slope, allowing them to filter out trendlines that are too horizontal, or instead keep them depending on the user-selected settings.
🔶 USAGE
Traders only need to set the number of trendlines (clusters) they want the tool to detect and the algorithm will do the rest.
By default the tool is set to detect 4 clusters over the last 500 bars, in the image above it is set to detect 10 clusters over the same period.
This approach only focuses on drawing trendlines from prices that share a common trading range, offering a unique perspective to traditional trendlines. Trendlines with a significant slope can highlight higher dispersion within its cluster.
🔹 Trendline Slope Filtering
Traders can filter trendlines by their slope to display only steep or flat trendlines relative to a user-defined threshold.
The image above shows the three different configurations of this feature:
Filtering disabled
Filter slopes above threshold
Filter slopes below threshold
🔶 DETAILS
K-means clustering is a popular machine-learning algorithm that finds observations in a data set that are similar to each other and places them in a group.
The process starts by randomly assigning each data point to an initial group and calculating the centroid for each. A centroid is the center of the group. K-means clustering forms the groups in such a way that the variances between the data points and the centroid of the cluster are minimized.
The trendlines are displayed according to the linear regression function calculated for each cluster.
🔶 SETTINGS
Window Size: Maximum number of bars to get data from
Clusters: Maximum number of clusters (trendlines) to detect
🔹 Optimization
Maximum Iteration Steps: Maximum loop iterations for cluster computation
🔹 Slope Filter
Threshold Multiplier: Multiplier applied to a volatility measure, higher multiplier equals higher threshold
Filter Slopes: Enable/Disable Trendline Slope Filtering, select to filter trendlines with slopes ABOVE or BELOW the threshold
🔹 Style
Upper Zone: Color to display in the top zone
Lower Zone: Color to display in the bottom zone
Lines: Style for the lines
Size: Line size
Dynamic Trendlines Multi-TimeframeThe Dynamic Trendlines indicator is a useful tool for traders to identify potential support and resistance levels in the market. By analyzing price volatility and drawing trendlines based on high volatility candles, it helps traders visualize key price levels that may influence future price action. This indicator uses the Average True Range (ATR) as a measure of price volatility to determine the threshold for high volatility candles. This indicator can be used on multiple time frames, so just choose which one works best for you!
The underlying concept of this indicator revolves around the calculation of the True Range and Average True Range. The True Range is the maximum value among the difference between the current high and low, the absolute value of the difference between the current high and previous close, and the absolute value of the difference between the current low and previous close. The ATR is then calculated as the simple moving average of the True Range over a user-defined period (default is 14). The threshold for high volatility candles is determined by multiplying the ATR by a user-defined multiplier (default is 1.5).
The indicator identifies high volatility candles when the closing price is greater than the previous closing price plus the threshold. Based on the price action, trendlines are drawn connecting the high or low of high volatility candles. The initial color and style of the trendline are determined by whether the price is moving up or down. Green solid lines represent upward price movement, while red solid lines represent downward price movement.
As the price crosses the trendlines, the indicator tracks the number of crosses and updates the line's style accordingly. If the price crosses a trendline twice, the line style is changed to dashed, indicating the potential weakening of the support or resistance level.
This indicator works best with trading methods that focus on capturing price breakouts or reversals. Traders can use the trendlines to identify potential entry or exit points, stop-loss levels, or take-profit targets. It's important to note that this indicator should be used in conjunction with other technical analysis tools and an understanding of the overall market context to make informed trading decisions.
When using the Dynamic Trendlines indicator on TradingView, users can customize the ATR length, threshold multiplier, and the number of recent trendlines displayed on the chart. Additionally, small triangles are plotted below high volatility candles, with their color based on the trendline it starts, providing a quick visual reference for traders.
In summary, the Dynamic Trendlines indicator is a valuable tool for identifying potential support and resistance levels in the market by analyzing price volatility and drawing trendlines based on high volatility candles. It is best suited for breakout and reversal trading strategies and should be used in conjunction with other technical analysis tools for optimal results.
[TC] -- DayTrader's Auto Ultra TrendlinesThe goal of this indicator is to provide day traders with more realistic and general support and resistance trendlines for the chart timeframe they are trading, without the need for excessive parameter adjustment or manual consideration of trendlines from higher timeframes. As we all know, when trading smaller timeframes, it is not only the trendlines from the current timeframe which are significant - we must also consider the position of trendlines from higher ones.
Auto Ultra Trendlines plots a set of multi-timeframe-based resistance and support trendlines that are dynamically calculated depending on the timeframe of the chart which the indicator is applied to.
The indicator calculates conglomerated support and resistance trendlines based on trendline values calculated from several timeframes higher than the chart's. The higher timeframes are logically selected and differ based on the chart timeframe.
This indicator is designed to be applied to charts with a timeframe up to and including the 8H, and cannot be applied to charts with a timeframe greater than 1D.
To increase or decrease the lookback period for the trendlines, use the 'Lookback Factor' parameter.
