Trend Line Methods (TLM)
Overview
Trend Line Methods (TLM) is a visual study designed to help traders explore trend structure using two complementary, auto-drawn trend channels. The script focuses on how price interacts with rising or falling boundaries over time. It does not generate trade signals or manage risk; its purpose is to support discretionary chart analysis.
Method 1 – Pivot Span Trendline
The Pivot Span Trendline method builds a dynamic channel from major swing points detected by pivot highs and pivot lows.
• The script tracks a configurable number of recent pivot highs and lows.
• From the oldest and most recent stored pivot highs, it draws an upper trend line.
• From the oldest and most recent stored pivot lows, it draws a lower trend line.
• An optional filled area can be drawn between the two lines to highlight the active trend span.
As new pivots form, the lines are recalculated so that the channel evolves with market structure. This method is useful for visualising how price respects a trend corridor defined directly by swing points.
Method 2 – 5-Point Straight Channel
The 5-Point Straight Channel method approximates a straight trend channel using five key points extracted from a fixed lookback window.
Within the selected window:
• The window is divided into five segments of similar length.
• In each segment, the highest high is used as a representative high point.
• In each segment, the lowest low is used as a representative low point.
• A straight regression-style line is fitted through the five high points to form the upper boundary.
• A second straight line is fitted through the five low points to form the lower boundary.
The result is a pair of straight lines that describe the overall directional channel of price over the chosen window. Compared to Method 1, this approach is less focused on the very latest swings and more on the broader slope of the market.
Inputs & Menus
Pivot Span Trendline group (Method 1)
• Enable Pivot Span Trendline – Turns Method 1 on or off.
• High trend line color / Low trend line color – Colors of the upper and lower trend lines.
• Fill color between trend lines – Base color used to shade the area between the two lines. Transparency is controlled internally.
• Trend line thickness – Line width for both high and low trend lines.
• Trend line style – Line style (solid, dashed, or dotted).
• Pivot Left / Pivot Right – Number of bars to the left and right used to confirm pivot highs and lows. Larger values produce fewer but more significant swing points.
• Pivot Count – How many historical pivot points are kept for constructing the trend lines.
• Lookback Length – Number of bars used to keep pivots in range and to extend the trend lines across the chart.
5-Point Straight Channel group (Method 2)
• Enable 5-Point Straight Channel – Turns Method 2 on or off.
• High channel line color / Low channel line color – Colors of the upper and lower channel lines.
• Channel line thickness – Line width for both channel lines.
• Channel line style – Line style (solid, dashed, or dotted).
• Channel Length (bars) – Lookback window used to divide price into five segments and build the straight high/low channel.
Using Both Methods Together
Both methods are designed to visualise the same underlying idea: price tends to move inside rising or falling channels. Method 1 emphasises the most recent swing structure via pivot points, while Method 2 summarises the broader channel over a fixed window.
When the Pivot Span Trendline corridor and the 5-Point Straight Channel boundaries align or intersect, they can highlight zones where multiple ways of drawing trend lines point to similar support or resistance areas. Traders can use these confluence zones as a visual reference when planning their own entries, exits, or risk levels, according to their personal trading plan.
Notes
• This script is meant as an educational and analytical tool for studying trend lines and channels.
• It does not generate trading signals and does not replace independent analysis or risk management.
• The behaviour of both methods is timeframe- and symbol-agnostic; they will adapt to whichever chart you apply them to.
Overview
Trend Line Methods (TLM) is a visual study designed to help traders explore trend structure using two complementary, auto-drawn trend channels. The script focuses on how price interacts with rising or falling boundaries over time. It does not generate trade signals or manage risk; its purpose is to support discretionary chart analysis.
Method 1 – Pivot Span Trendline
The Pivot Span Trendline method builds a dynamic channel from major swing points detected by pivot highs and pivot lows.
• The script tracks a configurable number of recent pivot highs and lows.
• From the oldest and most recent stored pivot highs, it draws an upper trend line.
• From the oldest and most recent stored pivot lows, it draws a lower trend line.
• An optional filled area can be drawn between the two lines to highlight the active trend span.
As new pivots form, the lines are recalculated so that the channel evolves with market structure. This method is useful for visualising how price respects a trend corridor defined directly by swing points.
Method 2 – 5-Point Straight Channel
The 5-Point Straight Channel method approximates a straight trend channel using five key points extracted from a fixed lookback window.
Within the selected window:
• The window is divided into five segments of similar length.
• In each segment, the highest high is used as a representative high point.
• In each segment, the lowest low is used as a representative low point.
• A straight regression-style line is fitted through the five high points to form the upper boundary.
• A second straight line is fitted through the five low points to form the lower boundary.
The result is a pair of straight lines that describe the overall directional channel of price over the chosen window. Compared to Method 1, this approach is less focused on the very latest swings and more on the broader slope of the market.
Inputs & Menus
Pivot Span Trendline group (Method 1)
• Enable Pivot Span Trendline – Turns Method 1 on or off.
• High trend line color / Low trend line color – Colors of the upper and lower trend lines.
• Fill color between trend lines – Base color used to shade the area between the two lines. Transparency is controlled internally.
• Trend line thickness – Line width for both high and low trend lines.
• Trend line style – Line style (solid, dashed, or dotted).
• Pivot Left / Pivot Right – Number of bars to the left and right used to confirm pivot highs and lows. Larger values produce fewer but more significant swing points.
• Pivot Count – How many historical pivot points are kept for constructing the trend lines.
• Lookback Length – Number of bars used to keep pivots in range and to extend the trend lines across the chart.
5-Point Straight Channel group (Method 2)
• Enable 5-Point Straight Channel – Turns Method 2 on or off.
• High channel line color / Low channel line color – Colors of the upper and lower channel lines.
• Channel line thickness – Line width for both channel lines.
• Channel line style – Line style (solid, dashed, or dotted).
• Channel Length (bars) – Lookback window used to divide price into five segments and build the straight high/low channel.
Using Both Methods Together
Both methods are designed to visualise the same underlying idea: price tends to move inside rising or falling channels. Method 1 emphasises the most recent swing structure via pivot points, while Method 2 summarises the broader channel over a fixed window.
When the Pivot Span Trendline corridor and the 5-Point Straight Channel boundaries align or intersect, they can highlight zones where multiple ways of drawing trend lines point to similar support or resistance areas. Traders can use these confluence zones as a visual reference when planning their own entries, exits, or risk levels, according to their personal trading plan.
Notes
• This script is meant as an educational and analytical tool for studying trend lines and channels.
• It does not generate trading signals and does not replace independent analysis or risk management.
• The behaviour of both methods is timeframe- and symbol-agnostic; they will adapt to whichever chart you apply them to.
Nota Keluaran
Trend Line Methods (TLM) — Version 2.0 UpdateOverview
TLM v1.0 was published as a visual study with two complementary auto-drawn trend channel methods: Pivot Span Trendline (Method 1) and 5-Point Straight Channel (Method 2). The original version focused purely on drawing trend lines and filling between them. It provided no analytical feedback, no data readout, and no multilingual support.
Version 2.0 adds a complete analytics and internationalization layer on top of the existing drawing engine. No drawing logic has been modified; all new features are additive and non-invasive.
Feature 1 — Channel Analytics Dashboard
A real-time 8-row × 3-column analytics table is rendered directly on the chart. It reads channel data non-invasively from the existing line objects (via line.get_y1/y2/x1) without modifying any drawing logic. The dashboard covers both methods side by side:
Period — Start and end calendar dates (including year) displayed in a compact two-line layout to conserve horizontal space.
Bar Count — The configured lookback length is shown in each method's header (e.g. "Pivot Span (150)"), so the user instantly sees what period each method covers.
Upper & Lower Prices — Exact price levels at channel start and end for both upper and lower boundaries, formatted to the symbol's precision (mintick).
Direction — Bullish / Bearish / Range classification. Computed from the midline slope percentage change: midline = (upper + lower) / 2 at start and end. Compared against a user-configurable threshold (default ±0.5%, per Bulkowski / Murphy standard channel classification methodology).
Breakout — Above / Below / Inside detection based on whether the current close price is above the upper line, below the lower line, or within the channel.
The original version required the user to visually inspect lines and mentally estimate direction, price levels, and breakout status. Version 2.0 delivers all of this as structured, real-time, formatted data directly on the chart. The indicator transforms from a drawing-only tool into a full analytical instrument.
Feature 2 — 13-Language Interface with Full Tooltip Translation
All dashboard labels and every individual cell tooltip are fully translated into 13 languages: English, Turkish, Arabic, Russian, German, French, Spanish, Portuguese, Swedish, Norwegian, Danish, Hebrew, and Persian.
The translation engine uses array-indexed lookup (24 tooltip arrays + 18 label arrays, each with 13 entries). RTL (right-to-left) text alignment is automatically enforced for Arabic, Hebrew, and Persian.
The original version had no multilingual capability whatsoever. Version 2.0 makes the indicator accessible to a global audience with a complete native-language experience: not just labels, but also help text (tooltips) follows the selected language. This is a significant expansion of the indicator's usability and reach.
Feature 3 — Configurable Dashboard Layout
The user has full control over dashboard appearance and placement:
Position — 6 chart positions: Top Left, Top Right, Top Center, Bottom Left, Bottom Right, Bottom Center.
Font Size — Adjustable with no artificial constraints (minimum 1pt, no maximum). TradingView's own rendering limits are the only boundary.
Color Scheme — Professional dark theme with channel-specific accent colors. Header backgrounds, cell backgrounds, bullish/bearish/range colors, and data text colors are all harmonized with TradingView's native dark chart theme.
The user can place the dashboard exactly where it does not obstruct their chart view, and scale the text to match their screen resolution and preference. This ensures the analytics panel integrates seamlessly into any chart setup.
Feature 4 — In-Script Guidelines Documentation
A comprehensive comment block is added at the end of the script, documenting all methodology references, architectural decisions, translation engine design, date formatting rules, font sizing policy, and compliance requirements.
Any developer maintaining or extending the script now has a clear, authoritative reference inside the code itself. This reduces onboarding time, prevents accidental design violations, and ensures long-term maintainability as more methods or dashboard features are added in the future.
Notes
This script is meant as an educational and analytical tool for studying trend lines and channels. It does not generate trading signals and does not replace independent analysis or risk management. The behaviour of both methods is timeframe- and symbol-agnostic; they will adapt to whichever chart you apply them to.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Uncovering hidden market depth through Volume Dynamics & Data-Driven Logic.
Follow the flow:
x.com/sabanci_ata
Follow the flow:
x.com/sabanci_ata
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Uncovering hidden market depth through Volume Dynamics & Data-Driven Logic.
Follow the flow:
x.com/sabanci_ata
Follow the flow:
x.com/sabanci_ata
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.