Trend Lines for RSI, CCI, Momentum, OBV

26 Mac 2020

Hello Traders!

After publishing Trend Lines for RSI yesterday, I realized that Trend Lines for more indicators needed by the traders. so I decided to make it for four different indicators: RSI, CCI, OBV, Momentum

In the indicator options you can choose the indicator from pull-down menu.


How it works?

- On each bar it finds last 10 higher and lower Pivot Points (PP) for the indicator.
- from first bar to 10. Pivot Point it searchs if a trend line is possible
- for each PP it starts searching from the last PP .
- it checks if drawing a trend line possible or not and also it's broken or not
- if it's broken then optionally it shows broken trend lines as dotted (or you can option not to see broken lines)
- if it finds a continues trend line then it stops searhing more and draw trend line, this is done by checking angles (I did this to make the script faster, otherwise you may get error because of it needs time more than .2sec)
- the script makes this process for each PP
- then shows the trend lines


P.S. it may need 3-10 seconds when you added the script to the chart at first (because of calculations)


Trend lines for CCI:



Trend Lines for OBV



Trend Lines for Momentum:



You may want to watch how Trend Lines script works (that was made for RSI)
s3.tradingview.com/d/dxBXxzE5_big.png


If you still didn't see Trend Lines v2 then visit:

All Comments are welcome..


Enjoy!

26 Mac 2020

Nota Keluaran

Added "Show EMA line" option, default EMA length = 9. it adds EMA line for the selected indicator. you can change the EMA Length.

20 Jul 2020

Nota Keluaran

After I saw some people copy/paste this script and sell, I decided to make it lighter.

for "Trend Lines Pro for Indicators" script please visit following page:

3 Okt 2021

Nota Keluaran

updated

4 Okt 2021

Nota Keluaran

updated