OPEN-SOURCE SCRIPT

Constant Auto Trendlines (Extended Right)

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📈 Constant Auto Trendlines (Extended Right)

This indicator automatically detects market structure by connecting swing highs and lows with permanent, forward-projecting trendlines.
Unlike standard trendline tools that stop at the last pivot, this version extends each trendline infinitely into the future — helping traders visualize where price may react next.

🔍 How It Works

The script identifies pivot highs and lows using user-defined left/right bar counts.
When a new lower high or higher low appears, the indicator draws a line between the two pivots and extends it forward using extend.right.
Each new confirmed trendline stays fixed, creating a historical map of structure that evolves naturally with market action.

Optional filters:

Min Slope – ignore nearly flat trendlines

Show Latest Only – focus on the most relevant trendline

Alerts – get notified when price crosses the most recent uptrend or downtrend line

🧩 Why It’s Useful

This tool helps traders:

Spot emerging trends early

Identify dynamic support/resistance diagonals

Avoid redrawing trendlines manually

Backtest structure breaks historically

⚙️ Inputs

Pivot Left / Right bars

Min slope threshold

Line color, width, and style

Show only latest line toggle

Alert options

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.