PROTECTED SOURCE SCRIPT
Trend Lines
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Hello Everyone.
This is my first script on TV, hope you find it useful.
How it works?
- On each bar it finds last x (depending on your settings) higher and lower Pivot Points ( PP ).
- It searches for possible trend line from oldest PP to newest, once found it stops and draws the line.
- The higher the time frame the lower the number of PP needed. Play around with the number of PP and left/right bars needed to confirm a PP and you get different results.
For suggestions don't hesitate to contact me
This is my first script on TV, hope you find it useful.
How it works?
- On each bar it finds last x (depending on your settings) higher and lower Pivot Points ( PP ).
- It searches for possible trend line from oldest PP to newest, once found it stops and draws the line.
- The higher the time frame the lower the number of PP needed. Play around with the number of PP and left/right bars needed to confirm a PP and you get different results.
For suggestions don't hesitate to contact me
Nota Keluaran
Added line widthNota Keluaran
Updated how lines are found, now there should always be an uptrend line and a downtrend lineNota Keluaran
Added the option to display the lines as zones/channels.Added alert conditions for entering, rejecting or breaking the zone (untested).
Nota Keluaran
Wrong chart added in previous updatePenafian
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