Auto AI Trendlines [TradingFinder] Clustering & Filtering Trends

🔵Introduction

Auto AI trendlines [TradingFinder] Clustering & Filtering Trends Indicator, draws a variety of trendlines. This auto plotting trendline indicator plots precise trendlines and regression lines, capturing trend dynamics.

Trendline trading is the strongest strategy in the financial market.
Regression lines, unlike trendlines, use statistical fitting to smooth price data, revealing trend slopes. Trendlines connect confirmed pivots, ensuring structural accuracy. Regression lines adapt dynamically.

The indicator’s ascending trendlines mark bullish pivots, while descending ones signal bearish trends. Regression lines extend in steps, reflecting momentum shifts. As the trend is your friend, this tool aligns traders with market flow.

Pivot-based trendlines remain fixed once confirmed, offering reliable support and resistance zones. Regression lines, adjusting to price changes, highlight short-term trend paths. Both are vital for traders across asset classes.

🔵How to Use

There are four line types that are seen in the image below; Precise uptrend (green) and downtrend (red) lines connect exact price extremes, while Pivot-based uptrend and downtrend lines use significant swing points, both remaining static once formed.




🟣Precise Trendlines

Trendlines only form after pivot points are confirmed, ensuring reliability. This reduces false signals in choppy markets. Regression lines complement with real-time updates.

The indicator always draws two precise trendlines on confirmed pivot points, one ascending and one descending. These are colored distinctly to mark bullish and bearish trends. They remain fixed, serving as structural anchors.

🟣Dynamic Regression Lines

Regression lines, adjusting dynamically with price, reflect the latest trend slope for real-time analysis. Use these to identify trend direction and potential reversals.

Regression lines, updated dynamically, reflect real-time price trends and extend in steps. Ascending lines are green, descending ones orange, with shades differing from trendlines. This aids visual distinction.

🟣Bearish Chart

A Bullish State emerges when uptrend lines outweigh or match downtrend lines, with recent upward momentum signaling a potential rise. Check the trend count in the state table to confirm, using it to plan long positions.




🟣Bullish Chart

A Bearish State is indicated when downtrend lines dominate or equal uptrend lines, with recent downward moves suggesting a potential drop. Review the state table’s trend count to verify, guiding short position entries. The indicator reflects this shift for strategic planning.




🟣Alarm

Set alerts for state changes to stay informed of Bullish or Bearish shifts without constant monitoring. For example, a transition to Bullish State may signal a buying opportunity. Toggle alerts On or Off in the settings.

🟣Market Status

A table summarizes the chart’s status, showing counts of ascending and descending lines. This real-time overview simplifies trend monitoring. Check it to assess market bias instantly.
Monitor the table to track line counts and trend dominance.

A higher count of ascending lines suggests bullish bias. This helps traders align with the prevailing trend.




🔵Settings

Number of Trendlines: Sets total lines (max 10, min 3), balancing chart clarity and trend coverage.

Max Look Back: Defines historical bars (min 50) for pivot detection, ensuring robust trendlines.

Pivot Range: Sets pivot sensitivity (min 2), adjusting trendline precision to market volatility.

Show Table Checkbox: Toggles display of a table showing ascending/descending line counts.

Alarm: Enable or Disable the alert.


🔵Conclusion

The multi slopes indicator, blending pivot-based trendlines and dynamic regression lines, maps market trends with precision. Its dual approach captures both structural and short-term momentum.

Customizable settings, like trendline count and pivot range, adapt to diverse trading styles. The real-time table simplifies trend monitoring, enhancing efficiency. It suits forex, stocks, and crypto markets.

While trendlines anchor long-term trends, regression lines track intraday shifts, offering versatility. Contextual analysis, like price action, boosts signal reliability. This indicator empowers data-driven trading decisions.