Trend Lines

2020年2月4日

Hello Everyone! This is my new trend lines script (after beta version that was published almost one year ago)

The idea is to find Pivot Highs (PH) and Pivot Lows(PL) first.

Then, If current PH is smaller then previous PH (means no new higher high and possible downtrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.

Same idea when using Pivot Lows, If current PL is higher then previous PL (means no new lower low and possible uptrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.

Optionally style of old trend lines drawn as dashed.

Hope you enjoy it!

2021年9月19日

發行說明

transp parameter removed
added color options for up/downtrend lines
changed pivot point label color

2021年10月5日

發行說明

pivot points fixed