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Mohammad - Auto Trendlines - Versión Estable
Mohammad - Auto Trendlines - Dynamic Support & Resistance
This indicator automatically identifies and draws trendlines by connecting pivot highs and pivot lows, similar to how a professional trader would manually draw them on a chart. Each pivot point is used only once to maintain clean, non-overlapping lines.
Key Features:
Automatically detects and connects pivot points to form trendlines
Distinguishes between resistance lines (connecting highs, drawn from top) and support lines (connecting lows, drawn from bottom)
Each pivot/wick is used for maximum one trendline, preventing messy overlapping
Color-coded: Black for resistance lines (bearish), Blue for support lines (bullish)
Support lines can be toggled on/off (hidden by default for cleaner charts)
Parameters:
Minimum/Maximum Length: Controls the range of bars to search for trendline connections (5-40 bars default)
Pivot Strength: Determines how prominent a high/low must be to qualify as a pivot point
Line Extension: Projects trendlines forward into the future
Tolerance: Flexibility for validating price touches on the trendline
Maximum Lines: Limits the number of visible trendlines to prevent chart clutter
How It Works:
The indicator scans historical price data to identify significant pivot points (local highs and lows). It then connects these pivots with trendlines following these rules:
Resistance lines connect pivot highs where the recent high is lower than the older high (descending)
Support lines connect pivot lows where the recent low is higher than the older low (ascending)
Lines must have intermediate price touches to be considered valid
Each pivot can only be used once, ensuring clean, logical trendline placement
Use Cases:
Identify key support and resistance levels automatically
Spot trend continuations and potential reversal points
Save time by eliminating manual trendline drawing
Maintain consistency in technical analysis
The indicator updates every 5 bars and on the last bar to ensure current relevance while maintaining performance.
This indicator automatically identifies and draws trendlines by connecting pivot highs and pivot lows, similar to how a professional trader would manually draw them on a chart. Each pivot point is used only once to maintain clean, non-overlapping lines.
Key Features:
Automatically detects and connects pivot points to form trendlines
Distinguishes between resistance lines (connecting highs, drawn from top) and support lines (connecting lows, drawn from bottom)
Each pivot/wick is used for maximum one trendline, preventing messy overlapping
Color-coded: Black for resistance lines (bearish), Blue for support lines (bullish)
Support lines can be toggled on/off (hidden by default for cleaner charts)
Parameters:
Minimum/Maximum Length: Controls the range of bars to search for trendline connections (5-40 bars default)
Pivot Strength: Determines how prominent a high/low must be to qualify as a pivot point
Line Extension: Projects trendlines forward into the future
Tolerance: Flexibility for validating price touches on the trendline
Maximum Lines: Limits the number of visible trendlines to prevent chart clutter
How It Works:
The indicator scans historical price data to identify significant pivot points (local highs and lows). It then connects these pivots with trendlines following these rules:
Resistance lines connect pivot highs where the recent high is lower than the older high (descending)
Support lines connect pivot lows where the recent low is higher than the older low (ascending)
Lines must have intermediate price touches to be considered valid
Each pivot can only be used once, ensuring clean, logical trendline placement
Use Cases:
Identify key support and resistance levels automatically
Spot trend continuations and potential reversal points
Save time by eliminating manual trendline drawing
Maintain consistency in technical analysis
The indicator updates every 5 bars and on the last bar to ensure current relevance while maintaining performance.
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。