PROTECTED SOURCE SCRIPT
Trend Drawing + OB Signal (MTF) [ASCII]
Script Description: Advanced Multi-Timeframe Trend Lines & OB/OS Signal [ASCII]
Overview
This advanced Pine Script indicator is designed to identify and project key support and resistance levels using pivot-based trend lines across multiple timeframes. It combines this powerful trend analysis with a sophisticated Overbought/Oversold (OB/OS) detection system using CCI and Bollinger Bands, providing clear trading signals with integrated alert functionality.
Key Features
1. Multi-Timeframe Trend Lines
Automated Pivot Detection: Automatically identifies significant swing highs and lows based on user-defined left/right bar parameters
Smart Timeframe Adaptation: Uses different sensitivity settings for each timeframe (15min to 1Week) for optimal pivot detection
Dynamic Line Projection: Draws trend lines connecting the two most recent pivots and extends them forward
Flexible Source Selection: Choose between Close price, Wick extremes, or Auto mode (Auto uses Wick for higher timeframes, Close for lower timeframes)
2. Advanced OB/OS Detection System
Dual Indicator Confirmation: Combines CCI momentum and Bollinger Band position for reliable signals
Customizable Parameters: Adjustable CCI length, OB/OS thresholds, and Bollinger Band settings
Bar Confirmation Option: Optional wait-for-close confirmation to avoid false signals
Visual Markers: Clear triangle markers above/below bars for quick signal identification
3. Timeframe Support
Available Timeframes: 15min, 30min, 1h, 2h, 4h, 8h, 12h, 1D, 1W
Independent Settings: Custom left/right bar parameters for each timeframe
Automatic Adaptation: Script automatically applies the correct settings for your current chart timeframe
Input Parameters
Trend Lines Configuration
Left/Right Bars: Defines the pivot detection sensitivity for each timeframe
Line Length: Controls how far trend lines extend into the future
Line Source: Choose between Close, Wick, or Auto selection
Colors: Customizable support/resistance line colors
OB/OS Signal Settings
CCI Parameters: Length and OB/OS thresholds
Bollinger Bands: Length and multiplier for band width
Plot Options: Toggle OB markers and bar confirmation
Signal Logic
OB UP Signal (Short Bias)
Conditions: CCI ≥ OB threshold AND Close ≥ Upper Bollinger Band
Marker: Red triangle down above bar
Alert Direction: SHORT
OB DOWN Signal (Long Bias)
Conditions: CCI ≤ OS threshold AND Close ≤ Lower Bollinger Band
Marker: Green triangle up below bar
Alert Direction: LONG
Alert System
The script includes pre-formatted JSON alerts for external integration:
Structured data format with symbol, timeframe, direction, and signal type
Secret key for authentication (replace "MY_SECRET" with your actual key)
Compatible with webhook services and custom alert handlers
Usage Tips
Timeframe Selection: Use higher timeframes (4H-Daily) for major levels, lower timeframes for precise entries
Parameter Tuning: Adjust left/right bars based on market volatility - increase for smoother trends, decrease for more reactive lines
Confirmation: Combine trend line breaks with OB/OS signals for high-probability setups
Risk Management: Always use proper stop losses - trend lines indicate potential areas, not guaranteed reversals
Technical Notes
Built with Pine Script v6
Maximum 200 lines/labels to maintain performance
Works on all asset types (forex, stocks, crypto)
Optimized for real-time and historical analysis
This script provides institutional-grade trend analysis with retail-friendly signals, making complex multi-timeframe analysis accessible to traders of all experience levels.
This description covers all the technical aspects while being accessible for users.
Overview
This advanced Pine Script indicator is designed to identify and project key support and resistance levels using pivot-based trend lines across multiple timeframes. It combines this powerful trend analysis with a sophisticated Overbought/Oversold (OB/OS) detection system using CCI and Bollinger Bands, providing clear trading signals with integrated alert functionality.
Key Features
1. Multi-Timeframe Trend Lines
Automated Pivot Detection: Automatically identifies significant swing highs and lows based on user-defined left/right bar parameters
Smart Timeframe Adaptation: Uses different sensitivity settings for each timeframe (15min to 1Week) for optimal pivot detection
Dynamic Line Projection: Draws trend lines connecting the two most recent pivots and extends them forward
Flexible Source Selection: Choose between Close price, Wick extremes, or Auto mode (Auto uses Wick for higher timeframes, Close for lower timeframes)
2. Advanced OB/OS Detection System
Dual Indicator Confirmation: Combines CCI momentum and Bollinger Band position for reliable signals
Customizable Parameters: Adjustable CCI length, OB/OS thresholds, and Bollinger Band settings
Bar Confirmation Option: Optional wait-for-close confirmation to avoid false signals
Visual Markers: Clear triangle markers above/below bars for quick signal identification
3. Timeframe Support
Available Timeframes: 15min, 30min, 1h, 2h, 4h, 8h, 12h, 1D, 1W
Independent Settings: Custom left/right bar parameters for each timeframe
Automatic Adaptation: Script automatically applies the correct settings for your current chart timeframe
Input Parameters
Trend Lines Configuration
Left/Right Bars: Defines the pivot detection sensitivity for each timeframe
Line Length: Controls how far trend lines extend into the future
Line Source: Choose between Close, Wick, or Auto selection
Colors: Customizable support/resistance line colors
OB/OS Signal Settings
CCI Parameters: Length and OB/OS thresholds
Bollinger Bands: Length and multiplier for band width
Plot Options: Toggle OB markers and bar confirmation
Signal Logic
OB UP Signal (Short Bias)
Conditions: CCI ≥ OB threshold AND Close ≥ Upper Bollinger Band
Marker: Red triangle down above bar
Alert Direction: SHORT
OB DOWN Signal (Long Bias)
Conditions: CCI ≤ OS threshold AND Close ≤ Lower Bollinger Band
Marker: Green triangle up below bar
Alert Direction: LONG
Alert System
The script includes pre-formatted JSON alerts for external integration:
Structured data format with symbol, timeframe, direction, and signal type
Secret key for authentication (replace "MY_SECRET" with your actual key)
Compatible with webhook services and custom alert handlers
Usage Tips
Timeframe Selection: Use higher timeframes (4H-Daily) for major levels, lower timeframes for precise entries
Parameter Tuning: Adjust left/right bars based on market volatility - increase for smoother trends, decrease for more reactive lines
Confirmation: Combine trend line breaks with OB/OS signals for high-probability setups
Risk Management: Always use proper stop losses - trend lines indicate potential areas, not guaranteed reversals
Technical Notes
Built with Pine Script v6
Maximum 200 lines/labels to maintain performance
Works on all asset types (forex, stocks, crypto)
Optimized for real-time and historical analysis
This script provides institutional-grade trend analysis with retail-friendly signals, making complex multi-timeframe analysis accessible to traders of all experience levels.
This description covers all the technical aspects while being accessible for users.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.