Simple Auto Swing Lines

10 hours ago

# Simple Auto Swing Lines

## What It Does
This indicator automatically draws horizontal support and resistance lines based on swing highs and lows with line management and touch-based alerts.

## How It Works

**Swing Detection:**
- Uses pivot point analysis to identify significant highs and lows
- Configurable pivot strength determines sensitivity (higher = more significant swings)
- Draws horizontal lines from these swing points extending to current price

**Line Management:**
- Proximity Filter: Removes lines that are too close together to prevent clutter
- Auto-Hide Feature: Lines disappear after price closes beyond them for a set number of candles
- Permanent Clipping: Once a line is crossed for the threshold period, it stays hidden
- Dynamic Updates: Only shows the most relevant recent swing levels

**Touch-Based Alert System:**
- "Swing High touched" - Alerts when price touches resistance lines from any direction
- "Swing Low touched" - Alerts when price touches support lines from any direction
- "Any Swing Level touched" - Combined alert for any swing line interaction

## Key Settings

**Pivot Detection:**
- Pivot Strength (50): Higher values = fewer, more significant swing lines
- Max Lookback Bars (1000): How far back to look for swing points

**Line Appearance:**
- Max Lines (5): Maximum number of swing lines per side (total lines = 2x this number)
- Line Thickness (1-5): Customize line width
- Resistance/Support Colors: Red for highs, green for lows
- Show Labels: Optional swing high/low labels (default: off)

**Display Controls:**
- Proximity Filter (2000 ticks): Minimum distance between lines to prevent clutter
- Candles Before Hide (7): How many consecutive closes beyond a line before permanent removal

10 hours ago

Release Notes

Updated chart example to include both support and resistance lines.