OPEN-SOURCE SCRIPT
Auto Trend Lines v1.0
This advanced Pine Script indicator automatically detects and draws support and resistance trendlines for any instrument based on two independent lookback periods—short-term and long-term—making it suitable for all types of traders. The indicator identifies pivot highs and lows for both user-configurable lookback lengths, draws trendlines from each anchor point to the current bar, and supports a visually intuitive chart by coloring and labeling each line type separately.
Key features:
Dual lookback: Choose separate short-term and long-term sensitivity for pivots and trendlines.
Customizable: Select the number of displayed lines, colors, and line widths to suit your preferences.
Auto-updating: Trendlines update dynamically with new pivots and extend to the latest bar.
This indicator is ideal for those who want to automate trendline analysis, spot key breakout and reversal areas, and streamline technical trading.
Key features:
Dual lookback: Choose separate short-term and long-term sensitivity for pivots and trendlines.
Customizable: Select the number of displayed lines, colors, and line widths to suit your preferences.
Auto-updating: Trendlines update dynamically with new pivots and extend to the latest bar.
This indicator is ideal for those who want to automate trendline analysis, spot key breakout and reversal areas, and streamline technical trading.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.