The Trend Line Plot Indicator automatically identifies pivot highs and lows across price history and draws dynamic bullish and bearish trend lines directly on the price chart.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Users can adjust the pivot lookback length, filter lines based on a minimum number of touch points, and set how far lines extend into future bars. It also includes optional visual markers for detected pivot points and customizable line styling controls. Because pivot points require confirmation over the set lookback distance, trend lines update retroactively when new pivots are confirmed.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Pivot Lookback Length
int
10
pivotLength
Number of Trend Lines
int
2
maxTrendLines
Minimum Touch Points
int
2
minTouchPoints
Extend Lines (Bars)
int
20
extendBars
Bullish Trend Color
color
color.new(color.green, 0)
bullishColor
Bearish Trend Color
color
color.new(color.red, 0)
bearishColor
Line Width
int
2
lineWidth
Show Pivot Points
bool
true
showPivots
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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