Trendline Breakouts With Targets [ Chartprime ] builds a slope from successive changes in a wick or body source over a user-set period, then extends the line by a selected multiple of the bar interval. Parallel lines sit a volatility-adjusted distance from the trendline, using a capped ATR calculation. Inputs change the period, source type, extension length, line color, and whether targets appear. The visible code tracks long and short trade states plus target and stop levels, but it does not place orders.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Period ➞
int
10
Period
Type ➞
string
Wicks
Trendtype
Extend ➞
string
25
Extensions
LineCol1
color
color.rgb(109, 111, 111, 19)
LineCol1
Show Targets
bool
true
ShowTargets
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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