This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v4 · On the chart
Trendlines - JD
A Pine v4 overlay by Joris Duyck that draws trendlines through pivot points and extends them forward.
Repaints
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code530
Settings11inputs
LicenceNone stated
Last update3 years ago19 Mar 2023
Add It to Your TradingView 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
Lines can start from wicks or candle bodies, run indefinitely or for a limited number of bars, and be coloured by direction or in monochrome. Trendline breaks can be marked and alerted. The code states that solid lines are drawn only after a pivot is confirmed, so they lag, while dotted lines update in real time.
- Trendlines from pivot highs and lows
- Wick or body based anchoring
- Break markers and alerts
- Limits on line length and count
- Log chart option
Details
Published by
nvFede on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| loockback length pivots | int | 30 | len |
| Draw lines from wicks (checked) or real bodies (unchecked)? | bool | true | wicks |
| Display only falling 'high' and rising 'low' trendlines? | bool | true | disp_select |
| checked = monochrome lines, unchecked = direction colored lines? | bool | false | do_mono |
| Limit extensions of the lines? 0 = infinite, other values x 50 bars | int | 2 | limit_extension |
| show trendline breaks | bool | true | do_alerts |
| limit number of trendlines shown (value in next setting calculates the lookback period) | bool | false | limit_trendline_nr |
| number of trendlines to show (select true above to limit) | int | 5 | trendline_nr |
| number of past trendlines to check for breaks | int | 1 | trendline_check_nr |
| only display 'long' breaks on trendlines connecting 'highs' and 'short' for 'lows' | bool | true | select_breaks |
| USING A LOG CHART? MAKE SURE TO CHECK THIS BOX!! | bool | false | log_chart |
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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