Indicator · Pine Script v5 · On the chart

Trendlines With Breaks [LUX]

by iamc1oud· code credited to LuxAlgo

This indicator calculates dynamic upper and lower trendlines from pivot highs and pivot lows across a specified bar length.

View on GitHub

Repaints

GitHub stars56on the repository
Pine versionv5runs as is
Lines of code72
Settings4inputs
LicenceNone stated
Last update2 months ago20 Aug 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Trendline slopes are derived using ATR, standard deviation, or linear regression methods. It plots trendlines and breakout signal labels directly on the price chart when price breaks out of calculated levels. Users can filter signals to show only confirmed breakouts and configure slope sensitivity. Because pivot points require future bars to confirm, historical breakout shapes and lines are drawn retroactively with a negative bar offset.

Details

Published by

iamc1oud on GitHub

Code credit

LuxAlgo, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Trend, Support & resistance, Breakout

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.

SettingTypeDefaultVariable
lengthint14length
Slopefloat1.k
Slope Calculation MethodstringAtrmethod
Show Only Confirmed Breakoutsboolfalseshow
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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