Specification
Project Name:
Automatic Trend Channel and Bounce Detection Indicator
Platform:
TradingView (Pine Script v6) or lastest version
Project Description:
I want an indicator that automatically detects trend channels and bounce signals without manual drawing. It must:
Identify swing highs and swing lows using pivot logic (for example, 5 candles left and 5 candles right),
Draw a dynamic channel based on these swing points:
Upper resistance trendline,
Lower support trendline,
The channel should auto-adjust (move with new swing points),
Detect bounces when the price touches or slightly pierces the support or resistance line,
Plot a blue arrow at bounce points:
Up arrow when bouncing from support,
Down arrow when bouncing from resistance,
Once a bounce signal (arrow) appears, it must be locked in place and must not repaint,
The channel lines should be solid (not dashed),
Swing sensitivity (pivot strength) must be adjustable from the settings panel,
No alert functionality is needed (only the visual drawings for now),
Should be optimized for NASDAQ100 (USTEC/NAS100) on 1-hour timeframe, but flexible enough to work on other timeframes and instruments.
Notes:
Code must be written in Pine Script v6 (latest version),
Keep the chart look professional and clean (minimal clutter),
Make sure the indicator does not lag heavily (optimize for performance).
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Project information
Budget
30 USD
Deadline
from 5 day(s)