Auto trendlines Indicator
- Indicators
- Van Tuan Hinh Nguyen
- Version: 2.0
- Activations: 10
Indicator Name: Auto Trend Line
Description: Automatically draws trend lines with optimized and enhanced trend direction detection.
Main Features:
1. Automatic Trend Line Drawing:
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Two main lines are plotted:
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Support Line – color: Magenta
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Resistance Line – color: Cyan
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Lines are calculated based on:
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Two extremums (highs/lows)
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or an extremum and a delta (custom offset)
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2. Trend Direction Detection:
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The indicator determines the current trend as:
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TREND_UP (Uptrend value = 1)
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TREND_DOWN (Downtrend value = 0)
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TREND_NEUTRAL (Sideways value = -1)
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It can optionally display the trend information on the chart.
3. User Input Parameters:
| Parameter | Description |
|---|---|
| InpLineType | Method for calculating lines (by extremums or delta) |
| InpLeftExmSide | Number of bars to the left used to find extremums |
| InpRightExmSide | Number of bars to the right for extremum detection |
| InpFromCurrent | Offset from the current bar (used in delta method) |
| InpPrevExmBar | Whether to include the bar before the extremum |
| InpShowObjects | Whether to display graphical trendline objects |
| InpExtendLines | Extend the trendlines to the right side of the chart |
| InpTrendThreshold | Angle threshold for determining trend direction |
| InpShowTrendInfo | Display text trend info (enabled/disabled) |
| InpMaxBarsToProcess | Maximum number of bars to process |
4. Customization Options:
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Support and resistance line colors and line width are customizable.
