Trendlines 2x +
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Copy of "Trendlines - JD" script by Duyck, which draws Trendlines from the pivot points in the price chart.
I have simply Doubled the amount of Trendlines , so now there are;
A Primary set of Trendlines at a higher lookback length and Thicker Line Width
and
A Secondary set of Trendlines at a Lower lookback length and Thinner Line Width
The default values work well when comparing multiple time frames at 3x time difference, play around with these values for other x time variations
I have also simplyfied the Trendline Extension Function to make it more user friendly
Please use the Alerts with caution as the Trendline Break function still needs to be optimised
Also included are Trend Candles to color the bars according to momentum, Trencandles script is a copy of UCS_Trend by ucsgears
I have simply Doubled the amount of Trendlines , so now there are;
A Primary set of Trendlines at a higher lookback length and Thicker Line Width
and
A Secondary set of Trendlines at a Lower lookback length and Thinner Line Width
The default values work well when comparing multiple time frames at 3x time difference, play around with these values for other x time variations
I have also simplyfied the Trendline Extension Function to make it more user friendly
Please use the Alerts with caution as the Trendline Break function still needs to be optimised
Also included are Trend Candles to color the bars according to momentum, Trencandles script is a copy of UCS_Trend by ucsgears
Oct 27
Release Notes:
Added Support / Resistance Zones
Modified Menus / Inputs for ease of use
Modified Menus / Inputs for ease of use
Nov 25
Release Notes:
Added Alerts for Support / Resistance thanks to pune3tghai
Nov 25
Release Notes:
Fixed S/R Alert condition
If it uses only multiplier for other trendlines timeframe...
Why not use 2 adjustable intervals that remain fixed regardkess ot the current time t4sme on the chart.
Say I set 1h and 1D in settings but and i need to switch over to 15min for entry. I still want to see those 1h and 1D trendlines.
Thanks for considering
That's What it's been missing. A multi-timeframe view!
Excellent idea and implementation!
Thank you
Oh yeah, and I think Andres has implemented alerts
for breaks very well in his trendline strategy script.
A retest alert would also be very interesting for us breakout/retest traders
Great Idea, If anybody knows how to code a retest alert let me know
Maybe just "close below the trend line in next ?5 candles, ?1-5 pips away from crossing back over"
support
resitance
buy = (high>= support) and (open<support) and (low<support) and (close<support)
sell = (low>=resistance) and (open>resistance) and (high<support) and (close>support)
considering that the Red Line is Support and Green Line is the resistance????
Thanks I will look into the alerts as soon as I get some free time.