Dreadblitz

Follow Line Indicator

The FollowLine indicator is a trend following indicator. The blue/red lines are activated when the price closes above the upper Bollinger band or below the lower one.

Once the trigger of the trend direction is made, the FollowLine will be placed at High or Low (depending of the trend).

An ATR filter can be selected to place the line at a more distance level than the normal mode settled at candles Highs/Lows.

Alerts Added
Release Notes: Alerts Added
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Hello Dude , Thanks for this great Indicator, I got questions if you don't mind

1. on which time frames you recommend to use it?, can be use on 5M, 15M and 30M also
2. Where exactly the Alert triggers, because the line has distance with candles on my chart, and I couldn't recognize where it triggers!!!
i wish i could send you my chart screenshot for better understanding
+72 Reply
rajesh26616 Rahian-BTC
+25 Reply
Genius077 Rahian-BTC
Reply
Very good indicator.

is this same as magic trend indicator ?

Can you make multi time frame of this indicator? thank you mate.
+29 Reply
@Roncs7, It could be a good idea, I will try to do it, unfortunately lately I am with very little time because of my usual work, but I can hardly do it, regards
+5 Reply
@Dreadblitz, Eagerly waiting mate!!!!!!!
+1 Reply
prajapati_abc Dreadblitz
@Dreadblitz, hi buddy..great work ..any success regarding multi time frame work in this?
+2 Reply
@Roncs7, thanks
+1 Reply
Hi.
Does this Line Indicator work on ETH/USD?
+12 Reply
Hello sir, I didn't understand the logic. I am getting different trend line for premium account and free account. Can you please explain this to me ?
+4 Reply