Auto Trend Lines *MTC* — Indicator by Alex_Chart

trendanalysis pivotpoints trendlinebreak pivot trend

This indicator is able to automatically draw trend lines projected into the future, based on the latest highs and lows (pivots). It draws a downtrend line if the latest highs are descending and draws an uptrend line if the latest lows are ascending, providing dynamic resistance and support guidance over time. Through the settings it is possible to display only what you need and finally it is possible to set up alerts for the upward or downward cross of one of the trend lines in progress.
Combine it with your trading tools and it will be a guide to action for you!

Release Notes:

updated to pine script v5

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Alex_Chart for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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Author's instructions

Through the settings it is possible to display only what you need and finally it is possible to set up alerts for the upward or downward cross of one of the trend lines in progress.

Want to use this script on a chart?

Warning: please read before requesting access.