Lij_MC

Trendlines 2x +

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
Oct 27
Release Notes: Added Support / Resistance Zones

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
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Comments

Best trend indicator on tradingview, Excellent work mate
+1 Reply
Lij_MC kkhaial
@kkhaial, Thank you :)

Hope it helps, check out my other indicators if you like

https://www.tradingview.com/u/Lij_MC/#published-scripts
Reply
hi sir this indicator ll be repainting or not ?
Reply
Also an idea, lol
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
Reply
Oh yeah!
That's What it's been missing. A multi-timeframe view!
Excellent idea and implementation!
Thank you
Reply
Trendbeat Trendbeat
@Trendbeat,
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
Reply
Lij_MC Trendbeat
@Trendbeat, Thanks :)
Great Idea, If anybody knows how to code a retest alert let me know
Reply
@Lij_MC,

Maybe just "close below the trend line in next ?5 candles, ?1-5 pips away from crossing back over"
Reply
nice work mate, can you add alerts with following conditions.

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????
Reply
Lij_MC pune3tghai
@pune3tghai, Hi Thanks, Yeah the red is support and green is resistance however the color can be inverted in the menu.
Thanks I will look into the alerts as soon as I get some free time.
Reply
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