Trend Position Monitor [TLM]

"The GPS for Price Action"
( if you want to see the trend lines on the chart just search the indicator TLM by ata_sabanci).


1. What is this? (The Concept)
Imagine you are walking down a hallway.

The Floor (0%) is where the price usually bounces up.

The Ceiling (100%) is where the price usually bumps its head and falls down.

This indicator draws that hallway for you automatically. It tells you exactly where the price is standing right now—whether it's safe on the floor, dangerous near the ceiling, or smashing through the roof!

2. How it Works (The Logic)
Markets don't move in straight lines; they zigzag. This script uses a smart "Connect-the-Dots" system:

Finds the Turns: It automatically spots the major Highs and Lows (Pivots).

Draws the Path: It connects the oldest turn to the newest turn to calculate the perfect "slope" or direction of the trend.

Projects the Future: It extends those lines to today, creating a live "Buy Zone" and "Sell Zone" based on pure math.

3. How to Trade It (The Strategy)
The indicator gives you a score from 0% to 100%.

🟢 The Green Zone (15% - 85%):

This is "No Man's Land." The price is just floating in the middle. We usually wait here.

🟡 The Buy Zone (Below 15%):

"Floor is Lava!" The price is very close to the bottom support line.

Action: Look for long setups. We expect a bounce up.

🟠 The Sell Zone (Above 85%):

"Watch Your Head!" The price is very close to the top resistance line.

Action: Look to take profits or short. We expect a rejection down.

⚠️ The Breakout Zone (Above 100% or Below 0%):

"Roof Smashed!" If the score goes over 100%, the price has broken the trend limits. This often means a massive move is happening.

4. Settings (The Knobs)
Pivot Left/Right: How big of a zigzag do you want to catch? (5 is standard).

Pivot Span Count: How far back in history should we look to draw our trend lines?

Watchlist: Pick the top 5 assets you want to monitor in the dashboard.