Avi - Trendlines

قبل ١٣ ساعة

The "Avi - Support Resistance Diagonal" indicator is designed to automatically detect and draw diagonal support and resistance lines on your TradingView chart. It uses recent price history to identify key pivot points, connecting them with dynamically extended lines. The script includes the following features:

Pivot Detection:
It identifies local minima and maxima using a configurable "Pivot Lookback Period (bars)" input, ensuring that only significant price extremes are used in forming the lines.

Dynamic Line Drawing:
The indicator calculates the price at any given point along a line connecting two pivot points. It then draws these lines with a right extension, updating them as new bars form.

Alerts:
Alerts are set up to notify you when the price crosses a drawn diagonal support (crossed down) or resistance (crossed up) level.

Line Management:
The script automatically removes outdated lines and labels whenever a new bar appears, ensuring that only current and relevant support and resistance levels are displayed.

Customization:
Users can adjust the history range for analysis, the pivot lookback period, and the visual properties (colors and styles) of the support and resistance lines.

Overall, this indicator is a powerful tool for visualizing dynamic support and resistance levels, providing traders with a clearer picture of potential price reversal zones and breakouts.

قبل ١٣ ساعة

ملاحظات الأخبار

The "Avi - Support Resistance Diagonal" indicator is designed to automatically detect and draw diagonal support and resistance lines on your TradingView chart. It uses recent price history to identify key pivot points, connecting them with dynamically extended lines. The script includes the following features:

Pivot Detection:
It identifies local minima and maxima using a configurable "Pivot Lookback Period (bars)" input, ensuring that only significant price extremes are used in forming the lines.

Dynamic Line Drawing:
The indicator calculates the price at any given point along a line connecting two pivot points. It then draws these lines with a right extension, updating them as new bars form.

Alerts:
Alerts are set up to notify you when the price crosses a drawn diagonal support (crossed down) or resistance (crossed up) level.

Line Management:
The script automatically removes outdated lines and labels whenever a new bar appears, ensuring that only current and relevant support and resistance levels are displayed.

Customization:
Users can adjust the history range for analysis, the pivot lookback period, and the visual properties (colors and styles) of the support and resistance lines.

Overall, this indicator is a powerful tool for visualizing dynamic support and resistance levels, providing traders with a clearer picture of potential price reversal zones and breakouts.