Trendline Pivots The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows. These trendlines serve as reference points of potential resistance and support within the market. Once identified, the trend line will...
MTF Fusion S/R Trendlines intelligently adapt to whatever timeframe you're trading - dynamically calculating support and resistance trendline levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions. These trendlines are not programmed to repaint - so you can use them in...
The New Adaptive Moving Average was created by Scott Cong (Stocks and Commodities Mar 2023) and his idea was to focus on the Adaptive Moving Average created by Perry Kaufman and to try to improve it by introducing a concept of effort vs results. In this case the effort would be the total range of the underlying price action since each bar is essentially a war of...
What is "Linear Average Price"? "Linear Average Price" is both a trend and an overbought oversold indicator . What it does? it creates a trendline and trading zones. How it does it? To create the trend line, it averages the difference between each data and chooses it as the slope of the line it creates. then it positions this line so that it passes right through...
Hello Everyone. This is my first script on TV, hope you find it useful. How it works? - On each bar it finds last x (depending on your settings) higher and lower Pivot Points ( PP ). - It searches for possible trend line from oldest PP to newest, once found it stops and draws the line. - The higher the time frame the lower the number of PP needed. Play...
Basic Trend Line base on fractals (v0.1) Can not draw a line on the future X axis, So just a line segment but not a ray. I don't have a better idea to upgrade...