HAP Auto Trend Line [PRO]

5 בנוב׳ 2021

Hello Traders!

The trend line is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trend line helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade, and it can tell Support/resistance is very good.

But when drawing Trend Lines, sometimes we're not sure where to start. From where is the starting point? And sometimes it can be drawn multiple lines with different support/resistance lines over time. This itself can be confusing, so I tried to create a tool that allows it to draw lines automatically. According to price movement.

Let's take a look at the variables you need to understand from our indicators.


For this indicator it works in two main parts:

• Section of Trend Line
  
• Trend Reversal section
  

Therefore, these two parts have separate functions. To be used as a component for easier decision-making.

Trend Line, as I said before, what it is. Next is Trend Reversal. I will simply say it is. A period of time when the candle tries to pump and dump. This will help point out the potential price reversal. And if there is a trend line area, it is an interesting point to consider. To identify possibilities.

Some variables from the settings page

• Number of Bars to Check : It is the number of past candlesticks to consider. To identify the start of the Trend Line, if it meets the condition, it will automatically draw the Trend Line for you.
  
• Trend Line Depth : It is the frequency. Of identifying the starting point Trend Line. If the value is large, it will find a low Trend Line, and if it is low, it will find more Trend Line. This is flexible. So you have to try it yourself. On demand.
  

Overview


You can turn it on or off. Support/resistance position either.


Select Emoji Support/resistance. Freely


Line style you want


your favorite color


customizable line intensity


the script is fast enough to run on 1sec chart:


fun !

5 בנוב׳ 2021

הערות שחרור

Minor fixes to indicator names.

24 במאי 2022

הערות שחרור

ADD Alert breakout

https://s3.tradingview.com/snapshots/9/9Wj3MAcc.png
https://s3.tradingview.com/snapshots/c/coinORYx.png
https://s3.tradingview.com/snapshots/o/oxPsEpyy.png

24 במאי 2022

הערות שחרור

previous update improved image display