The Auto trendline detector indicator
Meet the Auto Trendline Detector—a revolutionary tool for traders who rely on trendlines for strategic decision-making. This indicator doesn't just draw trendlines; it intuitively detects, monitors, and evaluates key levels on your chart.
Auto Trendline Detector highlights bounce and breakout points in real time, with customizable bounce requirements, so you know when price action hits pivotal levels.
Get instant alerts and visual markers for each bounce or breakout, keeping you a step ahead in the market. Plus, the indicator provides detailed performance stats, so you can measure how effective each trendline move is, refining your strategy with data-backed insights. Simplify your trading with precision and confidence!"
Real time trendline detection
Shows all trendlines in realtime
Detects breakouts and bounces
Auto detects trendline breakouts and bounces
Set min. of touches required for a trendline
Set how many times price should have touched a trendline before it should be shown on your chart
Mono, Heatmap, Buy/Sell
Choose any of the color modes like mono, buy/sell, heatmap, delta or delta + volume
Alerts
Get an alert the moment a breakout or bounce happens
Mono, Heatmap, Buy/Sell
Choose any of the color modes like mono, buy/sell, heatmap, delta or delta + volume
Trendline detection
Advanced trendline detection
This indicator takes trendline detection to the next level with highly customizable settings, giving you full control over how trendlines are drawn and detected. Trendlines are created by connecting pivots
—these pivots are identified when a bar is the highest or lowest within a specified range of bars to the left and right. You have the flexibility to define the number of bars to the left (`x`) and right (`y`) to consider, allowing you to tailor the pivot sensitivity to your strategy.
2, 3 or more touches
Moreover, you can specify how many times the price must touch a trendline before it appears on the chart. For fast trendline display, you can set it to just two points, which is ideal for spotting emerging trends. However, for those who prefer a more robust confirmation, setting a minimum of three points ensures the trendline has been tested multiple times, providing a higher level of accuracy.
This advanced customization allows you to adapt the trendline detection to your specific trading approach, whether you prioritize speed or reliability. With this tool, you’ll be able to fine-tune the trendline parameters for the optimal balance between quick signal generation and dependable trend confirmation.
Realtime trendline bounce and breakout detection
Easy trade trendline breakouts
This advanced trendline breakout indicator provides a clear visual representation of breakouts on the chart, as demonstrated in the image. In the example shown, you can see a downwards trendline that has been tracked through a period of consolidation. When the price finally breaks through this trendline, a blue triangle appears, pointing upwards to indicate a bullish breakout.
This visual cue makes it easy to spot significant breakout points. The indicator highlights the exact moment when the breakout occurs, allowing you to react swiftly and confidently. Additionally, you can enable audible alerts to ensure you’re notified of every breakout, even if you’re focused elsewhere.
With this tool, you’ll gain the confidence to identify and act on trendline breakouts in real-time, enhancing your trading strategy.
Or trendline bounces
Experience precise trendline bounce detection with this advanced indicator, designed to highlight moments when the price reacts off a trendline. As shown in the example image, bounces are marked by a blue star (*) whenever the price touches an upward trendline and closes with a green bar, or touches a downward trendline and closes with a red bar.
These bounces provide powerful signals, helping you confirm trend strength or spot potential reversal points. This feature makes it easier to identify high-probability entries along the trendline, giving you a visual cue and adding confidence to your trading decisions.
With real-time detection of trendline bounces, you’ll gain the ability to anticipate price reactions and make timely trading moves.
Trendline breakout / bounce alerts
The indiator allows you to setup audible alerts for both trendline breakouts & bounces. Simply enable the alerts in the indicator settings, and optionally change the sound you want to have played when an alert is given
Bloodhound / Automated strategies
The big indicator exports 2 which you can use in Bloodhound*, Ninjascript or your automated strategies:
| Plot | Descripion |
|---|---|
| Breakout | This plot will give you a signal when a trendline breakout happens . +1 for a bullish breakout, -1 for a bearish breakout |
| Bounce | This plot will give you a signal when a bounce from a trendline happens . +1 for a bullish signal, -1 for a bearish signal |
Change log
- initial release.
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