PROTECTED SOURCE SCRIPT
TRBO Auto Trendlines
TRBO Auto Trendlines is trend following indicator.
The script identifies swing highs and swing lows in price data.
It connects these points to draw trend lines, representing upward or downward trends.
Support and Resistance Levels:
Trend lines act as diagonal support or resistance levels according to SMA , helping traders anticipate potential price reactions.
Users can configure settings like lookback periods, sensitivity, and minimum pivot strength to fine-tune trend line accuracy.
Advantages of the Script
Saves time by automating trend line drawing.
Consistency in detecting trend lines based on predefined rules.
Reduces subjectivity compared to manual trend line analysis.
Limitations
May not capture complex or subtle market structures.
Requires parameter adjustments for different timeframes or assets.
The script identifies swing highs and swing lows in price data.
It connects these points to draw trend lines, representing upward or downward trends.
Support and Resistance Levels:
Trend lines act as diagonal support or resistance levels according to SMA , helping traders anticipate potential price reactions.
Users can configure settings like lookback periods, sensitivity, and minimum pivot strength to fine-tune trend line accuracy.
Advantages of the Script
Saves time by automating trend line drawing.
Consistency in detecting trend lines based on predefined rules.
Reduces subjectivity compared to manual trend line analysis.
Limitations
May not capture complex or subtle market structures.
Requires parameter adjustments for different timeframes or assets.
Script protegido
Este script é publicado como de código fechado e você pode usá-lo livremente. Você pode favoritá-lo para utilizá-lo em um gráfico. Você não pode visualizar ou modificar seu código fonte.
Quer usar esse script no gráfico?
Aviso legal
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