Repainting Trendline Break & Retest

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✅ 1. Add the Script to Your Chart
Open your TradingView chart (5-minute or 15-minute is recommended).


✅ 2. Interpret the Trendlines
A green line is drawn upward from the latest swing low — this is support.

A red line is drawn downward from the latest swing high — this is resistance.

These lines repaint — they update every time a new potential swing is identified.

⚠️ They are not fixed; they're "live" trendlines — just like you'd manually adjust during active trading.

📈 Trading the Signals
🔼 Buy Setup (Long Entry)
Wait for a break above the red (resistance) trendline.

Then wait for a retest of that same trendline — price should come back near it within a small % (configurable).

When this happens, a green triangle and lime X will show below the candle.

✅ Interpretation: Price broke out and passed a "retest check" — bullish momentum is likely continuing.

🔽 Sell Setup (Short Entry)
Wait for a break below the green (support) trendline.

Then wait for a retest back to that broken support.

A red triangle and orange X will appear above the bar.

✅ Interpretation: Breakdown confirmed with a retest — potential short opportunity.

⚙️ Settings You Can Customize
Swing Length: Adjusts how far back to look for swing highs/lows. Default = 20.

Retest Tolerance: How close price must get to the trendline after a break to qualify as a retest. Default = 0.3%.

Try adjusting these if you:

Want tighter or looser confirmation

Trade different timeframes or volatility levels

🛎️ Bonus: Adding Alerts (Optional)
Want real-time alerts? You can add this in a few steps:

Click the "Alarm Clock" icon on the top bar.

Click "Create Alert".

In "Condition", choose:

Break Above, Break Below

or Retest Above, Retest Below





📊 Best Timeframes to Use
5-minute and 15-minute for scalping/intraday.

Can also be tested on 1h for swing entries.

ieri

Note di rilascio

📘 How to Use: Repainting Trendline Break & Retest Indicator
🔍 What It Does
This script automatically draws dynamic trendlines:

A support trendline from the most recent swing low.

A resistance trendline from the most recent swing high.

It then detects:

Breakouts of those trendlines.

Retests of the broken level (within a small tolerance).

Visually plots signals when both occur.

These are common signals used by professional traders to enter trend continuation trades after a breakout has been confirmed with a retest.

🧭 How to Use It on Trading View
✅ 1. Add the Script to Your Chart
Open your Trading View chart (5-minute or 15-minute is recommended).

✅ 2. Interpret the Trendlines
A green line is drawn upward from the latest swing low — this is support.

A red line is drawn downward from the latest swing high — this is resistance.

These lines repaint — they update every time a new potential swing is identified.

⚠️ They are not fixed; they're "live" trendlines — just like you'd manually adjust during active trading.

📈 Trading the Signals
🔼 Buy Setup (Long Entry)
Wait for a break above the red (resistance) trendline.

Then wait for a retest of that same trendline — price should come back near it within a small % (configurable).

When this happens, a green triangle and lime X will show below the candle.

✅ Interpretation: Price broke out and passed a "retest check" — bullish momentum is likely continuing.

🔽 Sell Setup (Short Entry)
Wait for a break below the green (support) trendline.

Then wait for a retest back to that broken support.

A red triangle and orange X will appear above the bar.

✅ Interpretation: Breakdown confirmed with a retest — potential short opportunity.

⚙️ Settings You Can Customize
Swing Length: Adjusts how far back to look for swing highs/lows. Default = 20.

Retest Tolerance: How close price must get to the trendline after a break to qualify as a retest. Default = 0.3%.

Try adjusting these if you:

Want tighter or looser confirmation

Trade different timeframes or volatility levels

🛎️ Bonus: Adding Alerts (Optional)
Want real-time alerts? You can add this in a few steps:

Click the "Alarm Clock" icon on the top bar.

Click "Create Alert".

In "Condition", choose:

Break Above, Break Below

or Retest Above, Retest Below

Choose how you want to be alerted (popup, email, webhook, app).

Hit "Create".

✅ Now you'll get notified every time a setup forms live.

📊 Best Timeframes to Use
5-minute and 15-minute for scalping/intraday.

Can also be tested on 1h for swing entries.