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 protetto
Questo script è pubblicato con codice protetto, ma puoi comunque usarlo gratuitamente. Mettendolo tra i preferiti potrai applicarlo al grafico, senza però la possibilità di visualizzare o modificare il codice sorgente.
Vuoi usare questo script sui tuoi grafici?
Declinazione di responsabilità
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