VIP price: $89 This is a Permanent access license, please provide your Tradingview ID along with your payment.
This is a custom Tradingview indicator that automatically plots descending trend lines above price bars. It will alert when the price closes above the trend line.
The concept is straightforward: the trend line is formed by two adjacent peaks when the price is in a downtrend. It will save a lot of time for people (just like me) who uses trendline often.
By deploying this indicator, should the condition meet, you don't need to draw the trend lines by hand anymore. You can also consider it as a trend line reminder.
It's also very easy to use, just load it on chart and set your desired inputs.
A detailed instruction will show you how to properly adjust each input.
By using different inputs, you can easily filter out some unwanted trend lines.
For example, in the chart below, the first 2 trend lines on the left side consist of 2 peaks which had very small price difference. Those 2 trend lines are nearly flat.
You can also load more than one of this auto trend line detector, such as one for long term and another one for short term trend. Just like the chart shown in below, the aqua trend line is a longer term compared to the red ones.
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