OPEN-SOURCE SCRIPT
Auto Trendlines
Auto Trendline – Indicator Description
The Auto Trendline indicator automatically draws trendlines based on recent swing highs and lows using pivot analysis. It helps traders quickly identify short-term and long-term market trends without manual drawing.
✅ Features:
Automatic drawing of trendlines based on pivot points (highs and lows)
Custom timeframe support: Use higher timeframe pivot data while working on lower charts
Trendlines update dynamically as new pivots are formed
Lines extend only to the current bar, keeping the chart clean
⚙️ How It Works:
The indicator detects recent swing highs and lows using pivot strength
Two most recent pivot points are connected to form each trendline:
Uptrend line from two higher lows
Downtrend line from two lower highs
Trendlines are redrawn as new pivots appear
The Auto Trendline indicator automatically draws trendlines based on recent swing highs and lows using pivot analysis. It helps traders quickly identify short-term and long-term market trends without manual drawing.
✅ Features:
Automatic drawing of trendlines based on pivot points (highs and lows)
Custom timeframe support: Use higher timeframe pivot data while working on lower charts
Trendlines update dynamically as new pivots are formed
Lines extend only to the current bar, keeping the chart clean
⚙️ How It Works:
The indicator detects recent swing highs and lows using pivot strength
Two most recent pivot points are connected to form each trendline:
Uptrend line from two higher lows
Downtrend line from two lower highs
Trendlines are redrawn as new pivots appear
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.