OPEN-SOURCE SCRIPT
Trend and Trendline Detector
Trend and Trendline Detector
Overview
The Trend and Trendline Detector indicator provides both major and minor trend analysis using Simple Moving Averages (SMA) and automatically plots dynamic support and resistance trendlines based on pivot highs and lows.
Key Features
- Major Trend Detection: Uses a configurable SMA to determine primary market direction.
- Minor Trend Visualization: Optional minor SMA with color-coded line segments to mark smaller trend fluctuations.
- Dynamic Pivot Trendlines: Automatically detects pivot highs/lows and draws major (solid) and minor (dashed) trendlines, with user-controlled extension modes.
- Customizable Inputs: User can adjust SMA lengths, pivot look back/look forward periods, line extend mode, and toggle features on/off.
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.