OPEN-SOURCE SCRIPT

Constant Auto Trendlines (Extended Right)

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📈 Constant Auto Trendlines (Extended Right)

This indicator automatically detects market structure by connecting swing highs and lows with permanent, forward-projecting trendlines.
Unlike standard trendline tools that stop at the last pivot, this version extends each trendline infinitely into the future — helping traders visualize where price may react next.

🔍 How It Works

The script identifies pivot highs and lows using user-defined left/right bar counts.
When a new lower high or higher low appears, the indicator draws a line between the two pivots and extends it forward using extend.right.
Each new confirmed trendline stays fixed, creating a historical map of structure that evolves naturally with market action.

Optional filters:

Min Slope – ignore nearly flat trendlines

Show Latest Only – focus on the most relevant trendline

Alerts – get notified when price crosses the most recent uptrend or downtrend line

🧩 Why It’s Useful

This tool helps traders:

Spot emerging trends early

Identify dynamic support/resistance diagonals

Avoid redrawing trendlines manually

Backtest structure breaks historically

⚙️ Inputs

Pivot Left / Right bars

Min slope threshold

Line color, width, and style

Show only latest line toggle

Alert options

면책사항

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