Trend Table ZeeZeeMon

Multi-Timeframe Trend Indicator
Overview
This indicator identifies trends across multiple higher timeframes and displays them in a widget on the right side of the chart. It serves as an alternative trend-filtering tool, helping traders align with the dominant market direction. Unlike traditional moving average-based trend detection (e.g., price above/below a 200 MA), this indicator assesses whether higher timeframes are genuinely trending by analyzing swing highs and lows.

Trend Definition
Uptrend: Higher highs and higher lows.

Downtrend: Lower highs and lower lows.

A trend reversal occurs when a prior high/low is breached (e.g., in a downtrend, breaking the last high signals an uptrend).

Customization Options
Lookback Period: Adjusts the sensitivity for identifying swing highs/lows (pivot points). A shorter lookback detects more frequent pivots.

Historical Pivot Visibility: Toggle to display past swing highs/lows for verification.

Support/Resistance Lines: Show dynamic levels from recent pivots on higher timeframes. Breaching these lines indicates potential trend changes.

Purpose
Helps traders:

Confirm higher timeframe trends before entering trades.

Monitor proximity to trend reversals.

Fine-tune pivot sensitivity for optimal trend detection.

Note: Works best as a supplementary trend filter alongside other trading strategies.