Automatic Trend Line

Trend Line.png
Trend Line.png

Automatic Trend Line

300.00

This script will automatically draw trend lines for you, and will extend out the lines to predict further trends. It is extremely powerful for watching when a stock is breaking out and away from what it has been doing. The color of the candle will turn blue if the stock is breaking DOWN through support into a new trend lower than the one it is currently in, and it will turn orange if the stock is breaking UP and switching to a more positive trend. This is good for looking at moving support and resistance levels and tell you right away if a stock will hold that trend.

In the options, you can set a trend ratio that will break the stock down into different levels of trends. A high trend ratio will result in trend channels that better suit someone scalping the stock. A low trend ratio is better for people looking at more broad trends.

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