This is a auto trend I found in a file I had on my google drive. I don't know who made it.
The Ascend Trading Auto-Trendline Script does the following:
- Plots anywhere from 1-8 Trendlines depending on user’s preference selected in the scripts settings.
- The most current Trendline will be solid WHITE. Historical Trendlines will be on the chart as dashed lines.
- When a new Trendline is detected, the old one becomes dashed and remain for reference. The color of each line can be changed in the scripts settings.
- Plots a CYAN colored arrow either pointing Up or Down depending on if the candle closed above or below the current solid trendline. This annotates the point at which the trend was broken. When this happens you will also get an Audible
- Alert message with a sound saying “Possible Breakout” or “Possible Breakdown”. The arrow color can be changed and the audible alert can be disabled and messaged change if you wish.
- Displays a box at top left of chart giving you either a RED box saying “Below Current Trend” or a GREEN box saying
- “Above Current Trend”. This allows for fast reference to see where the ticker is at in its trend continuation.
thinkScript Code
Code:
#Auto Trendline
declare upper;
#################################################
# Defining High, Low and Pivot Points
#################################################
def Hi = high;
def Lo = low;
def P1H = (Hi > Hi[1] or (Hi > Hi[2] and Hi == Hi[1])) and Hi > Hi[-1];
def P1L = (Lo < Lo[1] or (Lo < Lo[2] and Lo == Lo[1])) and Lo < Lo[-1];
def lastBar = HighestAll(if !IsNaN(close) then BarNumber() else 0);
def Piv1h = if P1H[1] then 1 else Piv1h[1] + 1;
def Piv1l = if P1L[1] then 1 else Piv1l[1] + 1;
def PivN1h = fold m = 1 to lastBar with a = Double.NaN while IsNaN(a) do if GetValue(P1H, -m) then -m else Double.NaN;
def PivN1l = fold n = 1 to lastBar with b = Double.NaN while IsNaN(b) do if GetValue(P1L, -n) then -n else Double.NaN;
def prevPivhigh = GetValue(Hi, Piv1h);
def prevPivlow = GetValue(Lo, Piv1l);
def nextPivhigh = GetValue(Hi, PivN1h);
def nextPivlow = GetValue(Lo, PivN1l);
def P2H = Hi > prevPivhigh and Hi > nextPivhigh;
def P2L = Lo < prevPivlow and Lo < nextPivlow;
def p2x2 = P2H and P2L;
def Piv2h = if P2H[1] then 1 else Piv2h[1] + 1;
def Piv2l = if P2L[1] then 1 else Piv2l[1] + 1;
def PivN2h = fold o = 1 to lastBar with c = Double.NaN while IsNaN(c) do if GetValue(P2H, -o) then -o else Double.NaN;
def PivN2l = fold p = 1 to lastBar with d = Double.NaN while IsNaN(d) do if GetValue(P2L, -p) then -p else Double.NaN;
def NextP2H = if PivN2h > PivN2l then 1 else Double.NaN;
def NextP2L = if PivN2l > PivN2h then 1 else Double.NaN;
def NextP2Both = if PivN2h == PivN2l then 1 else Double.NaN;
def PrevP2H = Piv2h < Piv2l;
def PrevP2L = Piv2l < Piv2h;
def PrevP2Both = Piv2h == Piv2l;
def nearLow = if P2L and PrevP2H then Lo else nearLow[1];
def AL0 = if P2L and PrevP2L and Lo > nearLow then 1 else Double.NaN;
def AL1 = if P2L and NextP2L and GetValue(Lo, PivN2l) <= Lo then 1 else Double.NaN;
def AL2 = if p2x2 and PrevP2L and Lo > GetValue(Lo, Piv2l) then 1 else Double.NaN;
def AL3 = if P2L and PrevP2Both and !NextP2H and Lo > GetValue(Lo, Piv2l) then 1 else Double.NaN;
def AL4 = if P2L and PrevP2L and Lo > GetValue(Lo, Piv2l) then 1 else Double.NaN;
def AL5 = if P2L and PrevP2H and NextP2Both and Lo > GetValue(Lo, PivN2l) and GetValue(Hi, PivN2h) < GetValue(Hi, Piv2h) then 1 else Double.NaN;
def A2L = P2L and IsNaN(AL0) and IsNaN(AL1) and IsNaN(AL2) and IsNaN(AL3) and IsNaN(AL4) and IsNaN(AL5);
def recentHigh = if P2H and PrevP2L then Hi else recentHigh[1];
def AH0 = if P2H and PrevP2H and Hi < recentHigh then 1 else Double.NaN;
def AH1 = if P2H and NextP2H and GetValue(Hi, PivN2h) >= Hi then 1 else Double.NaN;
def AH2 = if p2x2 and PrevP2H and Hi < GetValue(Hi, Piv2h) then 1 else Double.NaN;
def AH3 = if P2H and PrevP2Both and !NextP2L and Hi < GetValue(Hi, Piv2h) then 1 else Double.NaN;
def AH4 = if P2H and PrevP2H and Hi < GetValue(Hi, Piv2h) then 1 else Double.NaN;
def AH5 = if P2H and PrevP2L and NextP2Both and Hi < GetValue(Hi, PivN2h) and GetValue(Lo, PivN2l) > GetValue(Lo, Piv2l) then 1 else Double.NaN;
def A2H = P2H and IsNaN(AH0) and IsNaN(AH1) and IsNaN(AH2) and IsNaN(AH3) and IsNaN(AH4) and IsNaN(AH5);
def PPH = if A2H[1] then 1 else PPH[1] + 1;
def PPL = if A2L[1] then 1 else PPL[1] + 1;
def HighLow = if A2L and Lo > GetValue(Lo, PPL) then 1 else Double.NaN;
def LowHigh = if A2H and Hi < GetValue(Hi, PPH) then 1 else Double.NaN;
def PivTime = if !IsNaN(HighLow) or !IsNaN(LowHigh) then PivTime[1] + 1 else PivTime[1];
#################################################
# Trend Line End Numbers
#################################################
def end1 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) then BarNumber() else 0;
def end2 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) - 1 then BarNumber() else 0;
def end3 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) - 2 then BarNumber() else 0;
def end4 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) - 3 then BarNumber() else 0;
def end5 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) - 4 then BarNumber() else 0;
def end6 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) - 5 then BarNumber() else 0;
def end7 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) - 6 then BarNumber() else 0;
def end8 = if (!IsNaN(HighLow) or !IsNaN(LowHigh)) and PivTime == HighestAll(PivTime) - 7 then BarNumber() else 0;
#################################################
# Trend Line Start Numbers
#################################################
def start1 = if end1 and !IsNaN(HighLow) then end1 - PPL else if end1 and !IsNaN(LowHigh) then end1 - PPH else 0;
def start2 = if end2 and !IsNaN(HighLow) then end2 - PPL else if end2 and !IsNaN(LowHigh) then end2 - PPH else 0;
def start3 = if end3 and !IsNaN(HighLow) then end3 - PPL else if end3 and !IsNaN(LowHigh) then end3 - PPH else 0;
def start4 = if end4 and !IsNaN(HighLow) then end4 - PPL else if end4 and !IsNaN(LowHigh) then end4 - PPH else 0;
def start5 = if end5 and !IsNaN(HighLow) then end5 - PPL else if end5 and !IsNaN(LowHigh) then end5 - PPH else 0;
def start6 = if end6 and !IsNaN(HighLow) then end6 - PPL else if end6 and !IsNaN(LowHigh) then end6 - PPH else 0;
def start7 = if end7 and !IsNaN(HighLow) then end7 - PPL else if end7 and !IsNaN(LowHigh) then end7 - PPH else 0;
def start8 = if end8 and !IsNaN(HighLow) then end8 - PPL else if end8 and !IsNaN(LowHigh) then end8 - PPH else 0;
#################################################
# Price Data
#################################################
def price1 = HighestAll(if end1 and A2L then GetValue(Lo, end1 - start1) else if end1 and A2H then GetValue(Hi, end1 - start1) else 0);
def price2 = HighestAll(if end2 and A2L then GetValue(Lo, end2 - start2) else if end2 and A2H then GetValue(Hi, end2 - start2) else 0);
def price3 = HighestAll(if end3 and A2L then GetValue(Lo, end3 - start3) else if end3 and A2H then GetValue(Hi, end3 - start3) else 0);
def price4 = HighestAll(if end4 and A2L then GetValue(Lo, end4 - start4) else if end4 and A2H then GetValue(Hi, end4 - start4) else 0);
def price5 = HighestAll(if end5 and A2L then GetValue(Lo, end5 - start5) else if end5 and A2H then GetValue(Hi, end5 - start5) else 0);
def price6 = HighestAll(if end6 and A2L then GetValue(Lo, end6 - start6) else if end6 and A2H then GetValue(Hi, end6 - start6) else 0);
def price7 = HighestAll(if end7 and A2L then GetValue(Lo, end7 - start7) else if end7 and A2H then GetValue(Hi, end7 - start7) else 0);
def price8 = HighestAll(if end8 and A2L then GetValue(Lo, end8 - start8) else if end8 and A2H then GetValue(Hi, end8 - start8) else 0);
def price01 = HighestAll(if end1 and A2L then Lo else if end1 and A2H then Hi else 0);
def price02 = HighestAll(if end2 and A2L then Lo else if end2 and A2H then Hi else 0);
def price03 = HighestAll(if end3 and A2L then Lo else if end3 and A2H then Hi else 0);
def price04 = HighestAll(if end4 and A2L then Lo else if end4 and A2H then Hi else 0);
def price05 = HighestAll(if end5 and A2L then Lo else if end5 and A2H then Hi else 0);
def price06 = HighestAll(if end6 and A2L then Lo else if end6 and A2H then Hi else 0);
def price07 = HighestAll(if end7 and A2L then Lo else if end7 and A2H then Hi else 0);
def price08 = HighestAll(if end8 and A2L then Lo else if end8 and A2H then Hi else 0);
#################################################
# Defining Trend Line
#################################################
script trendLine
{
input startBar = 0;
input startPrice = 0;
input endBar = 0;
input endPrice = 0;
input leftExt = 0;
input rightExt = 0;
input limitRight = no;
def TrendV = (endPrice - startPrice) / (endBar - startBar);
def NewBar = BarNumber() - endBar;
plot TheTrend; if !limitRight then {TheTrend = if BarNumber() >= startBar - leftExt then endPrice + NewBar * TrendV else Double.NaN;} else {TheTrend = if BarNumber() > endBar + rightExt or BarNumber() < startBar - leftExt then Double.NaN else endPrice + NewBar * TrendV;}
}
#################################################
# Trend Lines
#################################################
input howManyTrendLinesMax_8 = 4;
plot Trend1 = trendline(HighestAll(start1), price1, HighestAll(end1), price01, 5, no);
Trend1.SetDefaultColor(Color.WHITE);
Trend1.SetStyle(Curve.FIRM);
plot Trend2 = trendline(HighestAll(start2), price2, HighestAll(end2), price02, 5, no);
Trend2.setDefaultColor(color.WHITE);
Trend2.SetStyle(Curve.SHORT_DASH);
Trend2.SetHiding(howManyTrendLinesMax_8 < 2);
plot Trend3 = trendline(HighestAll(start3), price3, HighestAll(end3), price03, 5, no);
Trend3.SetDefaultColor(color.WHITE);
Trend3.SetStyle(Curve.SHORT_DASH);
Trend3.SetHiding(howManyTrendLinesMax_8 < 3);
plot Trend4 = trendline(HighestAll(start4), price4, HighestAll(end4), price04, 5, no);
Trend4.SetDefaultColor(color.WHITE);
Trend4.SetStyle(Curve.SHORT_DASH);
Trend4.SetHiding(howManyTrendLinesMax_8 < 4);
plot Trend5 = trendline(HighestAll(start5), price5, HighestAll(end5), price05, 5, no);
Trend5.SetDefaultColor(color.WHITE);
Trend5.SetStyle(Curve.SHORT_DASH);
Trend5.SetHiding(howManyTrendLinesMax_8 < 5);
plot Trend6 = trendline(HighestAll(start6), price6, HighestAll(end6), price06, 5, no);
Trend6.SetDefaultColor(color.WHITE);
Trend6.SetStyle(Curve.SHORT_DASH);
Trend6.SetHiding(howManyTrendLinesMax_8 < 6);
plot Trend7 = trendline(HighestAll(start7), price7, HighestAll(end7), price07, 5, no);
Trend7.SetDefaultColor(color.WHITE);
Trend7.SetStyle(Curve.SHORT_DASH);
Trend7.SetHiding(howManyTrendLinesMax_8 < 7);
plot Trend8 = trendline(HighestAll(start8), price8, HighestAll(end8), price08, 5, no);
Trend8.SetDefaultColor(color.WHITE);
Trend8.SetStyle(Curve.SHORT_DASH);
Trend8.SetHiding(howManyTrendLinesMax_8 < 8);
#################################################
# Arrows
#################################################
input showArrows = yes;
#Up Arrows
plot DownArrow1 = Trend1 > Trend1[1] and close crosses below Trend1;
DownArrow1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
DownArrow1.SetDefaultColor(color.CYAN);
DownArrow1.SetLineWeight(5);
DownArrow1.SetHiding(!showArrows);
#Down Arrows
plot UpArrow1 = Trend1 < Trend1[1] and close crosses above Trend1;
UpArrow1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
UpArrow1.SetDefaultColor(color.CYAN);
UpArrow1.SetLineWeight(5);
UpArrow1.SetHiding(!showArrows);
#################################################
# Display Box
#################################################
input ShowDisplayBox = yes;
AddLabel(ShowDisplayBox, " ->", color.DARK_GRAY);
AddLabel(ShowDisplayBox, if close > Trend1 then "Above Current Trend" else "Below Current Trend", if close > Trend1 then color.GREEN else color.RED);
AddLabel(ShowDisplayBox, "<- ", color.DARK_GRAY);
#################################################
# Alerts
#################################################
input AudibleAlerts = yes;
Alert(AudibleAlerts and UpArrow1, GetSymbol() + " Possible Breakout.", Alert.BAR, Sound.Bell);
Alert(AudibleAlerts and DownArrow1, GetSymbol() + " Possible Breakdown.", Alert.BAR, Sound.Bell);
Shareable Link
https://tos.mx/XXmcKk
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