This is a custom Tradingview indicator that automatically plots ascending trend lines.
It will alert when the price closes below the trend line.
The concept is straightforward: the trend line is formed by two adjacent troughs when the price is in a uptrend. It will save a lot of time for people who uses trendline very often.
By deploying this indicator, should the condition meet, you don't need to draw the trend lines by hand anymore. You can also consider it as a trend line reminder.
It's also very easy to use, just load it on chart and set your desired inputs.
Features:
- Adjust the strength of the 2 troughs that form the trend line.
- Set price difference between two troughs in two variables: amount or percentage.
- Turn on/off the cross below alert.
- It works on all symbols and all timeframes.
- never paint
By using different inputs, you can easily filter out some unwanted trend lines.
There are two types of alert you can choose.
- When price cross below lower trendline
- When trendline is formed
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