OPEN-SOURCE SCRIPT

Daily Trend Lines and hidden levels

Overview
This enhanced version of the Daily Trend Lines indicator combines intraday trend visualization with historical price level analysis. It identifies and displays strong support and resistance levels based on previous price action while maintaining the original daily trend tracking functionality.
Key Features
1. Daily Trend Tracking

    1. Monitors and displays intraday price movements
    2. Updates trend lines in real-time
    3. Connects daily open price to current high and low
    4. Color-coded visualization (green for highs, red for lows)


2. Strong Level Analysis

  • Analyzes historical price data to identify significant levels
  • Uses adaptive threshold for level identification
  • Considers both high and low points
  • Displays persistent price levels across multiple days


3. Customization Options

  • Adjustable lookback period for historical analysis
  • Configurable strength threshold for level identification
  • Customizable colors and line styles
  • Adjustable line widths and visualization parameters

Pernyataan Penyangkalan