You know how drawing trend lines manually can be time consuming, subjective, and let’s face it, sometimes a bit of a headache. You’re trying to connect those pivot highs and lows, watching for resistance and support levels, and sometimes those lines just don’t seem to fit. Then there is the challenge of keeping track of when a trend line is breached. Well, say goodbye to those manual trendline problems. I found a new indicator on TradingView that will do all the work for you. This tool is called the Trendline Pivot, and it automates the process, ensuring consistency and accuracy, all while saving you valuable time.
It not only identifies and draws the trend lines for you but it also alerts you when price levels breach a trend line. Plus, it even differentiates between active and breached trend lines by changing the line format. So stay tuned because in this article, I will show you how to use this indicator correctly to start making profits from any market.
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So, how can we add this Trendline Pivot indicator to the chart? Simply click on the indicators and search for the Trendline Pivot tool by QuantView. The Trendline Pivot indicator is a tool that automatically draws and identifies downward and upward trend lines. These trend lines originate from and connect pivot highs or pivot lows. They serve as potential points of resistance for downward trend lines and support for upward trend lines within the market.
Once a trend line is identified, it continues to be drawn and progresses with the price until one of two conditions is met. The first condition is when the price closes above a downward trend line or below an upward trend line. When this happens, an X is displayed, signaling that resistance or support has been broken. The second condition is when the trend line reaches a user-defined maximum length. When the price closes above a downward trend line or below an upward trend line, the trend line transforms into a dashed format, allowing for clear differentiation from active, non-breached trend lines.
The Trendline Pivot indicator is fully customizable. You can modify line colors, pivot length, and the number of lines you wish to see on the chart. You can also set the maximum line length. If, for example, you set this number to 100, the trend line will disappear if it doesn’t get broken after 100 bars. The indicator works on any timeframe and in any market.
There are various strategies you can try with this tool. For instance, you can buy when an upward trend line is breached. A trendline breakout to the upside indicates strong bullish momentum. Conversely, you can sell when a downward trend line is broken. Just like it happened right here. By the way, we’re currently looking at Bitcoin on a five-minute chart. You can even use the higher timeframe to confirm the signals given in the current one. For example, we had a buy signal in the five-minute chart, but if we look at the four-hour chart, we see the trend reverses, so definitely not the best time to buy.
Another strategy you can try with this tool is a pullback to trendline strategy. This one involves buying the stock when the price bounces off the lower trend line without breaching it. In this case, you would buy somewhere…
EzAlgo Indicators Link – https://www.ezalgo.co/?ref=tradeiq
Hello sir, is there a thinkorswim version available? thanks.
Even believing there exists an "always profitable strategy" tells me that you do not understand the core issue of game theory.
Today, i have seen, will try .
But looks, good.
of course, helpful, but like all indicators not always work, get the false break outs, that's the trouble.. so always best used with something else..
Love from UK. It's been an exciting experience trading with the help of Zane the Crypto specialist trader. I've been able to clear my debts and pay for my wife chemotherapy all thanks to Zane. God bless you Sir.
Paired with RSI it works wonders. Thank you friend!!!👌👍
what is up with all these spam bots in every stock related videos
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Is there a single real fucking comment
Amazing video
Thanks for your information.
Looks really solid, i’ll give it a try!
Zane Omar is a scammer.
Very interesting thank you
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I built some free indicators that are KILLLLER, i have a video on my channel with links to them if you want to give them a whirl.
Please indecator agressive scalper stratygy
love your vids mate, so helpful. keep growing 🙂
Nice content you've got there, I'm thankful to have met Mrs. Rosalia Marrone , at that time of my life, took a risk and she proved to me that it was really worth it, you've changed my whole life and I'll continue to preach about your name for the world to hear, Saving me from a huge financial debt with just little investment is much of a big deal, thanks so much Mrs.Rosalia Marrone .
can you please tell us which indicator is best for gold ? also time frame
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I am looking for guidance on how i would use the two indicators from this video, to create a Pine Script. Then i could. "Add to Chart" in TradingView and gather even more data. I'm guessing i copy and paste each's source code and figure it out. I am ok doing that as I am web developer by trade (pun accidental) but curious what others might say. So far, using these two and manually drawing like you do in the video, it's looking really promising!
One of the better trendline indicators imo I have tried most of them on tradingview. Cheers
BACKTESTING?
thanksa lot 👍🌺
Once you learn trendlines it takes seconds
I have a great deal of admiration for your work, my friend, because you are guiding people in the right direction. Recently, I have learned that it is essential to stay calm, especially when it comes to investing in cryptocurrency. If Bitcoin can sustain its current highs, we may experience some relief rallies across the markets, which would be beneficial. The crypto market is volatile, and it is difficult to predict whether it will go bullish or bearish. While my colleagues and I are trading confidently and making profits, others are patiently waiting for prices to skyrocket. Ultimately, it depends on the strategy you follow. Thanks to the daily trade signals and strategies from Laurel Dell Sroufe, I was able to accumulate a lot of profit. I started with 13BTC and now have 30BTC!
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.
I don’t see the same thing using the Trendline Pivot indicator. The solid trend lines are missing and the indicator is not appearing with historical data
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Bro these bots
Where is your old videos?
Logan's brilliant indications and good trading signals have helped my trading mission as I make over >78,000$ in profits. I appreciate Logan's hard work in ensuring I make profits weekly.
Nice video bro.