### Dynamic Trend Lines This indicator dynamically identifies swing highs and swing lows based on the user-defined `Swing Length`. It then connects these points to create trend lines that visualize the market's direction and key support/resistance levels.
### Customizable Settings - **Swing Length**: Define the sensitivity for detecting swing highs and lows. - **Points Required to Draw Trend**: Specify the minimum number of swing highs or lows required to establish a valid trend line. - **Show Old Trends**: Toggle the visibility of previous trend lines to focus on the current market structure. - **Line Appearance**: Customize the color, style (`solid`, `dotted`, `dashed`), and width of both trend and support lines.
### Trend Break Detection - Automatically detects and highlights when the price breaks above a high trend line or below a low trend line. - The broken trend line changes its color to indicate a trend break, helping traders quickly identify significant market shifts.
### Continuous Updates - As new swing highs or lows are detected, the indicator updates existing trend lines or creates new ones, ensuring relevance in dynamic market conditions. - Trend lines extend into the future, projecting potential areas of interest for traders.
## Benefits:
1. **Enhanced Market Visualization**: - Provides a clear view of market trends, swing points, and potential reversal zones.
3. **Fully Customizable**: - Adjust settings to suit your trading style and strategy, ensuring compatibility with various markets and timeframes.
4. **Real-Time Adaptation**: - Automatically adapts to changing market conditions, maintaining accuracy and relevance.
## Use Cases: - **Trend Following**: Identify and trade in the direction of established trends. - **Breakout Trading**: Spot trend breaks and capitalize on momentum shifts. - **Support and Resistance Analysis**: Use trend lines to identify key levels where price may react.
This indicator is an essential tool for traders seeking to combine technical precision with visual clarity in their analysis.
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