Trendlines

Trendlines with Breaks

This indicator automatically draws sloping trendlines from recent swing highs and swing lows, and marks the moment price breaks through them.

How it works:

A down-sloping line (red) is drawn from each swing high and acts as resistance.
An up-sloping line (teal) is drawn from each swing low and acts as support.
The line slope is calculated from market volatility, so it adapts to each symbol and timeframe.
A Break arrow appears when price closes beyond a trendline.

What’s unique in this version:

A Break Buffer makes price clear the line by a set amount of ATR before a break is marked. This helps cut weak, false breakouts.

Settings:

Swing Detection Lookback: how many bars are used to confirm a swing point. Higher values give fewer, more significant lines.
Slope: makes the lines steeper or flatter.
Slope Calculation Method: ATR, Standard Deviation, or Linear Regression.
Break Buffer: use 0 for every break, or higher for stronger confirmation.
Colors: choose your own trendline colors.

How to use it:

A green arrow after a close above the red line suggests a bullish breakout.
A red arrow after a close below the teal line suggests a bearish breakdown.
Combine with volume, support/resistance, or a higher-timeframe trend for confirmation.

Note: Lines are drawn in real time and swing points are confirmed after the lookback period, so signals are never repainted.