OPEN-SOURCE SCRIPT
Jackfx Trendlines Machine
Jackfx Trendlines Machine
The Jackfx Trendlines Machine is an advanced, automated technical analysis tool designed to eliminate the subjectivity and noise associated with manual trendline drawing. Built for traders who rely on structural breakouts and retests, this indicator dynamically identifies high-probability zones by filtering out volatile market spikes.
Core Mechanics
Instead of relying on standard candlestick wicks, the indicator calculates major market pivots using background Heikin Ashi (HA) data. Because Heikin Ashi averages price action, the resulting swing highs and lows represent true structural turning points rather than momentary liquidity sweeps. The indicator then connects these definitive pivots on your standard candlestick chart to draw accurate, objective trendlines.
Key Features
Noise-Free Pivot Detection: By sourcing high/low pivots from Heikin Ashi data, the indicator ignores "fakeout" wicks, anchoring trendlines strictly to validated market structure.
Dynamic Auto-Drawing: The script automatically isolates the two most recent and significant swing highs (for downtrends) and swing lows (for uptrends), connecting them and projecting the line forward to anticipate future touches.
ATR-Filtered Breakouts: To protect against false breakouts, the indicator incorporates an Average True Range (ATR) buffer. A breakout signal (indicated by visual triangles) is only generated when the price closes across the trendline with sufficient momentum.
Retest Validation: The extended trendlines act as forward-looking support and resistance levels. When a breakout occurs, traders can use the extended lines to stalk high-probability retest entries.
Customizable Sensitivity: Users can adjust the "Pivot Length" inputs to tailor the indicator to their trading style. Lower values plot minor, short-term trendlines, while higher values isolate major, macro-structural trendlines.
Ideal Use Case
This tool is highly effective for price action traders looking to automate their structural analysis. It excels in identifying clean breakout setups and providing objective zones for pullback/retest entries across all timeframes.
The Jackfx Trendlines Machine is an advanced, automated technical analysis tool designed to eliminate the subjectivity and noise associated with manual trendline drawing. Built for traders who rely on structural breakouts and retests, this indicator dynamically identifies high-probability zones by filtering out volatile market spikes.
Core Mechanics
Instead of relying on standard candlestick wicks, the indicator calculates major market pivots using background Heikin Ashi (HA) data. Because Heikin Ashi averages price action, the resulting swing highs and lows represent true structural turning points rather than momentary liquidity sweeps. The indicator then connects these definitive pivots on your standard candlestick chart to draw accurate, objective trendlines.
Key Features
Noise-Free Pivot Detection: By sourcing high/low pivots from Heikin Ashi data, the indicator ignores "fakeout" wicks, anchoring trendlines strictly to validated market structure.
Dynamic Auto-Drawing: The script automatically isolates the two most recent and significant swing highs (for downtrends) and swing lows (for uptrends), connecting them and projecting the line forward to anticipate future touches.
ATR-Filtered Breakouts: To protect against false breakouts, the indicator incorporates an Average True Range (ATR) buffer. A breakout signal (indicated by visual triangles) is only generated when the price closes across the trendline with sufficient momentum.
Retest Validation: The extended trendlines act as forward-looking support and resistance levels. When a breakout occurs, traders can use the extended lines to stalk high-probability retest entries.
Customizable Sensitivity: Users can adjust the "Pivot Length" inputs to tailor the indicator to their trading style. Lower values plot minor, short-term trendlines, while higher values isolate major, macro-structural trendlines.
Ideal Use Case
This tool is highly effective for price action traders looking to automate their structural analysis. It excels in identifying clean breakout setups and providing objective zones for pullback/retest entries across all timeframes.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.