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How to detect the trend using only 3 lines

charlygarcia120 profile image Carlos Alberto Updated on ・1 min read

How to draw 3 lines in a chart using Pine language from tradingview:

//@version=4
study("Line", overlay=true)
L = line.new(bar_index, high, bar_index[10], low[10], width = 2)
line.delete(L[1])
M = line.new(bar_index, high, bar_index[30], low[30], width = 2)
line.delete(M[1])
N = line.new(bar_index, high, bar_index[60], low[60], width = 2)
line.delete(N[1])
line.set_color(L,color=color.green)  // la linea mas corta
line.set_color(M,color=color.red)   // la mediana
line.set_color(N,color=color.blue)  // la linea mas larga


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The result is like in the next graph:
Graficando tres lineas de las ultimas pendientes en trading view

Explanation:

The shortest line is green (10 candles)
The medium line is red (30 candles)
The largest line is blue(60 candles)

How to Use ?

You need to identify the slope of every line and the respective moment or the value of the trend in a forex instrument graph.
And using the slope you can program more complex algorithms, to make decisions about buy or sell.

Use this code in your programs and let us to know.

Thanks for read

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