//--------------------------------------------------//
//PRC_Broadening Formations Lines
//version = 0
//11.02.2025
//Iván González @ www.prorealcode.com
//Sharing ProRealTime knowledge
//--------------------------------------------------//
// Inputs
//--------------------------------------------------//
period=9 // Pivot Length
pivottype=1 // 1 means wicks // 0 means Body
MaxDist=40 // Max distance from line (%)
showpivots=0 //Show Pivot points
//--------------------------------------------------//
// Pivots High and Low
//--------------------------------------------------//
leftbars=period
rightbars=period//max(1,floor(period/2))
if pivottype then
src1 = low
src2 = high
else
src1 = min(open,close)
src2 = max(open,close)
endif
//---Pivots Low
if src1 > src1[rightbars] and lowest[rightbars](src1) > src1[rightbars] and src1[rightbars] < lowest[leftbars](src1)[rightbars+1] then
if $Type[z]=-1 and src1[rightbars]<$Py[z] then
$Py[z]=src1[rightbars]
$Px[z]=barindex[rightbars]
else
$Py[z+1]=src1[rightbars]
$Px[z+1]=barindex[rightbars]
$Type[z+1]=-1
z=z+1
endif
//y=(x-x1)*slope+y1
if $Py[z]<$Py[max(0,z-2)] then
$slope[z]=($Py[z]-$Py[max(0,z-2)])/($Px[z]-$Px[max(0,z-2)])
endif
endif
//---Pivots High
if src2 < src2[rightbars] and highest[rightbars](src2)<src2[rightbars] and src2[rightbars]>highest[leftbars](src2)[rightbars+1] then
if $Type[z]=1 and src2[rightbars]>$Py[z] then
$Py[z]=src2[rightbars]
$Px[z]=barindex[rightbars]
else
$Py[z+1]=src2[rightbars]
$Px[z+1]=barindex[rightbars]
$Type[z+1]=1
z=z+1
endif
//y=(x-x1)*slope+y1
if $Py[z]>$Py[max(0,z-2)] then
$slope[z]=($Py[z]-$Py[max(0,z-2)])/($Px[z]-$Px[max(0,z-2)])
endif
endif
if islastbarupdate and showpivots then
for i=z downto 3 do
drawpoint($Px[i],$Py[i],4)coloured("blue",50)
next
endif
//--------------------------------------------------//
// Draw trendlines
//--------------------------------------------------//
//Up Trendline
if islastbarupdate then
crossedline=0
for i=z downto 4 do
if $Type[i-1]=1 and $Type[i-3]=1 then
if $Py[i-1]>$Py[i-3] then
x1=$Px[i-3]
y1=$Py[i-3]
for j=$Px[i-1]+1 to barindex do
x2=j
y2=y1+(x2-x1)*$slope[i-1]
if close[barindex-j]>y2 then
drawsegment(x1,y1,x2,y2)coloured("orange")style(dottedline2,2)
crossedline=1
break
endif
next
if crossedline=0 and (y2/close-1)*100<MaxDist then
drawsegment(x1,y1,x2,y2)coloured("red")style(line,2)
endif
endif
endif
next
endif
//Down Trendline
if islastbarupdate then
crossedline=0
for i=z downto 4 do
if $Type[i-1]=-1 and $Type[i-3]=-1 then
if $Py[i-1]<$Py[i-3] then
x1=$Px[i-3]
y1=$Py[i-3]
for j=$Px[i-1]+1 to barindex do
x2=j
y2=y1+(x2-x1)*$slope[i-1]
if close[barindex-j]<y2 then
drawsegment(x1,y1,x2,y2)coloured("orange")style(dottedline2,2)
crossedline=1
break
endif
next
if crossedline=0 and (close/y2-1)*100<MaxDist then
drawsegment(x1,y1,x2,y2)coloured("green")style(line,2)
endif
endif
endif
next
endif
return
.
