Trendlines Oscillator

Trendlines Oscillator measures momentum from market structure instead of price averages. It builds bullish and bearish support and resistance trendlines from pivot swings, measures how far price has pulled away from each side, and normalizes those distances into two dueling momentum plots scaled 0 to 100. The green line tracks buyer strength over support; the red line tracks seller pressure under resistance; a signal line with crossing dots times the handoffs between them.

How to Trade the Trendlines Oscillator?

• Green above red: buyers dominate. Price is holding well clear of its support trendlines.
• Red above green: sellers control the tape, with price pressing toward resistance.
• Dots at signal-line crossings: momentum has just shifted; use them as entry or exit confirmation within your plan.

Under the hood the pipeline is systematic: detect pivot highs and lows, connect them into trendlines, take the price-to-line distances, normalize between 0 and 100, then smooth. Because structure feeds the math directly, the reading reflects the actual battle between support and resistance rather than an average of closes.

Trendlines Oscillator Settings

• Length: the size of market structure used for trendline detection; larger values capture broader trends, smaller ones react to short-term moves.
• Memory: how many trendlines stay in the calculation; higher smooths signals for longer-term analysis, lower quickens reactions.
• Source (default close): the price input.
• Data Smoothing and Signal Smoothing: method and length for the momentum values and the signal line, with up to 10 smoothing methods available.

Frequently Asked Questions

Can I tune the Trendlines Oscillator for scalping?

How does it differ from the Trendlines with Breaks Oscillator?

How do I get the Trendlines Oscillator?