Trend Line

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © HPotter 15/03/2023
////////////////////////////////////////////////////////////
// The indicator draws a trend line indicating the trend at the current moment and show  it is resistance or support.
////////////////////////////////////////////////////////////
// ------------------------------------------------------------------------------------------------
// Original author:  HPotter
// Original title:   Trend Line
// Licence:          MPL-2.0 (the header above is the original notice, kept verbatim)
// Pine version:     5
// Fetched:          2026-10-12
// Ported to FloScript by FloSignals; modifications under MPL-2.0.
// Converter:        @flosignals/floscript 0.1.0, strict mode, score 100/100
// ------------------------------------------------------------------------------------------------
//@floscript=1
//@version=5
indicator("Trend Line", shorttitle="TL", overlay=true)
Length = input.int(25, title="Length", tooltip="Overall length of market analysis")
var Green = color.new(color.green, 0)
var Red = color.new(color.red, 0)
var Work = false
var line lineLevel = na
var label labelName = na
if barstate.islastconfirmedhistory or barstate.isrealtime
    Work := true
Points = ta.sma(hl2[1], Length)
clr = close[1] > Points ? Green : Red
line.delete(lineLevel)
lineLevel := line.new(bar_index - Length * 2, Points[Length * 2 - 1], bar_index, Points[1], color=clr)
label.delete(labelName)
trendLineIs = close[1] > Points ? "Support" : "Resistance"
_x = time + math.round(ta.change(time) * 10)
labelName := label.new(x=_x, y=Points[1], text=trendLineIs, color=color.new(#000000, 100), textcolor=clr, size=size.small, style=label.style_label_left, xloc=xloc.bar_time, yloc=yloc.price)

This file is under the Mozilla Public License 2.0; it is a port of the original by HPotter, with the original licence header kept and the changes made for FloScript noted in the file.

• v22026-10-14

  Library refresh 2026-10-14

• v12026-10-12

  Library refresh 2026-10-12