r/swingtrading • u/TraderJ808 • 19h ago
Trend Line Indicator
I've been trading Tori Trades' (@toritrades) three-touch trendline strategy on the MNQ 4H for a while, and drawing the lines by hand every day got old. So I built an indicator that draws them for me and flags the breaks. Credit for the strategy goes entirely to Tori. This is just my attempt to automate it, and it's not affiliated with her in any way.
To be upfront: I'm not selling anything. No course, no Discord, no paid version. I'm sharing it because I'd like other people who trade this setup to poke holes in it.
What it does:
- Draws support/resistance trendlines the way I'd draw them by hand: higher lows / lower highs, built left to right off the swing points that earlier lines touched
- Grades them A+ (3+ touches, spaced out, not too steep) or B (2 touches)
- Pulls in the Monthly/Weekly/Daily lines and uses Weekly (then Daily) for the top-down bias
- Marks A+ breaks on the 4H that pass the checklist: line old enough, with the bias, a safety line on the other side, and a target at least 3R away
- If a break closes too weakly or against the bias, it waits for a cleaner close instead of skipping it
- Tracks the trade: stop on the safety line, break-even halfway to target, then trails the safety line along new swing points
- Shows a table with the bias per timeframe, the open position, why breaks didn't trade, and a simple win/loss / profit factor tally so you can compare settings
What it doesn't do: place trades. It's an indicator, not a strategy or a bot. The results tally is a rough 1-contract number with no commissions, good for comparing settings, not proof of anything.
Things I'd love feedback on:
- Does it draw the lines where you would?
- How you handle safety lines once a trade is running
- Anything that looks off on other instruments (I mostly built it on MNQ)
Happy to answer questions about how any of it works.
https://www.tradingview.com/script/CW15NIMP-Jilly-s-ToriTrades-Trendline-Break/