Trend Drawing + OB Signal (MTF) [ASCII]

Script Description: Advanced Multi-Timeframe Trend Lines & OB/OS Signal [ASCII]
Overview
This advanced Pine Script indicator is designed to identify and project key support and resistance levels using pivot-based trend lines across multiple timeframes. It combines this powerful trend analysis with a sophisticated Overbought/Oversold (OB/OS) detection system using CCI and Bollinger Bands, providing clear trading signals with integrated alert functionality.

Key Features
1. Multi-Timeframe Trend Lines

Automated Pivot Detection: Automatically identifies significant swing highs and lows based on user-defined left/right bar parameters

Smart Timeframe Adaptation: Uses different sensitivity settings for each timeframe (15min to 1Week) for optimal pivot detection

Dynamic Line Projection: Draws trend lines connecting the two most recent pivots and extends them forward

Flexible Source Selection: Choose between Close price, Wick extremes, or Auto mode (Auto uses Wick for higher timeframes, Close for lower timeframes)

2. Advanced OB/OS Detection System

Dual Indicator Confirmation: Combines CCI momentum and Bollinger Band position for reliable signals

Customizable Parameters: Adjustable CCI length, OB/OS thresholds, and Bollinger Band settings

Bar Confirmation Option: Optional wait-for-close confirmation to avoid false signals

Visual Markers: Clear triangle markers above/below bars for quick signal identification

3. Timeframe Support

Available Timeframes: 15min, 30min, 1h, 2h, 4h, 8h, 12h, 1D, 1W

Independent Settings: Custom left/right bar parameters for each timeframe

Automatic Adaptation: Script automatically applies the correct settings for your current chart timeframe

Input Parameters
Trend Lines Configuration

Left/Right Bars: Defines the pivot detection sensitivity for each timeframe

Line Length: Controls how far trend lines extend into the future

Line Source: Choose between Close, Wick, or Auto selection

Colors: Customizable support/resistance line colors

OB/OS Signal Settings

CCI Parameters: Length and OB/OS thresholds

Bollinger Bands: Length and multiplier for band width

Plot Options: Toggle OB markers and bar confirmation

Signal Logic
OB UP Signal (Short Bias)

Conditions: CCI ≥ OB threshold AND Close ≥ Upper Bollinger Band

Marker: Red triangle down above bar

Alert Direction: SHORT

OB DOWN Signal (Long Bias)

Conditions: CCI ≤ OS threshold AND Close ≤ Lower Bollinger Band

Marker: Green triangle up below bar

Alert Direction: LONG

Alert System
The script includes pre-formatted JSON alerts for external integration:

Structured data format with symbol, timeframe, direction, and signal type

Secret key for authentication (replace "MY_SECRET" with your actual key)

Compatible with webhook services and custom alert handlers

Usage Tips
Timeframe Selection: Use higher timeframes (4H-Daily) for major levels, lower timeframes for precise entries

Parameter Tuning: Adjust left/right bars based on market volatility - increase for smoother trends, decrease for more reactive lines

Confirmation: Combine trend line breaks with OB/OS signals for high-probability setups

Risk Management: Always use proper stop losses - trend lines indicate potential areas, not guaranteed reversals

Technical Notes
Built with Pine Script v6

Maximum 200 lines/labels to maintain performance

Works on all asset types (forex, stocks, crypto)

Optimized for real-time and historical analysis

This script provides institutional-grade trend analysis with retail-friendly signals, making complex multi-timeframe analysis accessible to traders of all experience levels.

This description covers all the technical aspects while being accessible for users.