Development of Enhanced Dual Technical Indicators for Trading View

Project Title: Development of Enhanced Dual Technical Indicators for Trading View

Project Overview:
We are looking to hire a freelancer to develop two enhanced technical indicators for financial trading platforms. These indicators will use an ATR (Average True Range) based system to dynamically determine pivot points and will include horizontal support and resistance lines with customizable visual elements.

Indicator 1: Breakout/Breakdown with Support/Resistance
Purpose:
• To signal potential breakouts or breakdowns and to visually represent support and resistance based on ATR-defined pivots.

Specifications:
• Input:
o Historical price data including open, high, low, close (OHLC).
o RSI values corresponding to each candle.
o ATR values calculated over a user-specified period.
• Logic:
o Pivot Identification:
 A new pivot high/low is established if the current candle's high/low exceeds the previous pivot by a multiple of the ATR.
o Breakout/Breakdown:
 Same logic as described in the previous document, confirming with RSI.
o Support and Resistance (Horizontal Lines):
 Support: Horizontal line at each pivot low, extending across the chart.
 Resistance: Horizontal line at each pivot high, extending across the chart.
 Lines for lower highs and higher lows (connecting trends) will also be marked.
• Visual Customization:
o User inputs to customize:
 Color of the lines (support, resistance, lower highs, higher lows).
 Fill color between support and resistance levels for better visualization of trading ranges.
• Output:
o Visual signals for breakouts/breakdowns.
o Horizontal lines on both price and RSI charts at pivot points.
o Filled areas between support and resistance for price action context.

Indicator 2: Diagonal Trendline with Support/Resistance
Purpose:
• To visualize trend direction with diagonal trendlines and to incorporate support and resistance from pivot points, both on price and RSI charts.

Specifications:
• Input:
o Same as Indicator 1.
• Logic:
o Diagonal Trendlines: As described in the previous document, but now with visual support from horizontal lines.
o Horizontal Lines: At the same pivot points used for trendlines, providing clear support and resistance levels.
• Visual Customization:
o Similar user inputs for line and fill colors as in Indicator 1.
• Output:
o Diagonal trendlines on price and RSI charts.
o Horizontal support and resistance lines at pivot points.
o Filled areas for additional visual cues on trends and price action.

Technical Requirements:
• Compatibility:
o Must work with common trading platforms, TradingView,.
• Performance:
o Real-time updates with minimal lag.
• User Interface:
o Customizable settings for ATR period, multiplier, and visual elements.
o Toggle visibility for different components.
• Code Quality:
o Well-commented for clarity, especially regarding pivot calculation and visualization.

Deliverables:
1. Code Implementation for both indicators, compatible with the chosen platform.