OPEN-SOURCE SCRIPT
Kıvanç HL by MaviliM0732
Kıvanç HL indicator is a useful tool to define RESISTANCE and SUPPORT levels by analyzing previous HIGH and LOW levels od fibonacci lengths.
There are 3 lines HIGH, LOW and their exact average MID line.
Each line could be a significant support and resistance level due to the price action.
Breakouts are very important when supported by volume and new highs are expected when upward breakouts take place.
Version 2 has 4 more levels of lines calculated with Fibonacci constants between the HIGH and LOW lines.
Version 2 can be activated by cheching the box in the settings of the indicator.
Special thanks from me to MaviliM for developing such a great indicator and giving my name
creator: @mavilim0732 on twitter
There are 3 lines HIGH, LOW and their exact average MID line.
Each line could be a significant support and resistance level due to the price action.
Breakouts are very important when supported by volume and new highs are expected when upward breakouts take place.
Version 2 has 4 more levels of lines calculated with Fibonacci constants between the HIGH and LOW lines.
Version 2 can be activated by cheching the box in the settings of the indicator.
Special thanks from me to MaviliM for developing such a great indicator and giving my name
creator: @mavilim0732 on twitter
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.