OPEN-SOURCE SCRIPT
Trendlines [KTY]
[KTY] Trendlines
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Automatically draws trendlines by connecting Higher Lows (uptrend) and Lower Highs (downtrend) pivots.
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๐ FEATURES
- Auto-Detection
- Connects rising lows for bullish trendlines (green)
- Connects falling highs for bearish trendlines (red)
- Visual Extension
- Solid line: confirmed trendline
- Dotted line: projected extension
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ HOW TO USE
- Bullish trendline support โ Higher chance of upward move
- Bearish trendline resistance โ Higher chance of downward move
- Trendline break โ Check for potential trend reversal
- Multiple trendlines at same level โ Stronger zone
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก TIPS
- Higher timeframe trendlines are more reliable
- Watch for confluence with S/R levels
- Volume spike on break increases validity
- Use with other indicators for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Automatically draws trendlines by connecting Higher Lows (uptrend) and Lower Highs (downtrend) pivots.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ FEATURES
- Auto-Detection
- Connects rising lows for bullish trendlines (green)
- Connects falling highs for bearish trendlines (red)
- Visual Extension
- Solid line: confirmed trendline
- Dotted line: projected extension
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ HOW TO USE
- Bullish trendline support โ Higher chance of upward move
- Bearish trendline resistance โ Higher chance of downward move
- Trendline break โ Check for potential trend reversal
- Multiple trendlines at same level โ Stronger zone
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก TIPS
- Higher timeframe trendlines are more reliable
- Watch for confluence with S/R levels
- Volume spike on break increases validity
- Use with other indicators for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
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.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.