NeoButane

TRY Me - Turkish Lira Quote Currency Divergences

This is a conceptual indicator that converts the main chart series' quote currency from U.S. dollar to Turkish Lira. Should only be used with USD pairs unless you change the 'Pair' input.

Divergences are created by the difference in price due to the incredible changes in TRY value. The candle colors turn to grey when the forex exchange is closed; this is done to show you that the quote currency value won't change.

Support and resistance levels are also possible to be drawn.

Options to configure are changing the quote pair, colors, and turning the divergences on or off.



Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

Is it based on USD correlation of TRYUSD and USD-based pair? Thanks.
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How to show support and resistance lines ?
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NeoButane RameshAkula
@RameshAkula, I drew them, I haven't added plot lines (yet)
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RameshAkula NeoButane
@NeoButane, ok, thanks
Reply
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