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Tenkan Higher Time Frame by TheSocialCryptoClub

3447
Name: Tenkan HTF

Category: Indicator.

Timeframe: Any Timeframe

Description: Tenkan Higher Timeframe allows to visualise the Tenkan for the Current timeframe and one at a higher timeframe.

Suggested usage: Use on Daily to evaluate the Weekly Tenkan.

Technical Details: When the Tenkan changes direction, it is evaluated if the change is due to the creation of new highs or new lows - so what happened in the last candle, a symptom of strength or weakness - or if the change is due to the fact that the "outgoing" candle had lows or highs that were no longer present in the Tenkan period.

This indicator can also be used - by setting the appropriate period length - for the Kijun.

Credits:
- Technique has been explained by Corrado Rondelli.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.