MULTIPLE TIME FRAME version of KIVANÇ HL Indicator:
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
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 publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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