OPEN-SOURCE SCRIPT
Trendlines [KTY]
[KTY] Trendlines
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
Automatically draws trendlines by connecting Higher Lows (uptrend) and Lower Highs (downtrend) pivots.
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📊 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
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✅ HOW TO USE
- Bullish trendline support → Higher chance of upward move
- Bearish trendline resistance → Higher chance of downward move
- Trendline break → Check for potential trend reversal
- Multiple trendlines at same level → Stronger zone
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 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
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⚠️ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
Automatically draws trendlines by connecting Higher Lows (uptrend) and Lower Highs (downtrend) pivots.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📊 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
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
✅ HOW TO USE
- Bullish trendline support → Higher chance of upward move
- Bearish trendline resistance → Higher chance of downward move
- Trendline break → Check for potential trend reversal
- Multiple trendlines at same level → Stronger zone
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 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
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.