blackcat1402

[blackcat] L3 Trendline LTF

Level: 3

Background

Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.

Function

This is a noval low time frame ( LTF ) trendline which was inquired from TradingView community. "How to draw a trendline in lower time frame based on higher time frame trend? "
1. Trendlines indicate the best fit of some data using a single line or curve.
2. A single trendline can be applied to a chart to give a clearer picture of the trend.
3. Trendlines can be applied to the highs and the lows to create a channel.
4. The time period being analyzed and the exact points used to create a trendline vary from trader to trader.

Remarks

Free but closed sourced.

The drawing may fail if your current resolution is already in large time frame.
If the trendline is not drawn but you can see the red resistance and green support dashed lines, please drag the the chart to the left unitl you see the yellow solid trend line appears.
版本注释: Add powerful Fibonacci levels as well
版本注释: Adjust Fibo level linewith for better view
版本注释: correct backbars default value

Donate TRC20 USDT to below address, 5USDT per monthly sub, 50USDT per yearly sub: TNz84MjJTWUUUyQFpPNjaAU7J2SwhJJ7j9
Note: USDT_TRC20 deposits sent from decentralized exchanges are not yet supported.
受保护脚本
该脚本是闭源发布的,您可以自由使用它。您可以收藏它以在图表上使用。您无法查看或修改其源代码。
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