OPEN-SOURCE SCRIPT
Updated Tenkansen&Kijunsen Lines
You can see 2 sections on this script
1. Kijunsen Lines Section
Basicly calculated by adding the highest high and the lowest low over the past 26 periods and dividing the result by two.
Kijunsen Lines section has 4 lines
a. 60 Minutes Kijunsen
b. 240 Minutes Kijunsen
c. 1 Day Kijunsen
d. 1 Week Kijunsen
You can see all 4 kijunsen at all periods.
2. Tenkansen Lines Section
Basicly calculated by adding the highest high and the highest low over the past nine periods and then dividing the result by two
Tenkansen Lines section has 4 lines
a. 60 Minutes Tenkansen
b. 240 Minutes Tenkansen
c. 1 Day Tenkansen
d. 1 Week Tenkansen
You can see all 4 tenkansen at all periods.
With this you can see 4 kijunsen and 4 tenkansen lines without changing periods. (May have some calculating problems. Because of different candle systems.)
This indicator has 2 functions
A. Support Function
All kijunsen and all tenkansen lines has support function.
B. Resistance Function
All kijunsen and all tenkansen lines has resistance function.
1. Kijunsen Lines Section
Basicly calculated by adding the highest high and the lowest low over the past 26 periods and dividing the result by two.
Kijunsen Lines section has 4 lines
a. 60 Minutes Kijunsen
b. 240 Minutes Kijunsen
c. 1 Day Kijunsen
d. 1 Week Kijunsen
You can see all 4 kijunsen at all periods.
2. Tenkansen Lines Section
Basicly calculated by adding the highest high and the highest low over the past nine periods and then dividing the result by two
Tenkansen Lines section has 4 lines
a. 60 Minutes Tenkansen
b. 240 Minutes Tenkansen
c. 1 Day Tenkansen
d. 1 Week Tenkansen
You can see all 4 tenkansen at all periods.
With this you can see 4 kijunsen and 4 tenkansen lines without changing periods. (May have some calculating problems. Because of different candle systems.)
This indicator has 2 functions
A. Support Function
All kijunsen and all tenkansen lines has support function.
B. Resistance Function
All kijunsen and all tenkansen lines has resistance function.
Release Notes
v5Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.