Tenkan Higher Time Frame by TheSocialCryptoClub

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.