Ichimoku Cloud w/ Helpers

Ichimoku Cloud w/ Helpers is your standard Ichimoku Cloud indicator with two additions.

Checkout TradingView's write up on the Ichimoku Cloud here.

The two additions added to this indicator are described below:
1 — A box is drawn centered on the current bar and stretching a length equal to the 'Senkou Span B Period'.
• The box encompasses the highest high and lowest low in that period.
2 — Two new lines are added.
• Green Line: Projection from the Lagging Line (Chikou Span) to the Span A line, indicating historical price action relative to future projected support/resistance.
• Red Line: Projection from the Kijun-sen (Base Line) to the Span B line, indicating medium-term trend direction relative to future projected support/resistance.

Use cases:
• The Box is simply a visual cue to draw your eye towards the area that the Ichimoku Cloud is currently attempting to analyze: Past, Present and Future.
• The green and red lines add a way to interpret the sentiment:
• Diverging Lines with Green Above Red --> Interpret as Bullish Sentiment
• Converging Lines with Green Crossing Above Red --> Interpret as Bullish reversal or strengthening
• Converging Lines with Green Crossing Below Red --> Interpret as Bearish reversal or weakening.
• Diverging Lines with Red Above Green --> Interpret as Bearish Sentiment
• Converging Lines with Red Crossing Below Green --> Interpret as Bullish reversal or weakening bearish trend.

Current limitations:
• Under settings -> Styles, the plotted lines don't allow the colors to be changed. A bug I'm trying to figure out.

Bugs?
Kindly report any issues you run into and I'll try to fix them promptly.
Thank you!

Note di rilascio

Added a Locked Lagging line that creates a cross with Lagging to Span A line to further help with trend analysis. Also added options in settings to change line colors.

Note di rilascio

Added circles overlaid on the TK crossover points. They can be turned on or off, and you can change the color to differentiate between crossing up and crossing down.

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.

vtdarkhorse

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.

vtdarkhorse