█ OVERVIEW
This indicator as an educational and showcase the usage of user-defined types or objects (UDT) for Ichimoku Kinko Hyo or Ichimoku Cloud.
█ CREDITS
TradingView
Exponentially Deviating Moving Average (MZ EDMA) is derived from Exponential Moving Average to predict better exit in top reversal case.
EDMA Philosophy
EDMA is calculated in following steps:
In first step, Exponentially expanding moving line is calculated with same code as of EMA but with different smoothness (1 instead of 2).
In 2nd step, Exponentially...
This Indicator enhances functionality of Chikou-Span from Ichimoku Cloud using a simple trend filter.
Methodology
Chikou is basically close value of ticker offset to close and it is a good for indicating if close value has crossed potential Support/Resistance zone from past. Chikou is usually used with 26 period.
Chikou filter uses a lookback length...
