Kijen Sen Independent Line of Ichimoku Trading System
Many traders in the financial markets use Ichimoku components to detect trends, which is why I published this indicator.
A Full version of Ichimoku Kinko Hyo with many features ...
Features :
- Ichimoku Default Lines
- Settings for Shift all of Ichimoku Lines
- 52, 103, 108, 216 Periods Line
- Future TenkanSen, Kijunsen & Kumo Clouds
- 9/26/52 Cycle Counter
- Optimized for Pine Script 5
This is a trend analysis indicator based on Ichimoku
this indicator splits the chart into :
"Buy Phase" where KijunSen > TenkanSen with "Green color"
"Sell Phase" where KijunSen < TenkanSen with "Red color"
"Cross Phase" where KijunSen = TenkanSen
Close of each candle above or below KijunSen and TenkanSen determine the strength of the trend
and is shown by 3...
The TKD is the distance between the Tenkan-Sen and the Kijun-Sen, expressed in percentage of current price. The further apart the tenken-sen and kijun-sen are, the more they want to snap back together. This makes for a decent oscillator. When the Tenkan-Sen is above the Kijun-Sen, the TKD is green. When it is below, the TKD is red. At the crossing points, it turns...
![BTCUSDT: Ichimoku+QualityLine+DirectionLine+TenkanSenShift[netguard]](https://s3.tradingview.com/o/OygjjhDB_mid.png "Ichimoku+QualityLine+DirectionLine+TenkanSenShift[netguard]")
