OPEN-SOURCE SCRIPT
Ichimoku Oscillator
Fans of the Ichimoku cloud indicator may enjoy this lower study version.
It's all the exact same representation but the cloud is converted to an oscillation in histogram or classic cloud fill formats.
All of the original lines, except Kumo cloud lines, are provided but adjusted to be positionally accurate to the oscillation values.
The oscillation value is calculated simply by absolute subtraction of span a and b lines and as such become an additional width detection mechanism in what I consider to be a slightly cleaner display.
Since the entire cloud can be removed from the main chart, it's necessary to understand price location relative to the values which is calculated and displayed as the 'Price' plot. It is positionally accurate to the oscillation and cross signals can be observed.
My hope is that this serves as a foundation for others to create interesting Ichimoku lower study indicators, and to provide relief to traders looking for cleaner main charts.
I've done my best to ensure accuracy but if any issues are found please let me know.
Feedback and suggestions are welcome, enjoy.
It's all the exact same representation but the cloud is converted to an oscillation in histogram or classic cloud fill formats.
All of the original lines, except Kumo cloud lines, are provided but adjusted to be positionally accurate to the oscillation values.
The oscillation value is calculated simply by absolute subtraction of span a and b lines and as such become an additional width detection mechanism in what I consider to be a slightly cleaner display.
Since the entire cloud can be removed from the main chart, it's necessary to understand price location relative to the values which is calculated and displayed as the 'Price' plot. It is positionally accurate to the oscillation and cross signals can be observed.
My hope is that this serves as a foundation for others to create interesting Ichimoku lower study indicators, and to provide relief to traders looking for cleaner main charts.
I've done my best to ensure accuracy but if any issues are found please let me know.
Feedback and suggestions are welcome, enjoy.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
@tradeseekers (YouTube, Twitter)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
@tradeseekers (YouTube, Twitter)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.