Ichimoku Cloud Distance

An alternative way to look at the Ichimoku Cloud with various modes:

Distance to Center: the various lines of the Ichimoku system are displayed as the distance to the center of the cloud in percentage terms. 0 is the center of the cloud.
Distance to Edge: lines are displayed as the distance to the closest edge of the cloud in percentage terms. values inside the cloud are displayed as 0.
Hybrid: values outside of the cloud behave as the 'Distance to Edge' mode, values inside behave as 'Distance to Center' mode. The values outside the cloud are scaled by the supplied scale factor in order to make things more readable. Best value for this scale factor is chart/timeframe dependent. The interval from -1 to 1 is equivalent to the bottom and top of the cloud respectively; 0 is the center.

The background color is the color of the cloud.

Notas de Lançamento

New and improved "timeframe-dependent" scaling method for hybrid mode and cloud thickness
Added TK cross indicator
Changed cloud thickness to display as a fill rather than a line
Removed background color by default

Notas de Lançamento

updated script to plot future cloud thickness

Script de código aberto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

NgUTech

Aviso legal

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Script de código aberto

For quick access on a chart, add this script to your favorites — learn more here.

NgUTech