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Ichimoku Theories [LuxAlgo]The Ichimoku Theories indicator is the most complete Ichimoku tool you will ever need. Four tools combined into one to harness all the power of Ichimoku Kinkō Hyō. This tool features the following concepts based on the work of Goichi Hosoda: Ichimoku Kinkō Hyō: Original Ichimoku indicator with its five main lines and kumo. Time Theory: automatic time cycle identification and forecasting to understand market timing. Wave Theory: automatic wave identification to understand market structure. Price Theory: automatic identification of developing N waves and possible price targets to understand future price behavior. 🔶 ICHIMOKU KINKŌ HYŌ Ichimoku with lines only, Kumo only and both together Let us start with the basics: the Ichimoku original indicator is a tool to understand the market, not to predict it, it is a trend-following tool, so it is best used in trending markets. Ichimoku tells us what is happening in the market and what may happen next, the aim of the tool is to provide market understanding, not trading signals. The tool is based on calculating the mid-point between the high and low of three pre-defined ranges as the equilibrium price for short (9 periods), medium (26 periods), and long (52 periods) time horizons: Tenkan sen: middle point of the range of the last 9 candles Kinjun sen: middle point of the range of the last 26 candles Senkou span A: middle point between Tankan Sen and Kijun Sen, plotted 26 candles into the future Senkou span B: midpoint of the range of the last 52 candles, plotted 26 candles into the future Chikou span: closing price plotted 26 candles into the past Kumo: area between Senkou pans A and B (kumo means cloud in Japanese) The most basic use of the tool is to use the Kumo as an area of possible support or resistance. 🔶 TIME THEORY Current cycles and forecast Time theory is a critical concept used to identify historical and current market cycles, and use these to forecast the next ones. This concept is based on the Kihon Suchi (translating to "Basic Numbers" in Japanese), these are 9 and 26, and from their combinations we obtain the following sequence: 9, 17, 26, 33, 42, 51, 65, 76, 129, 172, 200, 257 The main idea is that the market moves in cycles with periods set by the Kihon Suchi sequence. When the cycle has the same exact periods, we obtain the Taito Suchi (translating to "Same Number" in Japanese). This tool allows traders to identify historical and current market cycles and forecast the next one. 🔹 Time Cycle Identification Presentation of 4 different modes: SWINGS, HIGHS, KINJUN, and WAVES . The tool draws a horizontal line at the bottom of the chart showing the cycles detected and their size. The following settings are used: Time Cycle Mode: up to 7 different modes Wave Cycle: Which wave to use when WAVE mode is selected, only active waves in the Wave Theory settings will be used. Show Time Cycles: keep a cleaner chart by disabling cycles visualisation Show last X time cycles: how many cycles to display 🔹 Time Cycle Forecast Showcasing the two forecasting patterns: Kihon Suchi and Taito Suchi The tool plots horizontal lines, a solid anchor line, and several dotted forecast lines. The following settings are used: Show time cycle forecast: to keep things clean Forecast Pattern: comes in two flavors Kihon Suchi plots a line from the anchor at each number in the Kihon Suchi sequence. Taito Suchi plot lines from the anchor with the same size detected in the anchored cycle Anchor forecast on last X time cycle: traders can place the anchor in any detected cycle 🔶 WAVE THEORY All waves activated with overlapping The main idea behind this theory is that markets move like waves in the sea, back and forth (making swing lows and highs). Understanding the current market structure is key to having realistic expectations of what the market may do next. The waves are divided into Simple and Complex. The following settings are used: Basic Waves: allows traders to activate waves I, V and N Complex Waves: allows traders to activate waves P, Y and W Overlapping waves: to avoid missing out on any of the waves activated Show last X waves: how many waves will be displayed 🔹 Basic Waves The three basic waves The basic waves from which all waves are made are I, V, and N I wave: one leg moves V wave: two legs move, one against the other N wave: Three legs move, push, pull back, and another push 🔹 Complex Waves Three complex waves There are other waves like P wave: contracting market Y wave: expanding market W wave: double top or double bottom 🔶 PRICE THEORY All targets for the current N wave with their calculations This theory is based on identifying developing N waves and predicting potential price targets based on that developing wave. The tool displays 4 basic targets (V, E, N, and NT) and 3 extended targets (2E and 3E) according to the calculations shown in the chart above. Traders can enable or disable each target in the settings panel. 🔶 USING EVERYTHING TOGETHER Please DON'T do this. This is not how you use it Now the real example: Daily chart of Nasdaq 100 futures (NQ1!) with our Ichimoku analysis Time, waves, and price theories go together as one: First, we identify the current time cycles and wave structure. Then we forecast the next cycle and possible key price levels. We identify a Taito Suchi with both legs of exactly 41 candles on each I wave, both together forming a V wave, the last two I waves are part of a developing N wave, and the time cycle of the first one is 191 candles. We forecast this cycle into the future and get 22nd April as a key date, so in 6 trading days (as of this writing) the market would have completed another Taito Suchi pattern if a new wave and time cycle starts. As we have a developing N wave we can see the potential price targets, the price is actually between the NT and V targets. We have a bullish Kumo and the price is touching it, if this Kumo provides enough support for the price to go further, the market could reach N or E targets. So we have identified the cycle and wave, our expectations are that the current cycle is another Taito Suchi and the current wave is an N wave, the first I wave went for 191 candles, and we expect the second and third I waves together to amount to 191 candles, so in theory the N wave would complete in the next 6 trading days making a swing high. If this is indeed the case, the price could reach the V target (it is almost there) or even the N target if the bulls have the necessary strength. We do not predict the future, we can only aim to understand the current market conditions and have future expectations of when (time), how (wave), and where (price) the market will make the next turning point where one side of the market overcomes the other (bulls vs bears). To generate this chart, we change the following settings from the default ones: Swing length: 64 Show lines: disabled Forecast pattern: TAITO SUCHI Anchor forecast: 2 Show last time cycles: 5 I WAVE: enabled N WAVE: disabled Show last waves: 5 🔶 SETTINGS Show Swing Highs & Lows: Enable/Disable points on swing highs and swing lows. Swing Length: Number of candles to confirm a swing high or swing low. A higher number detects larger swings. 🔹 Ichimoku Kinkō Hyō Show Lines: Enable/Disable the 5 Ichimoku lines: Kijun sen, Tenkan sen, Senkou span A & B and Chikou Span. Show Kumo: Enable/Disable the Kumo (cloud). The Kumo is formed by 2 lines: Senkou Span A and Senkou Span B. Tenkan Sen Length: Number of candles for Tenkan Sen calculation. Kinjun Sen Length: Number of candles for the Kijun Sen calculation. Senkou Span B Length: Number of candles for Senkou Span B calculation. Chikou & Senkou Offset: Number of candles for Chikou and Senkou Span calculation. Chikou Span is plotted in the past, and Senkou Span A & B in the future. 🔹 Time Theory Show Time Cycle Forecast: Enable/Disable time cycle forecast vertical lines. Disable for better performance. Forecast Pattern: Choose between two patterns: Kihon Suchi (basic numbers) or Taito Suchi (equal numbers). Anchor forecast on last X time cycle: Number of time cycles in the past to anchor the time cycle forecast. The larger the number, the deeper in the past the anchor will be. Time Cycle Mode: Choose from 7 time cycle detection modes: Tenkan Sen cross, Kijun Sen cross, Kumo change between bullish & bearish, swing highs only, swing lows only, both swing highs & lows and wave detection. Wave Cycle: Choose which type of wave to detect from 6 different wave types when the time cycle mode is set to WAVES. Show Time Cycles: Enable/Disable time cycle horizontal lines. Disable for better performance. how last X time cycles: Maximum number of time cycles to display. 🔹 Wave Theory Basic Waves: Enable/Disable the display of basic waves, all at once or one at a time. Disable for better performance. Complex Waves: Enable/Disable complex wave display, all at once or one by one. Disable for better performance. Overlapping Waves: Enable/Disable the display of waves ending on the same swing point. Show last X waves: 'Maximum number of waves to display. 🔹 Price Theory Basic Targets: Enable/Disable horizontal price target lines. Disable for better performance. Extended Targets: Enable/Disable extended price target horizontal lines. Disable for better performance.
Indicador Pine Script®
por LuxAlgo
41
Ichimoku Alert Indicator Buy Sell Please Take Trade as per your own risk. Hi, this my new script which show you correct Ichimoku signals, when price exit cloud. SELL SIGNAL: - red line below blue - green line below price - price exit cloud bottom - price below 3 EMA's! BUY SIGNAL: - red line above blue - green line above price - price exit cloud upper - price above 3 EMA's! You can change ichimoku parameters and input 3 EMA's. If u dont want use any of the EMA's then input 1 into them. Comments
Indicador Pine Script®
por mularamgodara
2
Options Series - Ichimoku Cloud and HalfTrend The provided script combines two powerful technical indicators, Ichimoku Cloud and HalfTrend, to create a hybrid trading tool. Here's an analysis of the key components and how they work together: Ichimoku Cloud and HalfTrend ⭐ 1. Indicator Title and Settings: The script sets the title as "Options Series - Ichimoku Cloud and HalfTrend" and uses the overlay=true option to display the indicators directly on the price chart. ⭐ 2. Color Definitions: Several colors are defined for later use: Green and Red for different types of candles and signals. Fluorescent Colors for highlighting significant trends or changes in market conditions. ⭐ 3. Ichimoku Cloud Setup: The Ichimoku Cloud is a comprehensive indicator used to identify support, resistance, and trend direction. Here’s how the script configures it: Conversion Periods, Base Periods, Lagging Span 2 Periods, and Displacement are customizable via input options, giving flexibility to adjust Ichimoku settings based on different market conditions. The function donchian(len) calculates the Donchian Channel average, which is used to define the Conversion Line and Base Line. The crossover of these lines is crucial in determining bullish or bearish trends. Color Logic for Kijun Cross: If the Conversion Line is above the Base Line, the trend is bullish (green color), while a bearish trend is indicated by red. A neutral condition is marked with orange. ⭐ 4. HalfTrend Indicator Setup: The HalfTrend indicator detects trend reversals based on high/low price deviations from a moving average: Amplitude and Channel Deviation inputs allow users to control the sensitivity of the indicator. showArrows and showChannels toggle the display of buy/sell arrows and trend channels. maxLowPrice and minHighPrice variables are initialized to track significant high/low points during the trend, used to confirm trend reversals. ⭐ 5. ATR and Trend Calculations: The Average True Range (ATR) is used to calculate the volatility-based channels. The script calculates atr2 and uses this to create atrHigh and atrLow for plotting the channel. The trend detection logic is as follows: When the trend is upward, the script seeks confirmation by comparing the high moving average with previous lows, signaling a continuation of the uptrend if it holds. Conversely, a downtrend is confirmed when the low moving average exceeds previous highs. ⭐ 6. Customized Candle Coloring: A custom color scheme is applied to candles based on a combination of trend direction and Ichimoku Cloud signals: GreenFluorescent for strong bullish conditions where price is above the HalfTrend line, and the Conversion Line is above the Base Line. RedFluorescent for strong bearish conditions, with price below the HalfTrend line and Conversion Line below the Base Line. Gray for neutral or indecisive conditions. ⭐ 7. Plots and Shapes: The script plots various elements: HalfTrend Line: The main trendline is plotted in either green (buy) or red (sell), with adjustable line width. Ichimoku Base Line: This is plotted with the dynamic color based on crossovers. Buy/Sell Arrows: These are drawn on the chart when valid buy/sell conditions are met. Custom Candles: The script overrides default chart candles with custom-colored candles based on the previously discussed logic. ⭐ 8. Improvements: Optimization: Parameters like the amplitude, channel deviation, and Ichimoku periods can be fine-tuned based on backtesting results to maximize performance for specific assets or timeframes. Alerts: The script could be enhanced by adding alert conditions for real-time buy/sell notifications, leveraging alertcondition() in Pine Script. In summary, this script merges two trend-following techniques for a multi-faceted view of the market, using visual cues and trendline logic to provide a robust trading tool. 🚀 Conclusion: Trend-Following System: The combination of Ichimoku Cloud and HalfTrend provides a comprehensive view of both long-term trends (via Ichimoku) and shorter-term reversals (via HalfTrend). Visual Signals: The script includes clear visual signals (arrows and custom-colored candles) to help traders quickly spot buy/sell opportunities. Dynamic Customization: Through user inputs, this indicator can be tailored to different market conditions, making it versatile.
Indicador Pine Script®
por Options_Series
2
ICHIMOKU MTFMultiple Time Frame Version of Ichimoku Kinko Hyo Indicator. Created in 1940's by Goichi Hosoda withe the help of University students in Japan. Ichimoku is one of the best trend following indicators that works nearly perfect in all markets and time frames. Ichimoku is originally an built in indicator in Tradingview but there are some problems like: the indicator hast 5 lines but you can change only 4 parameters in the settings menu of Tradingview Charts which you could only control 3 of the lines effectively. A second problem is that Tradingview preferred to use English titles for the ICHIMOKU lines instead of giving them the most common original Japanese ones. (So I rewrite the indicator) Kijun Sen (blue line): Also called standard line or base line, this is calculated by averaging the highest high and the lowest low for the past 26 periods. Tenkan Sen (red line): This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods. Chikou Span (Plum line): This is called the lagging line. It is today’s closing price plotted 26 periods behind. Senkou SpanA (green line): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead. Senkou SpanB (purple line): The second Senkou line is determined by averaging the highest high and the lowest low for the past 52 periods and plotted 26 periods ahead. PERSONALLY I ADVISE YOU TO USE ICHIMOKU WITH DEAFULT LENGTHS (9,26,26,52,26) IN ORDER FOR STOCK MARKETS AND FOREX MARKETS FOR CRYPTO YOU'D BETTER USE: 10,30,30,60,30 OR 20,60,60,120,60 THE TRICKY THING IS THAT KEEPING THE 1-3-3-6-3 RATIO CONSTANT IS NECESSARY Here's a link of my Youtube video explaining ICHIMOKU but unfortunately only in TURKISH: www.youtube.com Developed by: Goichi Hosoda Here's the link to a complete list of all my indicators: tr.tradingview.com Ichimoku kullanımı anlattığım detaylı video serisini linkten izleyebilirsiniz: www.youtube.com İndikatörü geliştiren: Goichi Hosoda
Indicador Pine Script®
por KivancOzbilgic
12
Renko Ichimoku CloudThis script utilizes its source from a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the Ichimoku Cloud. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold is breached or a "brick" is created. This Ichmoku Cloud includes all standard lines with standard lengths. These include: Tenken Sen Kiju Sen Senkou A/B Chikou Span We have also included plotted marks for when there is a Tenken Sen/ Kiju Sen cross and for the Kumo cloud twist. There are two methods for selecting the box size. Box size is critical for the overall function and efficacy of the plots you will visually see with this indicator. Box size is set automatically using the Average True Range "ATR" or manually using the "Traditional" setting. The simplest way to determine a manual box six is to take the ATR of the given instrument and round it to the nearest decimal place. As an example, if the ATR for the asset is 0.017, you would round that number to 0.02 and utilize this as your traditional box size.
Indicador Pine Script®
por LeafAlgo
2
Chikou Filter for Ichimoku CloudThis 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 calculated from provided lookback percentage and checks if trend was bullish or bearish within that lookback period. Bullish : Trend is bullish if Chikou span is above high values of all candles within defined lookback period. Green color shows bullish trend. Bearish: Trend is bearish if Chikou span is below low values of all candles within defined lookback period. This is indicated by red color. Reversal / Choppiness : White color indicates that Chikou are swinging around candles within defined lookback period which is an indication of consolidation or trend reversal. Default Settings Different source types are included but I've found that (OHLC4+High+Low)/3 is better for Chikou and Symmetrically Weighted Moving Average (SWMA) is also applied but it produce some repainting though. Default period is set to 26 and lookback percentage is 50%. Low percentage would decrease filter's efficiency. Usage This filter can be used to check if Chikou crossover has occurred in past. This can be used with Donchain channels, Bollinger Bands or any Moving Average as replacement of High / Low values. I'll use this indicator in all my Ichimoku Cloud studies especially adaptive ones. Filter outputs in Color and Integer format; both can be used as signals definitions.
Indicador Pine Script®
por MightyZinger
1
Ichimoku Cloud OscillatorThis script shows Ichimoku values in a different manner. While studying Ichimoku one thing stuck out to me and that is that the Kijun-Sen line is considered to be the equilibrium of the market, it acts like a magnet and price always returns to it. Taking this into account I made a script that plots the distance from equilibrium as an oscillator. With that value being an oscillator it allows for some analysis that would have been harder to do looking at the normal ichimoku chart. For example smoothing the value and comparing the distance to the average distance to see if the market reached an extremity (too far from equilibrium). I added a bollinger band for those who are interested in analysing the value in that way but in my experience I do not use it except for noticing if market spiked outside of the band (green and red dots). It is advised to use this oscillator as a trend analysis tool the same way you would use a money flow. Below a breakdown of current features - Disequilibrium1: The white sharp wave is the raw distance from Kijun with settings to smooth it out using a WMA - Disequilibrium2: The blue smooth wave is the smooth distance from Kijun with settings to smooth it further out using a WMA - Yellow line: The distance of Tenkan-Sen from Kijun-Sen which in alot of ichimoku strategys act as a trend filter or a crossover as market change. - Green and red zone: The slope of the kumo cloud, color coded to see if kumo is red or green. Use it in the same way you would use money flow on market cypher, it is a longer term trend strength indicator and like all smoothed values it lags behind. You can use this to decide which direction to trade in but not as a signal on it's own. - Bollinger Band: Acts the same way a bollinger band does, use this to analyse the wave structure, especialy the middle line the same way you would use Disequilibrium2, if the waves are a good distance from this line market can be overbought oversold or it is just a good indication that the trend is strong. Outer bands should be your warning bands as the waves tend to jump back to the middle line when touching those. Would love some feedback on this as I do not think this can be used for divergences but would like to hear some possible patterns/strategys. My current strategy is noticing an increasing wave after a squeeze (waves keep getting smaller untill a large trend happens, wave no longer goes to middle and keeps expanding). When I notice this I wait for the white wave to enter the blue and touch the mid bollinger line (small pullback during strong trend) and open a trade in the direction of the trend. I use the green and red zone to decide if the long term direction tells the same to get confluence.
Indicador Pine Script®
por Honestcowboy
4
Volume Spread Analysis IchimokuThis version of the popular Ichimoku indicator is modified to let the user choose between his classic mode and the volume-weighted mode. Every line of the indicator is customizable with this function. The Kijun and Tenkan lines are choosable from: 1. The normal version, so the average of the high and the low of the selected period 2. The volume mode, so the average price of the selected input ponderated to the volume The Senkau Span A is the average from the Kijun (fast line) and the Tenkan (slow line) lines and it's choosable from: 1. The normal price version 2. The volume mode 3. The average between points 1 and 2 4. The automatic average between the two fast lines that you've chosen The Senkau Span B is the slowest line of the indicator, used to determine the long-term trend, and can be chosen from: 1. The normal average price between the high and the low of the selected period 2. The volume average price, using the Volume Weighted Moving Average The Trama Backline is the popular "LUX Algo" T.R.A.M.A. indicator, which I'm thankful for, and can be fantastically used to display the current trend strength and condition. This line is readable in the following way: - If the line is moving sideways, the trend may be in a consolidation phase - If the line is moving upwards or downwards, the trend may be in a trend phase
Indicador Pine Script®
por OmegaTools
3
Ichimoku VariationsThe Ichimoku cloud is traditionally constructed from the highest high and lowest low for a number of periods. This script allows for it to be transformed and calculated like more traditional moving averages (e.g. simple moving average, exponential moving average). Since the Ichimoku is normally a system of moving average-like lines, maybe someone out there will learn something from being able to switch to sma, ema, etc etc. In general, I think no TA indicator is a magic bullet, and you should just use what you like! Credit: This script utilizes the "Color Gradient Framework" tutorial by LucF (PineCoders) to create gradient visuals, which are also customizable for the user. Recommended modes: default SMA EMA SMMA WMA VWMA Tillson T3 Not Recommended (These moving averages are too fast, and probably will require adjusting settings to something like the 20-60-120-30 to make more sense): HMA EHMA TEMA ALMA LSMA
Indicador Pine Script®
por animecummer
Ichimoku Kinko Hyo (colorblind friendly)This is the Ichimoku Kinko Hyo indicator, using colorblind friendly colors as much as possible so that every line or cloud trend can be identified more easily. It is correctly visible both in bright and dark mode. Note: I have only tested the visibility on myself (I'm deuter), if anyone with another kind of colorblindness has issues distinguishing lines, I'll happily take any suggestion to improve this script.
Indicador Pine Script®
por mdeous
Ichimoku 2 sets of settings, markers and alertsThis is my take on the masterful, beautiful and powerful Ichimoku. It comes with: - 2 sets of settings you can flip between, - 5 types of markers: --- Tenkan/Kijun crosses, --- Price (close)/Tenkan crosses, with the option of only showing those occurring with the trend, so on pullbacks, --- Price (close) exits out of the Kumo, --- Chikou exits out of the Kumo, --- Overbought/Oversold conditions (shown on the chart). - Choice of showing only long or short markers, - Coloring of bars using OB/OS conditions, - Alerts on all markers and on combinations. The markers are intended as indications—not bulletproof buy/sell signals. The overbought/oversold conditions are detected when the high/low is a multiple of ATR away from Kijun. The ATR length and multiple used are configurable. I normally use the Josh Olszewicz (CarpeNoctom) big settings, so those are the default. I prefer subtle coloring on charts and my choice of colors reflects that. You will see references to KumoA and KumoB in the names of inputs and style elements. For me, KumoA is the top of the Kumo when it is bullish, so the bottom when bearish. As usual when creating alerts, be sure you already have defined proper inputs and that you are on the intended interval, as they will be used when triggering alerts.
Indicador Pine Script®
por LucF
5
Options Series - Supertrend, HalfTrend, Ichimoku Cloud and P_SAR➤ Supertrend: ➤ HalfTrend: ➤ Ichimoku Cloud: ➤ Parabolic SAR: ⭐ Overview and How It Works: This script combines multiple popular technical indicators—Supertrend, HalfTrend, Ichimoku Cloud, and Parabolic SAR—into a single, cohesive tool for analyzing price trends and reversals. Designed for traders who prefer multi-layered confirmation, it displays non-overlay signals in a candlestick format, helping users make sense of intricate market dynamics. It also includes a "Master Candle" condition, which aggregates the signals from all indicators, providing a powerful snapshot of market sentiment. References for study, Supertrend and HalfTrend and Ichimoku Cloud and Parabolic SAR ⭐ Key Features and Functionality: The script integrates four indicators and visually represents them in a non-overlay fashion, meaning that each indicator's signal appears on separate candlestick layers. It uses color coding to differentiate between bullish and bearish signals. The Master Candle is a unique feature that aggregates the signals from all indicators to show the overall sentiment. Supertrend: It uses ATR and a multiplier factor to create a trailing stop, identifying bullish and bearish trends. HalfTrend: It analyzes market volatility that provides buy and sell signals based on volatility channels and historical highs and lows. Ichimoku Cloud: It leverages historical highs and lows to form the conversion and baseline, which are compared to assess market strength. Parabolic SAR: A stop-and-reverse system that highlights potential reversals. It is based on time and price, offering traders potential reversal points. Master Candle: It computes a score based on the confluence of all four indicators, adding another layer of confirmation. 🎨 Visualizations and User Experience: The script's user interface is highly visual, with color-coded candlesticks plotted across multiple layers. Each indicator has its own color coding for bullish and bearish signals, ensuring clarity: ➤ Green for bullish signals. ➤ Red for bearish signals. ➤ Each candlestick layer represents a different indicator (e.g., Supertrend, HalfTrend, etc.), making it easy for the trader to isolate and interpret signals. ➤ The "Master Candle" provides an overarching view of the market by displaying a consolidated signal, which can reduce confusion from mixed indicator signals. ⭐ Settings and Customization: The script is highly customizable, allowing users to adjust the settings for each indicator. Key customizable parameters include: • Supertrend ATR Period and Factor • HalfTrend Amplitude and Channel Deviation • Ichimoku Conversion, Base, and Lagging Span Periods • Parabolic SAR Start, Increment, and Maximum value Additionally, users can toggle the visibility of each indicator and customize the look of the plot to suit their preferences. ⭐ Uniqueness of the Concept: No repaints. This is the advanced representation and the combination of multiple indicators into a single script, along with a powerful "Master Candle" that aggregates them, makes this tool unique. Most scripts provide isolated indicator signals, while this one brings together four powerful indicators and visually simplifies the analysis. The non-overlay style and color-coded candlesticks offer traders an easy-to-understand, actionable visual cue, which stands out from traditional indicator overlays. 🚀 Conclusion: This script is a comprehensive, multi-indicator trading tool suitable for traders looking for reliable trend-following and reversal detection. Its ability to provide an aggregated "Master Candle" signal reduces noise and aids in better decision-making. Customization options allow users to tailor it to their trading style, while its clear visualizations provide an excellent user experience.
Indicador Pine Script®
por Options_Series
18