syntaxgeek

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.

@tradeseekers (YouTube, Twitter)
Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?