OPEN-SOURCE SCRIPT
Ichimoku ECC-11 As an Indicator
This indicator is based on the famous ECC-11 strategy discussed on the Internet. It can be used on any timeframe, but ECC-11 is better suited for intraday 15min charts.
The various colour lines represent:
Black - Price
Orange - Chikou
Blue - Senkou A
Red - Senkou B
Green/Red - The Clouds
More information on how to follow the Ichimoku strategy can be found here:
investopedia.com/terms/i/ichimoku-cloud.asp
The main difference between the normal Ichimoku settings and ECC-11 are these ones are more sensitive by splitting them in half. Therefore beware sudden price change can be over amplified if you're used to the normal settings.
If you wish to have any changes, modifications or add some alerts please do not hesitate to message me.
The various colour lines represent:
Black - Price
Orange - Chikou
Blue - Senkou A
Red - Senkou B
Green/Red - The Clouds
More information on how to follow the Ichimoku strategy can be found here:
investopedia.com/terms/i/ichimoku-cloud.asp
The main difference between the normal Ichimoku settings and ECC-11 are these ones are more sensitive by splitting them in half. Therefore beware sudden price change can be over amplified if you're used to the normal settings.
If you wish to have any changes, modifications or add some alerts please do not hesitate to message me.
Script open-source
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