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animecummer
2 avr. 2022 22:53

Ichimoku Variations 

Ether / United States DollarCoinbase

Description

The 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
Plus