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  • Ichimoku 1

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    Luqie sp
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    This document defines an Ichimoku Cloud indicator. It takes in user-defined periods as inputs to calculate the conversion line, base line, leading span A and B lines, and lagging span. It then plots these lines on the chart and fills the area between the leading span lines to display the Kumo Cloud.

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    This document defines an Ichimoku Cloud indicator. It takes in user-defined periods as inputs to calculate the conversion line, base line, leading span A and B lines, and lagging span. It then plots these lines on the chart and fills the area between the leading span lines to display the Kumo Cloud.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    16 views1 page

    Ichimoku 1

    Uploaded by

    Luqie sp
    This document defines an Ichimoku Cloud indicator. It takes in user-defined periods as inputs to calculate the conversion line, base line, leading span A and B lines, and lagging span. It then plots these lines on the chart and fills the area between the leading span lines to display the Kumo Cloud.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    //@version=5

    indicator(title="Ichimoku Cloud", shorttitle="Ichimoku", overlay=true)


    conversionPeriods = input.int(9, minval=1, title="Conversion Line Length")
    basePeriods = input.int(26, minval=1, title="Base Line Length")
    laggingSpan2Periods = input.int(52, minval=1, title="Leading Span B Length")
    displacement = input.int(26, minval=1, title="Lagging Span")
    donchian(len) => math.avg(ta.lowest(len), ta.highest(len))
    conversionLine = donchian(conversionPeriods)
    baseLine = donchian(basePeriods)
    leadLine1 = math.avg(conversionLine, baseLine)
    leadLine2 = donchian(laggingSpan2Periods)
    plot(conversionLine, color=#2962FF, title="Conversion Line")
    plot(baseLine, color=#B71C1C, title="Base Line")
    plot(close, offset = -displacement + 1, color=#43A047, title="Lagging Span")
    p1 = plot(leadLine1, offset = displacement - 1, color=#A5D6A7,
    title="Leading Span A")
    p2 = plot(leadLine2, offset = displacement - 1, color=#EF9A9A,
    title="Leading Span B")
    plot(leadLine1 > leadLine2 ? leadLine1 : leadLine2, offset = displacement - 1,
    title = "Kumo Cloud Upper Line", display = display.none)
    plot(leadLine1 < leadLine2 ? leadLine1 : leadLine2, offset = displacement - 1,
    title = "Kumo Cloud Lower Line", display = display.none)
    fill(p1, p2, color = leadLine1 > leadLine2 ? color.rgb(67, 160, 71, 90) :
    color.rgb(244, 67, 54, 90))

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