This indicator is inspired by "RSI ICHIMOKU CLOUD".
Script plots price bars based on selected indicator with Ichimoku Cloud around it.
In my version I have added different oscillators for bar calculations.
Specifically you can choose from:
Center of Gravity(CoG)
Momentum
RSI
Release Notes
Updated script to include new features and minor fixes.
This release adds next features:
User configurable channel that tracks selected indicator oscillations
Ichimoku Lagging Span (disabled by default)
Fixes:
Momentum based candles are now plotted properly with shadows
Release Notes
In this updated version I added color coded centerline and background. By default centerline is long length trend and background is shorter term trend (this can be swaped around in setting).
Green - Strong uptrend
Yellow - Price is testing/loosing trend
Red - Price is downtrending
Release Notes
Release Notes: New features and visual improvements.
Added alternative experimental calculations for Adaptive Moving Average (this option is now enabled by default).
Removed candle borders to make indicator look cleaner.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.