OPEN-SOURCE SCRIPT
Updated Ichimoku ATR Oscillator
// An oscillator that visualizes Ichimoku trend line distances in terms of ATR.
// Public Domain
// By JollyWizard
// Public Domain
// By JollyWizard
Release Notes
* Chikou Span distance is now relative to the closest candle price (High or Low). Chikou inside historical price = 0 ATR.Release Notes
* Updated all trend line distances to be based on closest price, with trend line inside the candle as 0 ATR.Release Notes
* Made closest price mode optional (currently only one toggle for all lines.* Bugfix for current / cloud distances.
* Reworked code to describe assumptions to prevent nerd math bugs.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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