Ichimoku ATR Oscillator — Indicator by JollyWizard

// An oscillator that visualizes Ichimoku trend line distances in terms of ATR.

// 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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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