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OPEN-SOURCE SCRIPT

Ichimoku [2022] [v5] [keivanipchihagh]

By keivanipchihagh
Updated
A more personalized ichimoki indicator with more configurations.
This indicator is exactly like the original ichimoku indicator, but with 104 Line (x4 timeframe), 208 Line (x8 timeframe), Quality Line and Tenken-sen & Kijun-sen crossovers added as well. The extras added to the indicator can simply be hidden in order to make the chart look less full.

  • 104 Line: The formula is to average the highest and lowest point of the last 104 candles. This is to see the x4 time-frame as well, which shows a strong support and resistance line.
  • 208 Line: The formula is to average the highest and lowest point of the last 208 candles. This is to see the 84 time-frame as well, which shows even a stronger support and resistance line.
  • Quality Line: It's exactly the same the Kijun-sen but with a positive offset of 26.
  • Tenken-sen & Kijun-sen Crossoveers: Just to make it easier to see the crossovers.


In future updates, I'm going to add more components and make it more insightful than it currently is. Ideas would be appreciated (:
Release Notes
Change the default value of TK & KJ crossovers
Release Notes
- [fix] bug when showing 104 line but not KJ.
- [feat] Improve coloring
- [ref] Refactor docs
Release Notes
feat: Update coloring for Chikou Span, coloring and lineweight for 104 and 204 lines.
Ichimoku Cloudichimokukinkohyo

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

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keivanipchihagh

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