This indicator is aimed at showing the pivot points of the trend by using Ichimoku cloud and Bollinger bands.
BOLL[MACD]: Upper Bollinger Band. The red circle formed on it refers to the downward intersection of the MACD indicator. In the downward intersection, a red circle appears.
BOLL[MA20]: Middle Bollinger Band.
BOLL[RSI]: Lower Bollinger Band. The red circle formed on it refers to the downward intersection of the RSI indicator. In the downward intersection, a red circle appears.
ICHI[A]: Ichimoku Leading A Line. The green circle formed on it refers to the upward intersection of the ICHIMOKU indicator.
ICHI[B]: Ichimoku Leading B Line. The red circle formed on it refers to the downward intersection of the ICHIMOKU indicator.
Warning
As a result, this indicator should be expected to give an idea of the trend direction, not a trading signal.
Version
v1.0
Nota Keluaran
[ADDED] If the price closes below the middle band, a red circle is now displayed on the middle band. Otherwise, you will see a green circle.
[CHANGED] the colors of the upper bollinger band line and the lower band line.
Nota Keluaran
The red circle that occurs when the Ichimoku leading A line cuts down the leading B line is now displayed on the leading B.
Fixed the issue of contraction on large time frames caused by Bollinger lower band calculation.
Nota Keluaran
Plot plots showing indicator levels have been replaced with line plots.
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