OPEN-SOURCE SCRIPT

Ichimoku Advanced

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Greetings. I present to you an improved version of the indicator from LuxAlgo - Ichimoku Theories.

I am grateful to them for the work they have done, since I myself have no experience in programming on Pine Script.

I have supplemented their indicator with such functions as:

Multi-timeframe Tenkan and Kijun lines - you will always know where on the lower timeframe there is a stronger resistance/support.

Ichimoku line formation areas - they can be used as a visualization of the number of bars that appear in the near lines, and for forecasting when the growth of the lines is caused by the fading of candles. They can also be used as measures for setting stop orders.

3-line pattern detector - Marker showing when the price is above/below the lines Tenkan ----> Kijun ----> Senkou A.
Please note that the calculation takes into account the CLOSING price of the candle.

3 Chikou Span lines - for those who use the 3 Chikou Span strategy -9, -26, -52 from the current bar ----> forward.

Points of the expected next direction of the Tenkan, Kijun, Senkou A and B lines and Senkou A and B with 0 offset.

Senkou A and B lines with 0 offset - for visualization of possible resistance/support

Calculation of the angle of inclination of the Ichimoku lines - for better perception of the trend strength. A 90° scale is used for measurement, where 0 is the horizontal position of the line

Measuring the distance from the current price to the Tenkan and Kijun lines - for better interpretation of the next possible price movements

Table - all key points for opening a position are displayed in the table. But please CONSIDER THE CONTENT and THE THEORY OF CYCLES AND WAVES by Goichi Hosoda.

May the take profit be with you!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.