OPEN-SOURCE SCRIPT
Updated MTF Ichimoku Cloud
Here is my take on Ichimoku Cloud, Multiple Time Frames, based on the
most excellent work of "PineCoders" (MTF Selection Framework functions)!
The big advantage is that on 1 image you can easily see where
price is compared to Ichimoku Cloud patterns (each of different Time Frames).
This gives a lot of Support and Resistance area's!
I restricted the amount of MTF's at 2, more is just too messy
To make it more clear:
- Conversion line and Baseline in present timeframe : thick line
- Conversion line and Baseline in Higher Time Frame (HTF 1) : thin line
- Conversion line and Baseline in Higher Time Frame (HTF 2) : line with circles
All lines has labels at the right of the line with corresponding Time Frame
Since some prefer different settings with higher Time Frames,
each period in each Time Frame can be changed
The Time Frames itself can be chosen:
- or a multiple of present Time Frame
- or a fixed chosen Time Frame
Thanks!
most excellent work of "PineCoders" (MTF Selection Framework functions)!
The big advantage is that on 1 image you can easily see where
price is compared to Ichimoku Cloud patterns (each of different Time Frames).
This gives a lot of Support and Resistance area's!
I restricted the amount of MTF's at 2, more is just too messy
To make it more clear:
- Conversion line and Baseline in present timeframe : thick line
- Conversion line and Baseline in Higher Time Frame (HTF 1) : thin line
- Conversion line and Baseline in Higher Time Frame (HTF 2) : line with circles
All lines has labels at the right of the line with corresponding Time Frame
Since some prefer different settings with higher Time Frames,
each period in each Time Frame can be changed
The Time Frames itself can be chosen:
- or a multiple of present Time Frame
- or a fixed chosen Time Frame
Thanks!
Release Notes
Just some tweakingIt is important to mention that it works alone with continue charts,
I mean like crypto, where trading happens non-stop.
Stock, Futures, ... where trading stops in the day and weekends doesn't mix with this script, sorry...
Release Notes
Fixed the issue regarding stock, Futures, ... Normally MTF Ichimoku Cloud will perform as intended
Thanks!
Release Notes
small fixesRelease Notes
updateRelease Notes
Small fixesRelease Notes
Small adjustments for overlappingRelease Notes
Deleted 2 labels since the scripts doesn't work anymore (it used to work though...)Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.