OPEN-SOURCE SCRIPT
Ichimoku Bars
Updated
This script follows off the principles of the Ichimoku Cloud indicator. The green zones display optimal time to buy according to the Ichimoku model. The red zones show optimal time to sell according to the Ichimoku model inverse. The yellow zones show where the conversion line meets the base line (potential up or down movement at this point). Feel free to contact me to fix any problems or add additional info.
Release Notes
Update 1: Fixed yellow bars to show all locations where conversion line meets the base line. Release Notes
Added the ability to turn On/Off the Ichimoku Cloud indicator on top of the Ichimoku Bars. This feature is useful for peoplpe who use the free version of TradingView where the number of indicators to have on at once is limited. Release Notes
Added Ichimoku Cloud category. Fixed fill bug. Release Notes
Updated color format to the newer version. Console should now show no depreciating errors. Release Notes
Cleaned up the code and updated to version 5!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.
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.