OPEN-SOURCE SCRIPT
Ichimoku Cloud Oscillator
The script looks at how far the price is below or above the ichimoku cloud, and publishes an oscillator.
Low or high oscillator values are indicative of reversals, to assist with long or short entry decisions.
Low or high oscillator values are indicative of reversals, to assist with long or short entry decisions.
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
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