OPEN-SOURCE SCRIPT

Ichimoku Cross

This is a trend analysis indicator based on Ichimoku

this indicator splits the chart into :

"Buy Phase" where KijunSen > TenkanSen with "Green color"
"Sell Phase" where KijunSen < TenkanSen with "Red color"
"Cross Phase" where KijunSen = TenkanSen

Close of each candle above or below KijunSen and TenkanSen determine the strength of the trend
and is shown by 3 different green colors for Bullish Trends and 3 different red colors for Bearish Trends .
crossIchimoku CloudkijunsentenkansenTrend Analysis

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.

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