1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Ichimoku Cloud calculates the Conversion Line, Base Line, Leading Span A, Leading Span B, and Lagging Span using Donchian midpoint logic over configurable periods. The script shades the space between the leading spans to form the Kumo cloud, using green for bullish alignment and red for bearish alignment. Offset parameters shift the cloud forward and the lagging span backward as per classic Ichimoku settings.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Conversion Line Length
int
9
conversionPeriods
Base Line Length
int
26
basePeriods
Leading Span B Length
int
52
laggingSpan2Periods
Lagging Span
int
26
displacement
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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