Indicator · Pine Script v5 · On the chart

Ichimoku Cloud

by Web3Degenerate

This indicator calculates and overlays standard Ichimoku Cloud components on the price chart, including the Conversion Line, Base Line, Lagging Span, and Leading Spans A and B.

View on GitHub

GitHub stars2on the repository
Pine versionv5runs as is
Lines of code66
Settings5inputs
LicenceNone stated
Last update2 years ago13 Sep 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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 imports an external library to detect candlestick patterns like hammers and shooting stars, triggering buy or sell signals when these patterns align with the cloud's upper or lower boundaries. Users can toggle visibility of full cloud lines to declutter the chart and configure period lengths for all Ichimoku components.

Details

Published by

Web3Degenerate on GitHub

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Conversion Line Lengthint9conversionPeriods
Base Line Lengthint26basePeriods
Leading Span B Lengthint52laggingSpan2Periods
Displacementint26displacement
Show Full Cloud?booltruedisplayFullCloud
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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