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.
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 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.
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
Displacement
int
26
displacement
Show Full Cloud?
bool
true
displayFullCloud
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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