This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v4 · On the chart
Ichimoku-combo
Ichimoku-combo plots a modified Ichimoku Kinko Hyo system directly on the main price chart.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code24
Settings4inputs
LicenceGPL-3.0
Last update6 years ago10 Mar 2020
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
24 lines of Pine Script v4 from MyOldCode/Ichimoku-[Numchuck].pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study(title="Ichimoku-combo", shorttitle="Ichi-combo", overlay=true)
conversionPeriods = input(9, minval=1, title="Conversion Line Periods"),
basePeriods = input(21, minval=1, title="Base Line Periods") // 21 weeks MA because day price seems to respect this line
laggingSpan2Periods = input(52, minval=1, title="Lagging Span 2 Periods"),
displacement = input(26, minval=1, title="Displacement")
donchian(len) => avg(lowest(len), highest(len))
conversionLine = donchian(conversionPeriods)
baseLine = donchian(basePeriods)
leadLine1 = avg(conversionLine, baseLine)
leadLine2 = donchian(laggingSpan2Periods)
plot(conversionLine, color=#0496ff, title="Conversion Line")
plot(baseLine, color=#991515, title="Base Line")
plot(close, offset = -displacement + 1, color=#459915, title="Lagging Span")
p1 = plot(leadLine1, offset = displacement - 1, color=color.green,
title="Lead 1")
p2 = plot(leadLine2, offset = displacement - 1, color=color.red,
title="Lead 2")
fill(p1, p2, color = leadLine1 > leadLine2 ? color.green : color.red)
Overview
Ichimoku-combo calculates the conversion line, base line, lagging span, and leading spans 1 and 2 using Donchian midpoints. The script features an adjusted base line period of 21 rather than the standard 26. Dynamic cloud shading between the forward-displaced leading spans indicates trend bias, while the lagging span is shifted backward according to the displacement setting.
- Customized Ichimoku Kinko Hyo indicator
- Donchian channel midpoint calculations
- Forward-projected cloud with dynamic color fill
- Configurable period and displacement inputs
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Conversion Line Periods | int | 9 | conversionPeriods |
| Base Line Periods | int | 21 | basePeriods |
| Lagging Span 2 Periods | int | 52 | laggingSpan2Periods |
| Displacement | 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.
Similar Pine Scripts
This indicator fits a linear regression through stored pivot highs and lows and draws the resulting channel on the price chart. A function returns predicted values, maximum and minimum deviations, and the average absolute deviation. Confirmed two-bar pivots up
AI Trend is an indicator that plots pivot points, trend lines, and support and resistance levels directly on the price chart. It marks high and low pivots based on user-defined length, draws trend lines that check for violations at specified points, and identi
Dynamic Linear Regression calculates and plots linear regression trendlines and standard deviation channels directly on the price chart over a user-selected time period. Traders can configure static channels locked at the end time, dynamic channels that contin
This indicator plots Ichimoku Cloud elements on the price chart, including Tenkan-sen, Kijun-sen, Senkou Span A and B lines with optional Chikou Span. It signals trend changes via Tenkan-sen and Kijun-sen crosses and places arrows at Kijun-sen direction shifts
This indicator identifies local swing highs and swing lows to construct a Zig Zag pattern on the main price chart. It evaluates pivot points based on a customizable number of surrounding left and right bars. Using persistent variables, the script tracks previo
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers