OPEN-SOURCE SCRIPT
Updated Ichimoku ATR Oscillator
// An oscillator that visualizes Ichimoku trend line distances in terms of ATR.
// Public Domain
// By JollyWizard
// Public Domain
// By JollyWizard
Release Notes
* Chikou Span distance is now relative to the closest candle price (High or Low). Chikou inside historical price = 0 ATR.Release Notes
* Updated all trend line distances to be based on closest price, with trend line inside the candle as 0 ATR.Release Notes
* Made closest price mode optional (currently only one toggle for all lines.* Bugfix for current / cloud distances.
* Reworked code to describe assumptions to prevent nerd math bugs.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.