OPEN-SOURCE SCRIPT
Updated Ichimoku Kinko Hyo
1) Plot up to 8 moving averages or donchian channels.
2) Moving average types include SMA, EMA, Double EMA, Triple EMA, Quadruple EMA, Pentuple EMA, Zero-Lag EMA, Tillson's T3, Hull's MA, Smoothed MA, Weighted MA, Volume-Weighted MA.
3) Donchian channels can be plotted for a user specified period with upper and lower lines based on either A) highest and lowest prices or B) highest candle body (open/close) and lowest candle body (open/close) over a specified period.
4) Plot 2 arithmetic means averaging any 2 to 8 of the previously mentioned moving averages or donchian median lines.
5) Display 2 fills/clouds between any of the previously mentioned plots.
6) Enough flexibility in the script to utilize Ichimoku Kinko Hyo with correctly adjusted offsets.
7) Ichimoku Kinko Hyo is the default settings. Display additional moving averages or donchian channels for comparison.
"One Half" color scheme by Son A. Pham
2) Moving average types include SMA, EMA, Double EMA, Triple EMA, Quadruple EMA, Pentuple EMA, Zero-Lag EMA, Tillson's T3, Hull's MA, Smoothed MA, Weighted MA, Volume-Weighted MA.
3) Donchian channels can be plotted for a user specified period with upper and lower lines based on either A) highest and lowest prices or B) highest candle body (open/close) and lowest candle body (open/close) over a specified period.
4) Plot 2 arithmetic means averaging any 2 to 8 of the previously mentioned moving averages or donchian median lines.
5) Display 2 fills/clouds between any of the previously mentioned plots.
6) Enough flexibility in the script to utilize Ichimoku Kinko Hyo with correctly adjusted offsets.
7) Ichimoku Kinko Hyo is the default settings. Display additional moving averages or donchian channels for comparison.
"One Half" color scheme by Son A. Pham
Release Notes
Updated moving averages to include option for EMA of selected moving average to smooth the plot.Release Notes
added flexibility to the indicator to be more easily used for purposes other than Ichimoku Kinko HyoRelease Notes
fixed typosRelease Notes
Fixed errors, added a second mean of moving averages plot, added some notes.Release Notes
Updated to version 6, and added some notes.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.