this andicator is build in base of ichimoku cloud. Select the interval at which the kumo clouds change phase and depending on what time frame we are in, we give the time inputs to the indicator. then, the indicator calculates the area of the cloud and set the ascending and descending targets when price break the highest or lowest candle in that time range. So entry point is the highest and lowest candle and first and second targets are determined by the indicator. note : i used this andicator only in crypto market not forex and it works well
Release Notes
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*new version* - upgrade to v5 pine script - add labels for targets - update default date and timeframe - bugs fix
Thanks for indicator
But I get "too many candles on history error"
when I add the indicator on chart
can you please help
thanks