OhManLan

OhManLan Golden Cloud

OhManLan Updated   
This indicator is a modification of the popular Ichimoku indicator, build high/low channels using the Golden Ratio, Volume-weighted average price allows smoother components.




high/low channels moves based on Fibo Levels (Golden Ratio: 1.618).




- Settings -


The indicator can be adjusted to your needs.



- How to use -

OhManLan Golden can be used a Support/Resistance , Stop loss, Trailing stop and Price target.




Volume-weighted average price allows smoother components.



Can be used with other indicators such as Moving Average Convergence Divergence ( MACD ).



Release Notes: Slight code fix.
Release Notes: Slight code fix, about fibonacci number.
Release Notes: Slight code fix, about VWAP.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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