RicardoSantos

[RS]MTF Ichimoku Cloud V0

Request for T_C

The displacement cant be converted (a approximation is possible by calculating the n_bars the time frame occupies by the displacement).

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.

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Want to use this script on a chart?
study(title='[RS]MTF Ichimoku Cloud V0', shorttitle='IC', overlay=true)
tf = input(title='Timeframe:', type=string, defval='D', confirm=false)
conversionPeriods = input(title='Conversion Periods:', type=integer, defval=9, minval=1),
basePeriods = input(title='Base Periods', type=integer, defval=26, minval=1)
laggingSpan2Periods = input(title='Lagging Span:', type=integer, defval=52, minval=1),
displacement = input(title='Displacement:', type=integer, defval=26, minval=1)

f_donchian(_len) => avg(lowest(_len), highest(_len))

f_ichimoku_cloud(_conversion_periods, _base_periods, _lagging_span)=>
    _conversion_line = f_donchian(_conversion_periods)
    _base_line = f_donchian(_base_periods)
    _lead_line1 = avg(_conversion_line, _base_line)
    _lead_line2 = f_donchian(_lagging_span)
    [_conversion_line, _base_line, _lead_line1, _lead_line2]

[conversionLine, baseLine, leadLine1, leadLine2] = f_ichimoku_cloud(conversionPeriods, basePeriods, laggingSpan2Periods)

s0 = security(tickerid, tf, offset(leadLine1, displacement))
s1 = security(tickerid, tf, offset(leadLine2, displacement))
s2 = security(tickerid, tf, baseLine)
s3 = security(tickerid, tf, conversionLine)

ps0 = plot(title='A', series=s0, color=green, linewidth=2)
ps1 = plot(title='B', series=s1, color=red, linewidth=2)
fill(title='AB', plot1=ps0, plot2=ps1, color=blue, transp=80)
plot(title='Base', series=s2, color=blue, linewidth=1)
plot(title='Conversion', series=s3, color=orange, linewidth=1)