DreamsDefined

Ichimoku Cloud Score MTF

This is a simple multi time frame (MTF) conversion of the Ichimoku Cloud Score indicator.

All credit goes to the following users for the initial implementations:

- User @dashed :

- User @sjb933 :

This script calculates the Cloud Score based on the sjb933 version; all I've done is convert the script to Pinescript version 3 (to ensure the security function works as intended) and add MTF capability.

I'm a big fan of MTF analysis when using indicators (particularly oscillators). Using a higher time frame runs into the issue of the indicator repainting until the relevant higher time frame candle closes (this is inevitable and logical - so don't comment saying it repaints!). However, for lagging indicators such as this one, adding a lower time frame provides potential entry and exit signals into the larger trend, and also provides early warning of large trend shifts before the current time frame will. This can give you more control over your trades, and in my experience helps lagging indicators such as Ichimoku stay relevant in high volatility markets that are vastly different from when the indicators were conceived.

Any queries please let me know.

Cheers,
RJR
Удалить из избранных скриптов Добавить в избранные скрипты
Домой Скринер акций Скринер форекс Скринер криптовалют Экономический календарь О проекте Особенности Цены Правила поведения Модераторы Решения для сайтов и брокеров Виджеты Графики TradingView для сайтов Справочный центр Отзывы и предложения Блог и новости ЧаВо Wiki Твиттер
Профиль Настройка профиля Счёт и оплата TradingView Coins Мои запросы в поддержку Справочный центр Опубликовано идей Подписчики Подписан Личные сообщения Чат Выйти