Log-space Ichimoku Cloud — Indicator by fskrypt

This indicator uses identical calculation to Ichimoku indicator except performed in log-space. This is helpful for long-term and highly volatile charts.

Release Notes:

drop 1st candle for stability in the beginning

Release Notes:

custom lowest/highest functions to make indicator usable from the beginning of the price history (may be less accurate during this time)

Release Notes:

update chart

Release Notes:

Allow user to specify how many candles to drop, also allow to turn off log scaling if needed

Release Notes:

Bring back lagging span (got lost in the process)

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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