Fibon-Ichimoku
This is a highly modified version of the classic Ichimoku cloud indicator. It incorporates Fibonacci retracement levels into the display. Hence the name "Fibon-Ichimoku"
As well as the standard short term Tenken-sen (blue line) and medium term Kinjun-sen (red line), it also includes a long term perspective line as well (in white).
The Tenken-sen and Kinjun-sen lines have been adjusted to work with 24hr Cryptocurrency markets.
Each line can also have the option to show 38.2% and 61.8% Fibonacci levels, however, I suggest not using them all at once, as there is a lot of information on the screen.
There is also a faint green and red thin line showing the top and bottom limits of the long term period.
Plotted above the candles, is a Fibonacci extension target line as a "possible" sell target level, this uses the Kinjun-sen time frame to find the swing low and swing high.
The extension target value is customisable by value as well as by forward or backward display offset.
The target level will show if the closing prices, from current bar to 2 periods back, is greater than the long term 50% line and the current Kinjun-sen 61.8% level is greater than the current long term 50% level.
After that if the Tenken-sen line is above the Kinjun-sen line, then the target will be green indicating a stronger trend. If it's less, then it will show as yellow.
BUT WAIT THERE"S MORE!!!
======================
Just for the sake of it, it also includes as an option to show inside bar alerts and price bar direction.
an "X" means an inside bar, arrows up or down indicate the direction of movement if it's not an inside bar.
The middle points of the bars determine the colouring of the alert.
If the current middle is greater than the previous, then it's green.
If the current middle is less than the previous, then it's red.
If there is no change then it's yellow.
As well as the standard short term Tenken-sen (blue line) and medium term Kinjun-sen (red line), it also includes a long term perspective line as well (in white).
The Tenken-sen and Kinjun-sen lines have been adjusted to work with 24hr Cryptocurrency markets.
Each line can also have the option to show 38.2% and 61.8% Fibonacci levels, however, I suggest not using them all at once, as there is a lot of information on the screen.
There is also a faint green and red thin line showing the top and bottom limits of the long term period.
Plotted above the candles, is a Fibonacci extension target line as a "possible" sell target level, this uses the Kinjun-sen time frame to find the swing low and swing high.
The extension target value is customisable by value as well as by forward or backward display offset.
The target level will show if the closing prices, from current bar to 2 periods back, is greater than the long term 50% line and the current Kinjun-sen 61.8% level is greater than the current long term 50% level.
After that if the Tenken-sen line is above the Kinjun-sen line, then the target will be green indicating a stronger trend. If it's less, then it will show as yellow.
BUT WAIT THERE"S MORE!!!
======================
Just for the sake of it, it also includes as an option to show inside bar alerts and price bar direction.
an "X" means an inside bar, arrows up or down indicate the direction of movement if it's not an inside bar.
The middle points of the bars determine the colouring of the alert.
If the current middle is greater than the previous, then it's green.
If the current middle is less than the previous, then it's red.
If there is no change then it's yellow.
Release Notes:
Fixed a comment in the format box regarding the long term Fib Levels
Release Notes:
Tenken-sen and Kinjun-sen periods now show their Donchian channels as a coloured fill.
This can be disabled in the style settings by unchecking the Short and Mid term ranges.
This can be disabled in the style settings by unchecking the Short and Mid term ranges.
Release Notes:
Added the ability to adjust time frames to single, double and triple the default settings.
Added the precision of the values to 8 decimal places for use with cryptocurrencies
Added the precision of the values to 8 decimal places for use with cryptocurrencies
Release Notes:
I had a request to add a "Tip Jar" for those who wanted to express their thanks for these indicators.
So if you want to say thanks, then you're welcome:
LTC Tip Jar: LX4bUBdjiRPsagUbZoAczSGgDC4YqTJL7w
So if you want to say thanks, then you're welcome:
LTC Tip Jar: LX4bUBdjiRPsagUbZoAczSGgDC4YqTJL7w
Release Notes:
A few minor updates.
Added a few more features as well as a some optional signals.
Senkou span A line now colour codes depending if Tenkan is above or below Kijun line
and Senkou Span B colour codes if it's above or below the Long Term 50% level.
The option to use candle body rather than candle high and low range for the calculations
The ability to forward shift the Long Term 50% line (I really should think of a better name for that one - suggestions?)
The ability to smooth the Chikou line using a Hull moving average.
Added Williams Fractals as an option.
Enjoy!!
Added a few more features as well as a some optional signals.
Senkou span A line now colour codes depending if Tenkan is above or below Kijun line
and Senkou Span B colour codes if it's above or below the Long Term 50% level.
The option to use candle body rather than candle high and low range for the calculations
The ability to forward shift the Long Term 50% line (I really should think of a better name for that one - suggestions?)
The ability to smooth the Chikou line using a Hull moving average.
Added Williams Fractals as an option.
Enjoy!!
Release Notes:
Fixed errors caused by recent Trading View update.