Ichimoku Cloud Score v1.0 — Indicator by sjb933

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This script calculates a simple Ichimoku Score based on the signals documented here, with a few additions. Each of the score components can be individually weighted via the script inputs. The output is a plot of the normalized Ichimoku score, in the range of -100 to 100.

This script has been heavily modified from 'Ichimoku Cloud Signal Score v2.0.0'. Credit to user 'dashed' for the initial implementation.

This has been modified with several refinements:

Clean/Organized Code
Simplified Inputs
Improved Style
Scores normalized to a range (-100, 100)
Bugfixes and Improvements

Script Inputs: https://i.imgur.com/yzxzmg6.png

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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