Enhanced Ichimoku Cloud Indicator!!!
There are two Custom Ichimoku Indicators on the chart.
The one that is hidden is the Ichimoku Indicator with
The correct names for the lines Under the Style Tab.
The Indicator shown is coded so when the cloud is in
a down trend both lines turn Red.
When the Cloud is rising both lines turn to Green.
Because of the code used in order to switch the colors of
Both Lines at the same time I couldn't name Senkou Span A
and Senkou Span B in the "Styles" Tab.
You can still modify the colors to customize chart.
The one that is hidden is the Ichimoku Indicator with
The correct names for the lines Under the Style Tab.
The Indicator shown is coded so when the cloud is in
a down trend both lines turn Red.
When the Cloud is rising both lines turn to Green.
Because of the code used in order to switch the colors of
Both Lines at the same time I couldn't name Senkou Span A
and Senkou Span B in the "Styles" Tab.
You can still modify the colors to customize chart.
Coming Soon: www.ChrisMoodyTrading.com
//Created By User ChrisMoody //Last Update 12-30-2013 //Special Thanks to Alex in Tech Support. I spent 4 hours and couldn't get it to work and he fixed it in 2 minutes... study(title="CM_Enhanced_Ichimoku Cloud-V3", shorttitle="CM_Enhanced_Ichimoku-V3", overlay=true) turningPeriods = input(9, minval=1), standardPeriods = input(26, minval=1) leadingSpan2Periods = input(52, minval=1), displacement = input(26, minval=1) donchian(len) => avg(lowest(len), highest(len)) turning = donchian(turningPeriods) standard = donchian(standardPeriods) leadingSpan1 = avg(turning, standard) leadingSpan2 = donchian(leadingSpan2Periods) plot(turning, title = 'Tenkan-Sen (9 Period)', linewidth=4, color=white) plot(standard, title = 'Kinjun-Sen (26 Period)', linewidth=4, color=orange) plot(close, title='Chinkou Span (Lagging Line)', linewidth=4, offset = -displacement, color=aqua) spanColor = leadingSpan1>=leadingSpan2 ? lime : red p1 = plot(leadingSpan1, title = 'Senkou Span A (26 Period)', linewidth=4, offset = displacement, color=spanColor) p2 = plot(leadingSpan2, title = 'Senkou Span B (52 Period)', linewidth=4, offset = displacement, color=spanColor) fill(p1, p2, color=silver, transp=40, title='Kumo (Cloud)')