CM Enhanced Ichimoku Cloud V5
Ichimoku Cloud Indicator With Cloud Shading Based On Trend!!!
I’m releasing this Indicator b/c of the New Feature that Allows Coding The Fill of The Cloud To Change Colors Based On Trend. However, I will be releasing a Much More Advanced Version Soon!!!
Current Features - Via Inputs Tab:
- Ability to Turn On/Off Every Plot Individually Via Check Box
- Ability To Turn On/Off Tenkan and Kinjun Crosses (Arrows)
***Features Coming Soon - All Will Have Capability to Turn On/Off:
- Bar Color Change when Entering The Cloud
- Filtered Tenkan and Kinjun Crosses To Plot Only With Trend, only Counter Trend, Or All Crosses
- Plot Arrows When Price Exits The Cloud.
- Plot Arrows When Lagging Line Crosses The Cloud Confirmed, or Not Confirmed by Price.
- Plus More!!!
- Basically Ability To Set Alerts Based On Any Condition!!!
WHAT ARE YOUR REQUESTS FOR FEATURES??? Comment Below.
I’m releasing this Indicator b/c of the New Feature that Allows Coding The Fill of The Cloud To Change Colors Based On Trend. However, I will be releasing a Much More Advanced Version Soon!!!
Current Features - Via Inputs Tab:
- Ability to Turn On/Off Every Plot Individually Via Check Box
- Ability To Turn On/Off Tenkan and Kinjun Crosses (Arrows)
***Features Coming Soon - All Will Have Capability to Turn On/Off:
- Bar Color Change when Entering The Cloud
- Filtered Tenkan and Kinjun Crosses To Plot Only With Trend, only Counter Trend, Or All Crosses
- Plot Arrows When Price Exits The Cloud.
- Plot Arrows When Lagging Line Crosses The Cloud Confirmed, or Not Confirmed by Price.
- Plus More!!!
- Basically Ability To Set Alerts Based On Any Condition!!!
WHAT ARE YOUR REQUESTS FOR FEATURES??? Comment Below.
Coming Soon: www.ChrisMoodyTrading.com
//Created By User ChrisMoody //Last Update 10/20/2014 //new Updates include Cloud Color Change based on Trend.based on Trend //Added ability to turn on/off Tenkan-Sen (9 Period), Kinjun-Sen (26 Period), Chinkou Span (Lagging Line), and "Cloud" //Correct Plot Names for Alerts study(title="CM_Enhanced_Ichimoku Cloud-V5", shorttitle="CM_Enhanced_Ichimoku-V5", overlay=true) turningPeriods = input(9, minval=1, title="Tenkan-Sen") standardPeriods = input(26, minval=1, title="Kinjun-Sen") leadingSpan2Periods = input(52, minval=1, title="Senkou Span B") displacement = input(26, minval=1, title="-ChinkouSpan/+SenkouSpan A") sts = input(true, title="Show Tenkan-Sen (9 Period)?") sks = input(true, title="Show Kinjun-Sen (26 Period)?") sll = input(true, title="Show Chinkou Span (Lagging Line)?") sc = input(true, title="Show Cloud?") cr1 = input(false, title="Show Crosses up/down Tenkan-Sen (9 Period) and Kinjun-Sen (26 Period?") //Definitions for Tenkan-Sen (9 Period), Kinjun-Sen (26 Period), Chinkou Span (Lagging Line) donchian(len) => avg(lowest(len), highest(len)) turning = donchian(turningPeriods) standard = donchian(standardPeriods) leadingSpan1 = avg(turning, standard) leadingSpan2 = donchian(leadingSpan2Periods) //Crosses up/down Tenkan-Sen (9 Period) and Kinjun-Sen (26 Period) crossUpTenkanKinjun = turning[1] < standard[1] and turning > standard ? 1 : 0 crossDnTenkanKinjun = turning[1] > standard[1] and turning < standard ? 1 : 0 cupA = crossUpTenkanKinjun == 1 ? crossUpTenkanKinjun : 0 cdnB = crossDnTenkanKinjun == 1 ? crossDnTenkanKinjun : 0 //First Definition for Ability to Color Cloud based on Trend. leadingSpan1Above = leadingSpan1 >= leadingSpan2 ? 1 : na leadingSpan2Below = leadingSpan1 <= leadingSpan2 ? 1 : na //Next 4 lines are code used as plots in order to Color Cloud based on Trend span1plotU = leadingSpan1Above ? leadingSpan1 : na span2plotU = leadingSpan1Above ? leadingSpan2 : na span1plotD = leadingSpan2Below ? leadingSpan1 : na span2plotD = leadingSpan2Below ? leadingSpan2 : na col = leadingSpan1 >= leadingSpan2 ? lime : red //plots for 3 lines other than cloud. plot(sts and turning ? turning : na, title = 'Tenkan-Sen (9 Period)', linewidth=4, color=lime) plot(sks and standard ? standard : na, title = 'Kinjun-Sen (26 Period)', linewidth=4, color=fuchsia) plot(sll and close ? close : na, title='Chinkou Span (Lagging Line)', linewidth=4, offset = -displacement, color=aqua) //Cloud Lines Plot Statements - ***Regular Lines to Fill in Break in Gap plot(sc and leadingSpan1 ? leadingSpan1 : na, title = 'Senkou Span A (26 Period) Cloud', style=line, linewidth=5, offset = displacement, color=col) plot(sc and leadingSpan2 ? leadingSpan2 : na, title = 'Senkou Span B (52 Period) Cloud', style=line, linewidth=5, offset = displacement, color=col) //Cloud Lines Plot Statements - ***linebr to create rules for change in Shading p1 = plot(sc and span1plotU ? span1plotU : na, title = 'Senkou Span A (26 Period) Above Span B Cloud', style=linebr, linewidth=6, offset = displacement, color=col) p2 = plot(sc and span2plotU ? span2plotU : na, title = 'Senkou Span B (52 Period) Below Span A Cloud', style=linebr, linewidth=6, offset = displacement, color=col) p3 = plot(sc and span1plotD ? span1plotD : na, title = 'Senkou Span A (26 Period) Below Span B Cloud', style=linebr, linewidth=6, offset = displacement, color=col) p4 = plot(sc and span2plotD ? span2plotD : na, title = 'Senkou Span B (52 Period) Above Span A Cloud', style=linebr, linewidth=6, offset = displacement, color=col) //Fills that color cloud based on Trend. fill(p1, p2, color=lime, transp=70, title='Kumo (Cloud)') fill(p3, p4, color=red, transp=70, title='Kumo (Cloud)') //Arrow Plots At Tenkan-Sen (9 Period) and Kinjun-Sen (26 Period) plotarrow(cr1 and cupA ? cupA : na, title="CrossUp Tenkan Kinjun Entry Arrow", colorup=yellow, maxheight=90, minheight=50, transp=0) plotarrow(cr1 and cdnB*-1 ? cdnB*-1 : na, title="CrossDn Tenkan Kinjun Entry Arrow", colordown=yellow, maxheight=90, minheight=50, transp=0)
