ORTI Ichimoku Cloud (Static Timeframe Multi-Period Ichimoku)
The "ORTI Ichimoku Cloud (Static Timeframe Multi-Period Ichimoku )" is now a public script, based in a existing study named "Ichimoku Kynko Hyo", but with some better functions about time frame and its measurament. As a redesigned and recalculated set of the common plotted averages: Conversion Line Periods and Base Line Periods, of the security's price, as well as the Lagging Span and the Displacement.
Ichimoku Cloud is a chart used in technical analysis that shows support and resistance , and momentum and trend directions for a security or investment. It is designed to provide relevant information at a glance using moving averages (tenkan-sen and kijun-sen) to show bullish and bearish crossover points. The "clouds" (kumo, in Japanese) are formed between spans of the average of the tenkan-sen and kijun-sen plotted ahead (senkou span A) and a plotted midpoint high and low (senkou span B).
The cherry on the top, for this private version: is when you want to get a predetermined count in natural “units of time" as minutes, hours or days, in any graph you could get a static average, and this count will be automatically respected. For example, an average could be configurated to know a trend per day, week or month... or whatever comes to mind, and at every single chart that you move through (5m, 15m, 1h, 4h, etc), you will see the same average to make your own "trend analysis" into a micro/macro market view.
For more technical information: Investopedia
Note: The previous calculation example is not the default, the parameters can be adjusted according to the criteria of the merchant.
Ichimoku Cloud is a chart used in technical analysis that shows support and resistance , and momentum and trend directions for a security or investment. It is designed to provide relevant information at a glance using moving averages (tenkan-sen and kijun-sen) to show bullish and bearish crossover points. The "clouds" (kumo, in Japanese) are formed between spans of the average of the tenkan-sen and kijun-sen plotted ahead (senkou span A) and a plotted midpoint high and low (senkou span B).
The cherry on the top, for this private version: is when you want to get a predetermined count in natural “units of time" as minutes, hours or days, in any graph you could get a static average, and this count will be automatically respected. For example, an average could be configurated to know a trend per day, week or month... or whatever comes to mind, and at every single chart that you move through (5m, 15m, 1h, 4h, etc), you will see the same average to make your own "trend analysis" into a micro/macro market view.
For more technical information: Investopedia
Note: The previous calculation example is not the default, the parameters can be adjusted according to the criteria of the merchant.