Here is my take on Ichimoku Cloud, Multiple Time Frames, based on the most excellent work of "PineCoders" (MTF Selection Framework functions)!
The big advantage is that on 1 image you can easily see where price is compared to Ichimoku Cloud patterns (each of different Time Frames). This gives a lot of Support and Resistance area's!
I restricted the amount of MTF's at 2, more is just too messy
To make it more clear: - Conversion line and Baseline in present timeframe : thick line - Conversion line and Baseline in Higher Time Frame (HTF 1) : thin line - Conversion line and Baseline in Higher Time Frame (HTF 2) : line with circles
All lines has labels at the right of the line with corresponding Time Frame
Since some prefer different settings with higher Time Frames, each period in each Time Frame can be changed
The Time Frames itself can be chosen: - or a multiple of present Time Frame - or a fixed chosen Time Frame
Thanks!
Phát hành các Ghi chú
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Just some tweaking
It is important to mention that it works alone with continue charts, I mean like crypto, where trading happens non-stop.
Stock, Futures, ... where trading stops in the day and weekends doesn't mix with this script, sorry...
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Fixed the issue regarding stock, Futures, ... Normally MTF Ichimoku Cloud will perform as intended
Thanks!
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small fixes
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update
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Small fixes
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Small adjustments for overlapping
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Deleted 2 labels since the scripts doesn't work anymore (it used to work though...)
first of all: Thank you for this script now to my question: i changed the timeframes to fixed 1h and 4h since those are most important in my eyes but when im looking at the 1 h or 4 h time frame i still get 3 clouds (while there should be only 2 (2 clouds perfectly overlapping+ 1 from the 1h or 4h timeframe) how can i change this offset thanks in advance
jyang98il
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Hey - does this still work? Seems like it works for some reason on BTC and ETH but not something like UNI @fikira
fikira
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@jyang98il, I don't quite understand, it is working for me, have you tried the last version?
smegaolprecious
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First of all thank you @fikira, i have a query regarding an issue i am facing. i cannot attach the charts here. is it possible to message you?
Great work as always thank you @fikira Can I ask which is the volume script on this chart please
fikira
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@IamDobby, Thanks!
The Volume script is just a variant of the Tradingview "volume":
study(title="Volume", shorttitle="Vol", format=format.volume)
showMA = input(true)
len = input(10, "Length")
barColorsOnPrevClose = input(title="Color bars based on previous close", type=input.bool, defval=false)
palette = barColorsOnPrevClose ? close[1] > close ? color.red : color.lime : open > close ? color.red : color.lime
plot(volume, color = palette, style=plot.style_columns, title="Volume", transp=0)
plot(showMA ? sma(volume,len) : na, style=plot.style_area, color=#000000 , title="Volume MA area", transp=35)
plot(showMA ? sma(volume,len) : na, style=plot.style_line, color=color.white, title="Volume MA line", transp=25)
MachineMatrix
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@fikira, You are so helpful brother, Thank you again I really do appreciate everything you provide here.
Can I ask one thing is it possible to have a code line that would also show bull/bear crosses.?