Can you kindly help modify/add histogram on slope with two additional colors on the attached volatility indicator? Thank you very much.
Can you explain a bit more what would those two additional two color be?
Ichimoku chart is a great indicator. However, it is messy on the main chart. I’d like to have a MTF indicator that shows MTF status of the Ichimoku chart in histogram (the bars of the histogram are equal in height but in different colors). I’d like it to work this way:
Histogram shows blue when
-Price is above cloud & Tankan sen is above Kijun sen & Chinkou span is above price
Histogram shows red when
-Price is below cloud & Tankan sen is below Kijun sen & Chinkou span is below price
Histogram shows white color when Ichimoku chart is in other status.
Can you please create such a MTF Ichimoku indicator ?
Thanks in advance,
Did you notice my request ?
Yes, I saw it
It can be any 2 colors, what the colors are isn't important, they are colors used when 1) it's above zero line and decreasing, and 2) below zeroline and increasing. These HistogramOnSlope parameters are available in the candle and oscillator versions of this indi but missing from the tape histogram version which i had attached.
Then try this version : it has 4 colors (based on slope and on value compared to 0)
Mladen, thank you again for your speedy response, will try it out now.
A question : Chinkou span is shifted back in the past. How did you want it to be compared to the price? Using the current price and the last value of Chinkou span as equal in time or as they are (in which case last Kijun-sen bars can not be calculated)?
Please compare last value of Chinkou span with price of last bar for which there's a Chinkou span value, i.e., price of 26 days ago in the case of D1 timeframe.
Can you please make this condition for Chinkou span optional ? I.e., in the external input section, add an option "Check Chinkou span=_(true/false)". If I input "true", it will check Chinkou span; if I input "false", it will ignore it.
OK, will do that way
Try this one out. It is a multi time frame and has an option to compare the Chinkou Span to price or not. When you compare the Chinkou span to price then the last Kijun Sen bars will not have values (due to a lack of Chinkou Span values for those bars)
Here is an example : upper is with Chinkou Span turned on and lower is with Chinkou Span turned of