This indicator has different features: 1. Ichimoku = this indicator can plot Ichimoku calculated both in the common formula and with the volume average, you can choose the calculator method for each line. 2. Channel and Bands = this mode allows the user to choose from channel and band, "channel" shows the Keltner channel, and "band" shows the Bollinger bands. Both the indicators are calculated including the volume in the formula of the average midpoint. 3. Color candle = this function allows the user to see two different colors of candles on the chart, the positive color occurs when both the long-term average and the short team average of price calculated using the volume is above the two averages calculated without the volume. This function is great to analyze the volume pressure, useful to identify trend continuation and exhaustion. 4. Extreme reversal zones = this is a version of the Keltner channels calculated over a high number of candles and with high deviation, to identify the potential zones of reversal. Note that in the "Ichimoku" indicator, the backline is the T.R.A.M.A. indicator, created and published open source by Lux Algo, which I thank for the script.
hi Hello, could you update and develop, for example, the option to show a star or arrow at the intersection of base and conversion lines, and make the upper and lower bands more powerful,
thank you.
Thanh_Potter
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I love the way you customize the backline (lagging span) and clouds, both parameters and colors are great. I put a heart here for you. Could you please create more indicators about the Smart Money Concept? Thank you very much.
OmegaTools
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@Thanh_Potter, Thank you so much! i have a lot of script unposted, what do you want to see? I have created a premium indicator, message me if you want to know more about it!
brianbailleul
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Super!
OmegaTools
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@brianbailleul, Thanks! Have you got any indicator you want me to program?
Hello, could you update and develop, for example, the option to show a star or arrow at the intersection of base and conversion lines, and make the upper and lower bands more powerful,
thank you.