This Ichimoku Oscillator creates different oscillator layers, calculates the trend and possible entry/exit levels by using Ichimoku Cloud features.
There are four layers:- The distance between closing price and cloud (min or max, depending on the main trend)
- The distance between Lagging and Cloud X bars ago (X: the displacement)
- The distance between Conversion and Base lines
- The distance between both Leadlines
Example:![Ichimoku Oscillator [LonesomeTheBlue] in TradingView - Pine Script Indicators_topic=4580](https://www.forex.zone/dlattach/topic=4580.0;attach=79445;image "Ichimoku Oscillator [LonesomeTheBlue] in TradingView - Pine Script Indicators_topic=4580")
Features:- Optionally ATR (average true range) is used for Conversion and baseline for protection from whipsaws. you can use it to stay on the trend longer time.
- There are options to enable/disable the alert and customize alert messages. You can change alert messages as you wish. If you use 'close' in the alert message then you can get closing price in the alert message when the alert was triggered.
- There is an option Bounce Off Support/Resistance, if there is trend and if the price bounce off Support/Resistance zone then a tiny triangle is shown.
- There are many other options for coloring, alerts, etc...
Availability:Linkback: https://www.forex.zone/tradingview-pine-script-indicators/41/ichimoku-oscillator-lonesometheblue/4580/
