UPDATE!
Now it shows yellow bar when its sell signal and blue bar when its buy.
Now it shows yellow bar when its sell signal and blue bar when its buy.
study(title="Ichimoku Cloud", shorttitle="Ichimoku", overlay=true) conversionPeriods = input(9, minval=1), basePeriods = input(26, minval=1) laggingSpan2Periods = input(52, minval=1) EMAno1 = input(21, minval=1) EMAno2 = input(144, minval=1) EMAno3 = input(377, minval=1) displacement = basePeriods donchian(len) => avg(lowest(len), highest(len)) conversionLine = donchian(conversionPeriods) baseLine = donchian(basePeriods) leadLine1 = avg(conversionLine, baseLine) leadLine2 = donchian(laggingSpan2Periods) plot(conversionLine, color=red, title="Conversion Line") plot(baseLine, color=blue, title="Base Line") plot(close, offset = -displacement, color=green, title="Lagging Span") p1 = plot(leadLine1, offset = displacement, color=green, title="Lead 1") p2 = plot(leadLine2, offset = displacement, color=red, title="Lead 2") ema1=ema(close,EMAno1) ema2=ema(close,EMAno2) ema3=ema(close,EMAno3) //sell signals signal1 = baseLine > conversionLine signal2 = close <= ema1 signal2a = close <= ema2 signal2b = close <= ema3 bottomcloud=leadLine2[displacement-1] uppercloud=leadLine1[displacement-1] signal3 = close<bottomcloud signal3a = close[1]>bottomcloud[1] signal3b = bottomcloud<uppercloud signal4 = close<low[displacement] sellsignal = signal1 and signal2 and signal2a and signal2b and signal3 and signal3a and signal3b and signal4 plotchar(sellsignal, char='S', color=red, location=location.abovebar) barcolor(sellsignal ? yellow : na) signal3x = close<uppercloud signal3ax = close[1]>uppercloud[1] signal3bx = bottomcloud>uppercloud sellsignal2 = signal1 and signal2 and signal2a and signal2b and signal3x and signal3ax and signal3bx and signal4 plotchar(sellsignal2, char='S', color=red, location=location.abovebar) barcolor(sellsignal2 ? yellow : na) /// buy signals nsignal1 = baseLine < conversionLine nsignal2 = close >= ema1 nsignal2a = close >= ema2 nsignal2b = close >= ema3 nsignal3 = close>uppercloud nsignal3a = close[1]<uppercloud[1] nsignal3b = bottomcloud<uppercloud nsignal4 = close>high[displacement] buysignal = nsignal1 and nsignal2 and nsignal2a and nsignal2b and nsignal3 and nsignal3a and signal3b and nsignal4 plotchar(buysignal, char='B', color=blue, location=location.belowbar) barcolor(buysignal ? blue : na) nsignal3x = close>uppercloud nsignal3ax = close[1]<uppercloud[1] nsignal3bx = bottomcloud<uppercloud buysignal2 = nsignal1 and nsignal2 and nsignal2a and nsignal2b and nsignal3x and nsignal3ax and signal3bx and nsignal4 plotchar(buysignal2, char='B', color=blue, location=location.belowbar) barcolor(buysignal2 ? blue : na) fill(p1, p2)