This script shows optional: - distance between close price and Kijun-Sen - distance btween Tenkan-Sen and Kijun-Sen - Background color of current time frame - Background color of the next higher time frame
The TKD is the distance between the Tenkan-Sen and the Kijun-Sen, expressed in percentage of current price. The further apart the tenken-sen and kijun-sen are, the more they want to snap back together. This makes for a decent oscillator. When the Tenkan-Sen is above the Kijun-Sen, the TKD is green. When it is below, the TKD is red. At the crossing points, it turns...
This indicator adds Tenkansen and 3 types of Kijunsen to the OBV chart And making it highly efficient for professional traders. Written based on the teachings of dear Chris
The Tenkan-Sen Strength Analyzer 転換線 is included in the Richimoku Traiding System. Tenkan-Sen Strength Analyzer (Indentify divergences. Know First. Act Faster. A must-have for every Ichimoku trader) *As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time). You'll never see such thing in...