Good Morning All,
I have been studying Ichimoku strategy for a while. I’m trying to use the distance between Tenkan-Sen and price. I found this open code on Trading View and I was wonderign if someone can help me to transalte it for Pro Real Time.
Here the code:
//@version=4
study(title=”Tenkan-Sen Kijun-Sen Distance (TKD) Oscillator – Ichimoku”, shorttitle=”TKD”, overlay=false)
conversionPeriods = input(9, minval=1, title=”Tenkan-Sen”)
basePeriods = input(26, minval=1, title=”Kijun-Sen”)
flip = input(false, title=”Flip Colors”)
color_bars = input(true, title=”Color Bars”)
donchian(len) => avg(lowest(len), highest(len))
tenkan = donchian(conversionPeriods)
kijun = donchian(basePeriods)
tk_diff = tenkan > kijun ? tenkan – kijun : kijun > tenkan ? kijun – tenkan : 0
diff_perc = (tk_diff / close) * 100
last_signal = barssince(tenkan < kijun) < barssince(tenkan > kijun) ? -1 : 1
signal = tenkan > kijun or (tenkan == kijun and last_signal == -1) ? 1 : kijun > tenkan or (tenkan == kijun and last_signal == 1) ? -1 : 0
colour1 = signal == 1 ? color.lime : signal == -1 ? color.red : color.blue
colour2 = signal == 1 ? color.red : signal == -1 ? color.lime : color.blue
colour = flip ? colour2 : colour1
bar_color = color_bars ? colour : na
plot(diff_perc, linewidth=2, color=colour)
barcolor(bar_color)
Thanks a lot
Fabio
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