Release Notes: - Trend trading tool - When the monthly range line or cloud is blue, the trend is up, vice-versa for orange/red. - Length auto-adjusts for every timeframe. This indicator does not work on weekly and above timeframes. - Monthly line color change doesn't work on some things like forex because the price is too low
The origin of this concept is not from Ichimoku so I can't speak on whether or not it can be used in the same way. This came from an attempt to recreate Murray Math Lines that didn't go very well.
Taking the highest and lowest of particular ranges is a great way to find an average/framework of price action. It works especially well when using geometric mean, which works towards making an average of price.
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진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.