Interactive Ichimoku Box by Tradictorz | Open-Source EditionInteractive Ichimoku Box by Tradictorz | Open-Source Edition
This is the open-source release of Interactive Ichimoku Box by Tradictorz.
The script is designed as a visual Ichimoku-based analysis tool. It combines standard Ichimoku components with interactive projection boxes based on recent high/low ranges. The goal is to help traders visually study price structure, potential range expansion areas, and Tenkan/Kijun relationship directly on the chart.
Main features:
• Ichimoku Tenkan and Kijun lines
• Optional Ichimoku cloud display
• Chikou span display
• Interactive target boxes based on 9-period, 26-period, and 52-period high/low ranges
• Higher and lower projection box options
• Visual Tenkan/Kijun cross indication
• Position label showing current directional bias and price
• Buy/Sell alert conditions based on Tenkan/Kijun crossovers
How it works:
The indicator calculates Ichimoku-style Donchian midpoints for the Conversion Line and Base Line. It then uses recent high/low ranges to draw projected boxes above and below the selected range. These boxes are intended to provide a visual framework for studying possible continuation or expansion zones.
Position label:
The position label displays the current directional state:
• Long: Conversion Line is above Base Line
• Short: Conversion Line is below Base Line
• Range: Conversion Line and Base Line are equal
Alerts:
The script includes alert conditions for:
• Buy Alert: Conversion Line crosses above Base Line
• Sell Alert: Conversion Line crosses below Base Line
Important notes:
This indicator is an analytical and educational tool only. It does not provide financial advice, trade recommendations, or guaranteed buy/sell signals. Historical behavior does not guarantee future results. Always combine this tool with your own analysis, confirmation process, and risk management.
Open-source notice:
This version is published as open source for transparency, educational review, and community feedback. You may inspect the logic, learn from it, and modify it according to PulseWire’s open-source rules. If you reuse or publish modified versions of this script, please follow PulseWire’s House Rules and credit the original author where required.
License:
This source code is subject to the terms of the Mozilla Public License 2.0.
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