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 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