Ichimoku + ROC Smart Trend StrategyG's Secret v1
This strategy combines Ichimoku Cloud structure with Rate of Change (ROC) momentum, enhanced by:
• 🔄 Adaptive trailing stop logic using ATR
• 🧠 Anti-chop filters to avoid sideways market noise
• ❄️ Cooldown system to reduce overtrading
Awan Ichimoku
Kojiro Dynamic Support|ResistanceGreetings to the community traders.
I offer you an addition to the Ichimoku Kinho Hyo indicator.
This indicator automatically draws dynamic resistance and support lines based on the theory of Mr. Kojiro.
The lines are drawn from the high and low you select to the Senkou Span A and B points from the highest time frame.
I hope this indicator will complement and improve your trading!
Please note that the basic value of the Kumo cloud line indent is 25 candles due to the specifics of the Trading View calculations.
Ichimoku BoxIntroducing Ichimoku Box Indicator:
Key Features:
Customizable Box Periods: Adjustable box periods with default settings of 9, 26, and 52.
Shifted Span A and Span B Points: Easily adjustable shifts and colors.
Additional Box Option: Capability to add an extra box for more detailed analysis.
High and Low Markers: Identifies the highest and lowest candle within each box with distinct markers.
Candle Countdown Timer: Displays the remaining candles before a box loses its high or low.
Drag-and-Drop Functionality: Move boxes to any position on the chart with a vertical line.
Automatic Box Drawing: When the indicator is first applied, a vertical line appears on the mouse cursor, and clicking on any point automatically draws the boxes.
How It Works:
The indicator allows users to visualize Ichimoku periods as boxes, highlighting key price levels and shifts in market structure. It simplifies the analysis process by providing visual cues and customizable settings for enhanced flexibility.
Multi-Timeframe RPM Gauges with Custom Timeframes by DiGetIntroducing the **Multi-Timeframe RPM Gauges with Custom Timeframes + RSI Combos (mod) by DiGet** – a cutting-edge TradingView indicator meticulously crafted to revolutionize your market analysis.
Imagine having a dynamic dashboard right on your chart that consolidates the power of nine essential technical indicators—RSI, CCI, Stochastic, Williams %R, EMA crossover, Bollinger Bands, ATR, MACD, and Ichimoku Cloud—across multiple timeframes. This indicator not only displays each indicator’s score through an intuitive gauge system but also computes a combined metric to provide you with an at-a-glance understanding of market momentum and potential trend shifts.
**Key Features:**
- **Multi-Timeframe Insight:**
Configure up to four custom timeframes (e.g., 1, 5, 15, 60 minutes) to capture both short-term fluctuations and long-term trends, ensuring you never miss critical market moves.
- **Comprehensive Signal Suite:**
Benefit from a harmonious blend of signals. Whether you rely on momentum indicators like RSI and CCI, volatility measures like Bollinger Bands and ATR, or trend confirmations via EMA, MACD, and Ichimoku, every metric is normalized into actionable percentages.
- **Dynamic, Color-Coded Gauge Display:**
A built-in table presents all your data in a clear, color-coded format—green for bullish, red for bearish, and gray for neutral conditions. This visual representation allows you to quickly gauge market sentiment without sifting through complex charts.
- **Customizable Layout:**
Tailor your experience by toggling individual table columns. Whether you want to focus solely on RSI or dive deep into combined metrics like RSI & CCI or RSI & MACD, the choice is yours.
- **Optimized Utility Functions:**
Proprietary functions standardize indicator values into percentage scores, making it simpler than ever to compare different signals and spot opportunities in real time.
- **User-Friendly Interface:**
Designed for both beginners and seasoned traders, the straightforward input settings let you easily adjust technical parameters and timeframes to suit your personal trading strategy.
This indicator is not just a tool—it’s your new trading companion. It equips you with a multi-dimensional view of the market, enabling faster, more informed decision-making. Whether you’re scanning across various assets or drilling down on a single chart, the Multi-Timeframe RPM Gauges empower you to interpret market data with unprecedented clarity.
Add this indicator to your TradingView chart today and experience a smarter, more efficient way to navigate the markets. Join the community of traders who have elevated their analysis—and be ready to receive countless thanks as you transform your trading strategy!
WaridTR15 Dakika ve Üzeri Periyotlar İçin Önerilen Ayarlar:
EMA Uzunlukları:
Kısa EMA: 9 yerine 12 veya 14 kullanılabilir.
Uzun EMA: 21 yerine 26 veya 50 kullanılabilir.
Golden Cross için 50 EMA ve 200 EMA zaten uzun vadeli trendleri yakalar, bu nedenle değiştirmeye gerek yok.
RSI Uzunluğu:
RSI uzunluğu 14 yerine 21 veya 28 yapılabilir. Bu, daha uzun vadeli aşırı alım/aşırı satım bölgelerini daha doğru tespit eder.
Volume Filtresi:
Volume ortalaması için 20 periyot yerine 50 veya 100 periyot kullanılabilir. Bu, daha uzun vadeli hacim eğilimlerini yakalar.
Ichimoku Parametreleri:
Ichimoku, varsayılan olarak 9-26-52 periyotlarıyla çalışır. Bu, zaten uzun vadeli trendleri yakalamak için uygundur. Ancak, daha uzun periyotlar için:
Tenkan-Sen: 9 yerine 14.
Kijun-Sen: 26 yerine 52.
Senkou Span B: 52 yerine 104.
Ichimoku(TF)This Pine Script indicator is a comprehensive Ichimoku Cloud implementation designed for TradingView. Its uniqueness lies in the precisely calculated settings for each timeframe, offering a tailored Ichimoku experience across different chart resolutions.
Key Features:
Timeframe-Specific Presets: The indicator includes a wide range of pre-defined settings optimized for various timeframes (1m, 2m, 3m, 5m, 10m, 15m, 30m, 45m, 1H, 2H, 3H, 4H, 6H, 12H, 18H, 1D, 3D, 1W, 1M). This ensures accurate Ichimoku calculations and relevant signals for your chosen timeframe.
Ichimoku Cloud: Plots the standard Ichimoku Cloud components: Tenkan-sen (Conversion Line), Kijun-sen (Base Line), Senkou Span A & B (Leading Spans), and Chikou Span (Lagging Span).
Configurable Display: Allows toggling the Ichimoku Cloud display, coloring bars based on the trend (above or below the cloud), and customizing table visibility, style, font size and position.
Trend Analysis Table: A summary table provides a quick overview of the current trend based on Ichimoku components. It assesses the strength of the trend based on the price's relation to the Tenkan-sen, Kijun-sen, Kumo Cloud, Chikou Span and Kumo Twist. The table offers both detailed and short styles.
Buy/Sell Signals: Generates buy and sell signals based on Tenkan-sen/Kijun-sen crossovers.
Uniqueness:
The primary advantage of this indicator is its meticulous configuration for different timeframes. Instead of using a single set of parameters for all timeframes, it provides optimized values that are more suitable for specific chart resolutions. The summary table provides an easy and quick way to assess the trend.
Этот индикатор Pine Script представляет собой комплексную реализацию облака Ишимоку, разработанную для TradingView. Его уникальность заключается в точно рассчитанных настройках для каждого таймфрейма, предлагая индивидуальный опыт Ишимоку для различных разрешений графиков.
Ключевые особенности:
Предустановки для конкретных таймфреймов: Индикатор включает в себя широкий спектр предопределенных настроек, оптимизированных для различных таймфреймов (1m, 2m, 3m, 5m, 10m, 15m, 30m, 45m, 1H, 2H, 3H, 4H, 6H, 12H, 18H, 1D, 3D, 1W, 1M). Это обеспечивает точные вычисления Ишимоку и релевантные сигналы для выбранного вами таймфрейма.
Облако Ишимоку: Отображает стандартные компоненты облака Ишимоку: Tenkan-sen (линия конверсии), Kijun-sen (базовая линия), Senkou Span A & B (ведущие диапазоны) и Chikou Span (запаздывающий диапазон).
Настраиваемое отображение: Позволяет переключать отображение облака Ишимоку, окрашивать бары в зависимости от тренда (выше или ниже облака), а также настраивать видимость таблицы, стиль, размер шрифта и положение.
Таблица анализа тренда: Сводная таблица обеспечивает быстрый обзор текущего тренда на основе компонентов Ишимоку. Он оценивает силу тренда на основе отношения цены к Tenkan-sen, Kijun-sen, облаку Kumo, Chikou Span и Kumo Twist. Таблица предлагает как подробный, так и краткий стили.
Сигналы покупки/продажи: Генерирует сигналы покупки и продажи на основе пересечений Tenkan-sen/Kijun-sen.
Уникальность:
Основным преимуществом этого индикатора является его тщательная настройка для разных таймфреймов. Вместо использования единого набора параметров для всех таймфреймов он предоставляет оптимизированные значения, которые больше подходят для конкретных разрешений графиков. Сводная таблица обеспечивает простой и быстрый способ оценки тренда.
MTF Ichimoku Conversion Line SMA with H/L mirrored levelsWelcome to MTF Ichimoku Conversion Line with SMA Highs/Lows Extended Lines!
1. Overview
It is designed to provide a multi-timeframe view of market trends and potential support/resistance levels by obtaining a Simple Moving Average (SMA) of the Conversion Line of Ichimoku Equibilium (Ichimoku Kinko-Hyo), which acts as a substantial trend line on the candlestick chart. The SMA of the conversion line smooths out price fluctuations and indicates the overall trend direction—if the candles are above it, the trend can be read as an uptrend, while below it, the trend can be read as a downtrend.
2. Calculation
The indicator first calculates the Conversion Line (see the description of Ichimoku theory anywhere, e.g., Wikipedia), as the average of the highest high and lowest low over a user-defined period (Conversion Line Length, default is 9, also recommended is 9).
It then retrieves this Conversion Line from a higher timeframe (MTF Timeframe) to add a broader perspective. Using a specified period (SMA Length)., an SMA is computed on this multi-timeframe conversion line. This SMA serves as a trend line that visually represents the prevailing price trend, making it easier to assess market direction.
3. Pivot Highs/low detection and drawing their extensions
In addition, the indicator identifies pivot highs and lows from the SMA data using a defined pivot length. When these pivots occur, horizontal lines are drawn and extended across the chart. These extended lines (drawn in a yellowish color by default) include a full extension, a half extension, and a middle extension line representing the midpoint between the high and low pivot.
4. Mirror lines
The indicator also offers optional mirror line features. When the Mirror Upside option is enabled, five additional lines are drawn above the highest extended yellow line at equal intervals. Similarly, when the Mirror Downside option is enabled, five lines are drawn below the lowest extended yellow line. These light gray mirror lines serve as extra reference levels, which can help identify potential support or resistance zones.
5. Parameters
User parameters include:
- Conversion Line Length: The period used to calculate the conversion line.
- MTF Timeframe: The higher timeframe from which the conversion line is obtained.
- SMA Length: The period over which the SMA is calculated on the conversion line.
- SMA Mode: A toggle to display either the SMA or the raw conversion line (SMA recommended).
- SMA Line Width: The thickness of the SMA line.
- Pivot Length for SMA Highs/Lows: The period used to detect pivot highs and lows in the SMA.
- Horizontal Extension: Number of bars by which the pivot and extended lines are drawn across the chart
- Colors for High and Low Pivot Lines and Extended Lines: Customizable colors are used to draw the lines.
Mirror Upside and Mirror Downside: These options enable drawing additional mirror lines above and below the extended lines.
- Hide Old Lines: An option to hide previous pivot lines once new ones are drawn for a cleaner chart. Turned on by default.
6. Conclusion
Overall, the Conversion Line SMA in this indicator smooths out the conversion line data and effectively functions as a trend line for the candlestick chart, helping traders visually interpret the underlying market trend. The extended and mirror lines provide further context for potential price reversal or continuation areas, making this a powerful tool for multi-timeframe technical analysis.
Ichimoku Score Indicator [tanayroy]The Ichimoku Cloud is a comprehensive indicator that provides a clear view of market states through five key components. By analyzing the interaction between these components and the asset's price, traders can gain insights into trend direction, momentum, and potential reversals.
Introducing the Ichimoku Score System
I have developed a scoring system that quantifies these interactions, offering an objective method to evaluate market conditions. The score is calculated based on the relative positioning of Ichimoku components, with adjustable weightings via user input.
Scoring Criteria
Each component contributes to the overall score as follows:
Price vs. Cloud (Kumo) & Other Components
Price vs. Kumo → 2 Points
Price vs. Kumo Shadow → 0.5 Points
Tenkan vs. Kijun
Tenkan vs. Kijun → 2 Points
Tenkan vs. Kumo → 0.5 Points
Kijun vs. Kumo → 0.5 Points
Tenkan Slope → 0.5 Points
Kijun Slope → 0.5 Points
Chikou Span Interactions
Price vs. Chikou → 2 Points
Chikou vs. Kumo → 0.5 Points
Chikou Consolidation → 0.5 Points
Senkou Span Analysis
Senkou A vs. Senkou B → 2 Points
Senkou Slope → 0.5 Points
Price vs. Key Levels
Price vs. Tenkan → 2 Points
Price vs. Kijun → 2 Points
Interpreting the Score
The aggregate score functions as an oscillator, fluctuating between a range of ±16.0.
A higher score indicates strong bullish momentum.
A lower score suggests bearish market conditions.
To enhance readability and smooth fluctuations, a 9-period SMA is applied to the score.
Application in Algorithmic Trading
This scoring system helps integrate Ichimoku Cloud principles into algorithmic trading strategies by providing a structured and quantifiable method for assessing market conditions.
Would love to hear your feedback! 🚀 Let me know how this system works for you.
Ultimate Market Rhythm Scanner FXReady to feel like a chart-wielding wizard? The Ultimate Market Rhythm Scanner FX is here to supercharge your Forex analysis by piping in multi-timeframe goodness from up to 10 OANDA currency pairs. You’ll see structure breakouts, Ichimoku signals, MACD pulses, RSI/Bollinger momentum waves, and candlestick patterns—all at once.
Think of it as your own personal mission control dashboard, scanning the FX galaxy and beaming back color-coded signals so you know instantly where the market action is hottest. Remember, to keep the data aligned, you’ll want to load this indicator on an OANDA FX pair chart (like OANDA:EURUSD) so everything lines up perfectly behind the scenes.
Key Features
Market Structure Wizardry
Locates pivot highs and lows (Higher High, Lower Low, etc.)
Spots breakouts above/below these pivots
Shouts out “CHoCH” (Change of Character) when structure flips from bullish to bearish (or vice versa)
If you want to understnd more about the market structure logic in this script check out my other script, it uses the same logic:
Tracks price above/below the Ichimoku Cloud
Flags Tenkan/Kijun crosses for bullish or bearish setups
MACD & SMI Insights
MACD line vs. Signal Cross & crossing the Zero line
SMI crosses in overbought/oversold “zones” (because pure oscillator mania is cool)
Momentum Radar
Mashes up RSI + Bollinger + Ichimoku for either “Bullish,” “Bearish,” or “Neutral”
Also checks a separate Daily timeframe for cosmic perspective
Candlestick Pattern Goodness
Detects common candle formations (Hammer, Hanging Man, Marubozu, etc.)
Tells you exactly how many bars ago they flashed their signals
Time Fade Magic
Recent signals shine bright
Older signals fade out like invisible ninjas after a user-defined number of bars
Explanation of Settings
Below lies the control panel for your new chart-snooping sidekick:
Symbol Settings (Symbol 1...Symbol 10)
Select multiple FX OANDA pairs (like OANDA:AUDUSD).
Each pair spawns a new column in the scanner table.
Ensure your chart is also set to an OANDA pair—the script only speaks “OANDA.”
Ichimoku Settings
Use Ichimoku Filter: Toggles everything Ichimoku.
conversionPeriods, basePeriods, laggingSpan2Periods, displacement: The classic Ichimoku parameters to mold your cloud magic.
Pivot Logic
Pivot Source: Wicks vs. Closes for pivot detection.
BOS Confirmation: If you prefer breakouts confirmed by wicks or closes.
Left Swing Length: Bars left for pivots.
Right Swing Length High / Low: Bars right for pivot confirmation.
Invert Right Swing in Bearish Trend: Auto-flip logic when gloom takes over. This means right swing size high value will become right swing size low value in a bearish trend (determined by latest CHoCH).
RSI & Bollinger
RSI Period: The heartbeat of RSI.
RSI Overbought / Oversold: Thresholds for RSI mania.
BB Length / StdDev: The Bollinger band radius for measuring price expansions.
MACD
fastLength, slowLength, signalLength: The trifecta that shapes your MACD wave.
SMI Settings
Nested variables for SMI’s K, D, and EMA lengths.
Overbought and Oversold levels for zone detection.
Time Display Settings
Fade out old signals: Turn the fade effect on/off.
Fade After X Bars: The number of bars after which signals do a ghost trick.
Fade Transparency: How ghostly (0–100) those old signals become.
Table Settings
Show Table: Summon or banish the entire scanner table.
Table Position: Choose the quadrant for your new data-loving sidekick.
Table Text Size: Big or small text for those crucial signals.
Table Layout
With “Show Table” on, a futuristic readout appears, listing:
Columns: Each symbol’s name runs across the top (up to 10).
Rows: A row for each technical aspect, such as:
Last Pivot (pivot) – The most recent pivot type (HH, HL, LH, LL) and how many bars ago.
Last CHoCH – Crows “▲/▼ X bars ago” if structure reversed.
Ichi Cloud (ichi) – Tells you if price soared above or dived below the Cloud.
Multi Mom D (momentum_d) – A daily momentum label (Bullish/Bearish/Neutral). It shows you daily momentum even on times frames lower than the daily. Multi Mom D is not reliable if the chart is on a time frame higher than the daily.
Multi Mom (momentum) – Current timeframe momentum label.
SMI ZONE (smizone) – If SMI’s in a bullish or bearish zone.
MACD 0 LINE (macdzero) – Number of bars since crossing zero.
SMI CROSS (smicross) – A bullish or bearish cross in overbought/oversold territory.
TK Cross (tk) – Tenkan/Kijun cross and how many bars ago.
MACD Cross (macd) – MACD crossing above/below its signal line.
Last Pattern (lastpat) – The candle pattern found and bars since it popped.
Pattern (pattype) – The name of that pattern (Hammer, Hanging Man, etc.).
Each cell can be tinted in a blue-ish glow for bullish vibes, or a purple shade for bearish signals. The “bars ago” text helps you see how fresh the signal is—fewer bars = more relevant.
Usage Notes
OANDA Chart is King
Always apply this indicator on an OANDA-based chart (e.g., OANDA:GBPJPY). If you deviate, the script might not retrieve data properly from the OANDA feed.
Symbol List
For each of the symbols inputs, pick your favorite currency crosses (all from the OANDA universe).
Timeframes
The script runs on your current chart’s timeframe for near-term action.
It simultaneously checks the daily timeframe to measure high-level momentum.
Fade-Out Feature
By default, signals older than 5 bars fade out. Adjust in “Time Display Settings” if you want them to linger.
Confluence is King
If a pivot breakout, bullish Ichimoku cross, and an SMI overbought cross all light up at once, you might have a short-term rocket on your hands. Always confirm with your trading plan!
Summary
Embrace your inner data nerd with the Market Rhythm Scanner FX—the ultimate multi-asset intelligence platform for OANDA Forex pairs. From subtle pivot changes to daily momentum shifts, from candle patterns to MACD fireworks, it’s all consolidated into one easy-to-digest control panel.
Step 1: Load up an OANDA chart (like “OANDA:EURUSD”).
Step 2: Enter your chosen OANDA pairs under “Symbol Settings.”
Step 3: Geek out over the instant real-time multi-indicator table, letting you see which instruments are sizzling or fizzling.
No more frantic tab-hopping. Save your mental bandwidth for the big decisions.
Let the Ultimate Market Rhythm Scanner FX be your ever-watchful sidekick, scanning the charts so you can conquer the Forex battlefield like the tech-savvy champion you are!
This script is free to use at present, but I reserve the right to move it behind a paywall in the future.
ZenAlgo - HazeThe ZenAlgo - Haze indicator offers an advanced framework for analyzing market trends, momentum shifts, and potential reversals. By integrating dynamic crossovers, predictive zones, and historical validation into a single tool, it provides traders with actionable insights for better decision-making. Its configurable settings for Crypto and Traditional adapt seamlessly to the unique characteristics of each market.
Features
Dynamic Trend Labels: Identifies "Bull," "Bear," "Super Bull," and "Super Bear" states based on crossover logic, price levels, and historical trends.
Market-Specific Adaptability: Switch between Crypto and Traditional settings for optimized analysis tailored to each market’s behavior.
Predictive Kumo Cloud: Forward-projected support and resistance zones help traders anticipate potential price movements.
Lagging Span Validation: Validates trends using historical price context for improved reliability.
Integrated Signals and Alerts: Combines crossovers and momentum shifts with real-time alerts for trend confirmation.
Added Value: Why Is This Indicator Original/Why Shall You Pay for This Indicator?
The Haze indicator differentiates itself through a carefully designed synergy of components, providing a depth of analysis that extends beyond traditional Ichimoku or Donchian-based indicators. Here’s what makes it valuable to traders:
1. Dynamic and Contextual Market Labels
Labels like Bull , Bear , Super Bull , and Super Bear do not merely indicate crossovers but also account for the relative position of price to predictive cloud zones and historical trends. This layered approach ensures signals are contextual and provide a clear understanding of the market's underlying strength or weakness.
These states are especially powerful because they simplify decision-making by summarizing complex market dynamics into actionable insights.
2. Market-Specific Optimization
The ability to switch between Crypto and Traditional configurations adapts the indicator to specific market conditions. For instance, Crypto's volatility requires wider periods for trend calculations, while Forex's tighter price movements benefit from shorter, more reactive settings. This adaptability ensures precision without needing multiple separate tools.
3. Predictive Insights
The forward-shifted Kumo cloud is designed to anticipate future support and resistance zones. Unlike reactive indicators that only analyze past data, this predictive feature gives traders an edge by offering a glimpse into potential price movements.
4. Integrated Synergy
The integration of components—Donchian channels for trend calculation, Kumo cloud for projections, and Lagging Span for historical validation—creates a holistic system. These components are not merely combined but interact to validate and reinforce each other's signals, reducing noise and increasing reliability.
5. Simplification Without Sacrificing Depth
By consolidating multiple elements into a single interface, Haze reduces chart clutter. It eliminates the need for traders to interpret separate indicators manually, saving time and improving clarity. This streamlined approach is particularly useful for traders working in fast-paced markets like Crypto.
How It Works
1. Dynamic Trend Detection
The indicator evaluates crossovers between the conversion and baseline lines. However, these are not simple crossovers—Haze analyzes the relative position of the price to the forward-displaced cloud and validates signals based on historical context (Lagging Span). For example:
A Super Bull signal is generated only when the conversion line crosses above the baseline, remains above the cloud, and is supported by rising price trends. This ensures that the signal reflects sustained bullish momentum rather than temporary spikes.
Similarly, a Super Bear signal requires the price and conversion line to be below the cloud, validated by a consistent downward trend.
2. Forward-Projected Kumo Cloud
The Kumo cloud is calculated by projecting key levels derived from Donchian channels into the future. This feature helps traders identify upcoming areas of support and resistance, enabling them to anticipate market behavior rather than reacting to it.
Cloud thickness indicates the strength of these zones; a wide cloud reflects robust support or resistance, while a narrow cloud suggests potential indecision or consolidation.
3. Lagging Span Validation
By plotting the current price backward, the Lagging Span provides historical validation of trends. For example:
If the Lagging Span remains above the cloud and price, it reinforces the bullish trend.
Conversely, if it falls below the cloud and price, it confirms bearish conditions. This backward-looking validation ensures that current signals are consistent with past market behavior.
4. Real-Time Alerts
Alerts are triggered when the Fast and Slow lines (calculated from Donchian channels) cross. These alerts are offset by the cloud’s displacement period to align with forward projections. This ensures t
5. Multi-Layered Label System
The indicator dynamically adjusts the visibility of labels based on the detected market state, providing traders with concise yet comprehensive feedback. For example:
Bull and Bear labels appear for preliminary signals, while Super Bull and Super Bear labels are reserved for high-confidence trends that meet stricter conditions.
6. Market-Specific Configurations
For Crypto, the indicator uses longer periods to capture broader trends and account for high volatility.
For Traditional, shorter periods provide quicker signals, tailored to the relatively stable nature of currency pairs.
Usage Examples
The Haze indicator is designed to be intuitive yet comprehensive, offering multiple layers of analysis to guide traders. Here's how to interpret its outputs effectively:
1. Interpreting Labels
Bull and Bear : Indicate the start of potential upward or downward momentum. These labels appear when the conversion line crosses the baseline but remain within or near the cloud, signaling a trend shift with moderate confidence.
Super Bull and Super Bear : Represent strong, confirmed trends. These labels require the conversion line and price to remain firmly above (Super Bull) or below (Super Bear) the cloud, validated by consistent price movements in the same direction.
Use the Super labels as confirmation of robust trends with high reliability, ideal for entering longer-term positions or scaling into existing trades.
2. Using the Kumo Cloud
The cloud serves as a visual representation of projected support and resistance levels.
Wide Cloud Zones: Indicate strong barriers, suggesting significant price consolidation or resistance at those levels.
Narrow Cloud Zones: Suggest weaker areas of support or resistance, often seen during periods of low volatility or indecision.
Above the Cloud: Signals a bullish market condition, where price is more likely to find support near the upper cloud boundary.
Below the Cloud: Indicates bearish conditions, with resistance likely near the lower cloud boundary.
3. Incorporating Alerts
Alerts for Fast/Slow Crossover provide a timely signal of potential momentum shifts.
A Cross Up occurring near or above the cloud strengthens bullish momentum.
A Cross Down near or below the cloud reinforces bearish momentum.
Use these alerts to refine entry and exit points, particularly in trending markets.
4. Validating Trends with the Lagging Span
The Lagging Span acts as a confirmation tool, validating current trends against historical price levels:
If the Lagging Span is above both the cloud and the current price, it confirms a strong bullish trend.
If it is below both the cloud and the price, it reinforces a bearish trend.
5. Multi-Timeframe Analysis
Analyze the indicator across multiple timeframes to gain a broader perspective on the market.
Use higher timeframes (e.g., daily or 4-hour charts) to identify dominant trends.
Use lower timeframes (e.g., 1-hour or 15-minute charts) for precise entry and exit points within the context of the larger trend.
6. Combining Labels and Cloud Zones
A Bull label within the cloud indicates a nascent uptrend but warrants caution until price moves above the cloud.
A Super Bull label above the cloud confirms strong bullish momentum, making it a high-confidence signal for taking long positions.
Conversely, a Super Bear label below the cloud signals strong downward momentum and potential shorting opportunities.
By interpreting these elements together, traders can gain a clearer understanding of market conditions and make more informed decisions without relying on multiple separate tools.
Limitations
Low-Volume Markets: In illiquid markets, such as some altcoins or exotic forex pairs, signals may be less reliable. Pair the indicator with additional tools like RSI or Bollinger Bands to filter out noise.
Sideways Markets: During periods of consolidation, frequent crossovers may produce false signals. Use complementary tools to confirm breakout conditions.
Short Timeframes: On very short timeframes (e.g., 1-minute charts), market noise may lead to unreliable signals. Applying the indicator to higher timeframes can improve reliability.
Volatile Events: In markets with extreme volatility, signals may lag behind rapid price movements. For better results, combine the indicator with a volatility filter, such as the Average True Range (ATR).
Important Notes
The indicator is a technical tool designed to support market analysis and should be used alongside other strategies, including fundamental analysis and sound risk management.
Always use stop-loss orders and proper position sizing to mitigate risks, particularly in volatile or uncertain market conditions.
This indicator does not guarantee trading success or profit and should be used as part of a comprehensive strategy.
Ichimoku ACE ClubA. Overview:
This script is a custom implementation of the Ichimoku Cloud indicator for the TradingView platform, built using Pine Script version 4. It adds additional features like custom "Knife" lines and circle markers for specific data points. The indicator overlays on the chart and plots various elements of the Ichimoku system, including the Tenkan, Kijun, Chikou, and Kumo Cloud.
B. Inputs:
1. Tenkan (TS): This is the short-term moving average line (default period: 9).
2. Kijun (KJ): This is the medium-term moving average line (default period: 17).
3. Knife1 (K1): This line is based on a longer-term moving average (default period: 65).
4. Knife2 (K2): Another long-term moving average line (default period: 129).
5. Chikou Displacement (Chikou_Disp): The Chikou Span is plotted with a delay of 26 periods by default.
6. Displacement (disp): Determines the horizontal shift of the Kumo cloud.
C. Functions:
- `donchian(len)`: This function calculates the Donchian channel, which is the average of the highest high and the lowest low over the given period (len).
- `mf(len, offset)`: This function calculates the highest high and the lowest low over the given period, with an offset applied.
D. Plots:
1. Tenkan, Kijun, Knife1, and Knife2: These are plotted as lines with different colors and thicknesses.
- Tenkan is blue.
- Kijun is red.
- Knife1 is yellow.
- Knife2 is orange.
2. Chikou Span: This is plotted with a displacement and shown in purple.
3. Kumo Cloud: The cloud is formed by plotting two lines, Span A (green) and Span B (magenta), which represent the top and bottom of the cloud, respectively. The space between these lines is filled with a semi-transparent color, either green or magenta, depending on the relative position of the two spans.
E. Circle Markers:
- Additional circle markers are plotted for each of the Tenkan, Kijun, Knife1, and Knife2 lines at various offsets, helping to visualize the historical data points for each of these indicators. These circles are color-coded according to the line they correspond to.
F. Customization:
- The indicator allows customization of the lengths (periods) for Tenkan, Kijun, Knife1, Knife2, and other components via the script's input fields.
G. Conclusion:
This Ichimoku-based indicator provides a detailed view of the market's trend strength and direction. It offers a unique addition with the Knife lines and visual aids like circle markers for specific periods, which helps traders make better-informed decisions based on Ichimoku analysis.
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You can modify the parameters such as `TS`, `KJ`, `K1`, `K2`, and `disp` according to your trading preferences. The colors and line thicknesses can also be adjusted for better visual representation.
Ichimoku by FarmerBTCLegal Disclaimer
This strategy, "Ichimoku by FarmerBTC," is provided for educational and informational purposes only. It does not constitute financial advice and should not be relied upon as such. Trading and investing involve substantial risk, including the potential for losing more than your initial investment. Past performance is not indicative of future results. Always consult with a qualified financial advisor before making trading or investment decisions. The author of this strategy is not responsible for any financial losses incurred through its use.
Overview
The "Ichimoku by FarmerBTC" strategy is a trend-following system built on the Ichimoku Cloud indicator, enhanced with volume analysis and a high-timeframe Simple Moving Average (HTF SMA) condition. It is designed to identify long-only trade opportunities and performs optimally on higher timeframes, such as the daily chart or above.
Core Components
1. Ichimoku Cloud
The Ichimoku Cloud is a comprehensive trend-following indicator that helps identify the overall market direction and momentum. It consists of:
Conversion Line (Tenkan-Sen): Measures short-term momentum.
Base Line (Kijun-Sen): Filters medium-term trends.
Leading Span A: The average of the Conversion and Base Lines, forming one cloud boundary.
Leading Span B: The midpoint of the highest high and lowest low over a longer period, forming the other cloud boundary.
Key Ichimoku Rules Applied:
The strategy identifies bullish trends when:
The price is above the cloud.
The cloud is bullish (Leading Span A > Leading Span B).
2. High-Timeframe Simple Moving Average (HTF SMA)
This condition ensures alignment with the broader trend:
Default SMA Length: 13 periods.
Default Timeframe: 1 day.
HTF SMA Rule:
Trades are allowed only when the price is above the HTF SMA, ensuring alignment with the larger trend.
3. Volume Analysis
The strategy uses volume to validate trade setups:
Volume MA: A 20-period moving average of volume is calculated.
Trades are allowed only when the current volume is at least 1.5x the Volume MA, indicating strong market participation.
Entry and Exit Rules
Entry Condition (Long Only):
Price above the Ichimoku Cloud: Confirms a bullish trend.
Bullish Cloud: Leading Span A > Leading Span B indicates upward momentum.
Price above the HTF SMA: Ensures alignment with the broader trend.
Volume exceeds threshold: Confirms strong market participation.
Exit Condition:
The strategy exits the position when the price moves below the Ichimoku Cloud, signaling a potential trend reversal.
Best Timeframes
This strategy is optimized for daily (1D) or higher timeframes (e.g., weekly 1W). Using it on lower timeframes may produce false signals due to increased noise in price and volume data.
Default Settings
Ichimoku Settings:
Conversion Line Period: 10
Base Line Period: 30
Lagging Span Period: 53
Displacement: 26
HTF SMA Settings:
SMA Length: 13
Timeframe: 1 Day
Volume Settings:
Volume MA Length: 20
Volume Multiplier: 1.5x
Visualization
Ichimoku Cloud:
Dynamic cloud coloring (green for bullish, red for bearish) helps identify the current trend.
HTF SMA:
A purple line overlays the chart, providing a clear representation of the high-timeframe trend.
Volume Panel:
An optional panel displays volume (blue histogram) and the Volume Moving Average (orange line) to analyze market participation.
Advantages of This Strategy
High Accuracy on Higher Timeframes:
Filtering trades using the Ichimoku Cloud, HTF SMA, and volume ensures robust trend alignment, reducing false signals.
Volume Confirmation:
Incorporates volume as a validation metric to enter trades only during strong market participation.
Easy Customization:
Parameters like Ichimoku periods, SMA length, timeframe, and volume thresholds can be adjusted to suit different assets or trading styles.
Limitations
Not Suitable for Low Timeframes:
Lower timeframes can produce excessive noise, leading to false signals.
Long-Only:
The strategy is designed only for bullish markets and does not support short trades.
Lagging Nature of Indicators:
Both the Ichimoku Cloud and SMA are lagging indicators, meaning they react to past price movements.
Conclusion
The "Ichimoku by FarmerBTC" strategy is an excellent tool for trend-following on daily or higher timeframes. Its combination of Ichimoku Cloud, high-timeframe SMA, and volume ensures a robust framework for identifying high-probability long trades in trending markets. However, users are advised to test the strategy thoroughly and manage their risk appropriately. Always consult with a financial professional before making trading decisions.
Rado Ichi Alerts v1.2This indicator is based on the “Ichimuko Cloud” indicator, but in addition, it can display signals in graphs and can also send you an alert for each signal.
Indeed, this script uses the open-source Ichimoku Cloud standard. However, the additional features I've implemented, such as the display of different signals (e. g : Cross (+) “First signal” to warn about BUY or SELL opportunities that could arise, Diamond (◊) “Second signal” to warn about BUY or SELL preparation and Triangle UP(▲) or DOWN (▼) “Third and last signal” for BUY or SELL NOW action) as well as the ability to configure ALERTS related to these signals are not included in the standard Ichimoku Cloud script and are also not reproduced by the Ichimuko Cloud script.
The logic behind these signals is based on a customized Ichimoku strategy that we've been able to develop over a long period of back-testing.
What makes this script unique and original is its capacity to display signals and at the same time send alerts for each signal. This can help traders to not sit in front of their screens all the time and only take action when the third signal appears with an alert. Then, traders visually check whether the signal is valid in relation to the strategy before placing a trade.
This is the reason why I put my script in Closed-source.
Types of Signals and Alerts: (See also the chart for more explanation)
1) Cross (+): This means that an opportunity arises when it appears (BUY or SELL). The alert associated with this signal is the “1st Alert”, which you can view and configure in the alerts dialog box during its creation. Default message for this alert: “Ichi_Opportunity_(BUY or SELL) ”.
2) Diamond (◊): This means you should get ready to (BUY or SELL). Normally, this signal appears after the Cross (+) but it can appear at the same time as the Cross (+).The alert associated with this signal is the “2nd Alert” which you can see and configure in the alerts dialog box during its creation. Default message for this alert: “Ichi_Prepare_to_(BUY or SELL) ”.
3) Rectangle Up or Down (▲ / ▼): This means you should (BUY or SELL) now. Normally, this signal appears after the Diamond (◊) but it can appear at the same time as the Diamond (◊). The alert associated with this signal is the “3rd Alert”, which you can view and configure in the alerts dialog box during its creation. Default message for this alert: “Ichi_(BUY or SELL)_NOW ”.
Alerts can be configured for BUY or SELL only, depending on your needs (and the bias you've chosen). Alert messages can also be customized.
You can also choose the alerts that interest you, (e.g. 2nd Alert only so you can prepare, or 3rd Alert only if you only need to be alerted when you should take action to buy or sell). But you can combine all three alerts on a single chart.
CORRECTIVE :
- Correction to display missing signals (which are not displayed sometimes) on each step of the strategy.
IMPROVEMENTS :
- A new function has been added to the indicator dialog to change the reset time for the first two signals if they are not triggered within 10 bars (default value) after their last execution. This feature is necessary to better organize (visualize) the display of signals.
Multiple vlines boxes and averages distance to candles@emami
Indicator: "Multiple Vertical Lines with Boxes and Averages with Distance to Candles"
Description:
This Pine Script is designed to help traders analyze price movements over different time frames by visually drawing vertical lines and boxes based on selected date/time points. The script calculates the highest high, lowest low, and midpoints of the last 9, 26, and 52 bars, drawing a box around each range. Additionally, the script displays the distance from the high and low to the current bar.
Key Features:
Multiple Vertical Lines:
Vertical lines are drawn at user-specified times, allowing traders to highlight critical points on the chart for further analysis.
Dynamic Boxes Based on Bar Count:
9-bar Box: Displays the highest high and lowest low for the last 9 bars (including the current bar) and draws a box around this range. A midpoint line is also plotted.
26-bar Box: Similar to the 9-bar box, but for the last 26 bars.
52-bar Box: Displays the same calculation for the last 52 bars.
Distance Calculations:
The script calculates the distance from the highest high and lowest low of each box to the current bar, providing valuable insight into the range and price movement for each time window.
Visual Display:
Each box is colored differently for easy identification (orange for 9 bars, white for 26 bars, and green for 52 bars).
Midpoint lines are drawn in different colors to distinguish between the 9-bar, 26-bar, and 52-bar ranges.
Labels are placed above the high and below the low of each box, showing the exact high/low values and the distance to the current bar.
How It Works:
The script first waits for the specified date and time inputs. Once the time condition is met, it performs the calculations for the high, low, and midpoint of the last 9, 26, and 52 bars.
The script then plots vertical lines at the specified times and draws boxes based on the highest high and lowest low for each range.
A midpoint is drawn for each box, and labels are placed with the high/low values and the distances from these values to the current bar.
How to Use It:
Set the date and time for the vertical lines you want to analyze.
The script will automatically draw the lines and boxes for the selected time frames.
Review the boxes and midpoints to identify potential price levels for analysis.
Use the distance values to assess the current price's proximity to the high/low of the respective bar range.
Improvements Based on Rules:
Language:
Make sure your title and description are in English. If you use any other language, ensure it’s accompanied by an English translation.
Clean Chart:
Ensure that the chart you’re publishing with the script is clear and simple, without additional, unnecessary indicators or drawings.
Originality & Usefulness:
If your script is closed-source, clarify why it is closed-source. Provide enough details about its unique functionality so traders can understand its purpose and utility.
No Advertisements or Promotions:
Double-check that your description does not contain any links, promotional content, or references to websites, companies, or social media.
Suggested Tags for Script:
#PineScript
#VerticalLines
#PriceAnalysis
#TechnicalAnalysis
#SupportResistance
#BoxingStrategy
#MidpointCalculation
#DistanceToCandles
#ChartIndicators
Equilibrium Candles + Pattern [Honestcowboy]The Equilibrium Candles is a very simple trend continuation or reversal strategy depending on your settings.
How an Equilibrium Candle is created:
We calculate the equilibrium by measuring the mid point between highest and lowest point over X amount of bars back.
This now is the opening price for each bar and will be considered a green bar if price closes above equilibrium.
Bars get shaded by checking if regular candle close is higher than open etc. So you still see what the normal candles are doing.
Why are they useful?
The equilibrium is calculated the same as Baseline in Ichimoku Cloud. Which provides a point where price is very likely to retrace to. This script visualises the distance between close and equilibrium using candles. To provide a clear visual of how price relates to this equilibrium point.
This also makes it more straightforward to develop strategies based on this simple concept and makes the trader purely focus on this relationship and not think of any Ichimoku Cloud theories.
Script uses a very simple pattern to enter trades:
It will count how many candles have been one directional (above or below equilibrium)
Based on user input after X candles (7 by default) script shows we are in a trend (bg colors)
On the first pullback (candle closes on other side of equilibrium) it will look to enter a trade.
Places a stop order at the high of the candle if bullish trend or reverse if bearish trend.
If based on user input after X opposite candles (2 by default) order is not filled will cancel it and look for a new trend.
Use Reverse Logic:
There is a use reverse logic in the settings which on default is turned on. It will turn long orders into short orders making the stop orders become limit orders. It will use the normal long SL as target for the short. And TP as stop for the short. This to provide a means to reverse equity curve in case your pair is mean reverting by nature instead of trending.
ATR Calculation:
Averaged ATR, which is using ta.percentile_nearest_rank of 60% of a normal ATR (14 period) over the last 200 bars. This in simple words finds a value slightly above the mean ATR value over that period.
Big Candle Exit Logic:
Using Averaged ATR the script will check if a candle closes X times that ATR from the equilibrium point. This is then considered an overextension and all trades are closed.
This is also based on user input.
Simple trade management logic:
Checks if the user has selected to use TP and SL, or/and big candle exit.
Places a TP and SL based on averaged ATR at a multiplier based on user Input.
Closes trade if there is a Big Candle Exit or an opposite direction signal from indicator.
Script can be fully automated to MT5
There are risk settings in % and symbol settings provided at the bottom of the indicator. The script will send alert to MT5 broker trying to mimic the execution that happens on tradingview. There are always delays when using a bridge to MT5 broker and there could be errors so be mindful of that. This script sends alerts in format so they can be read by tradingview.to which is a bridge between the platforms.
Use the all alert function calls feature when setting up alerts and make sure you provide the right webhook if you want to use this approach.
There is also a simple buy and sell alert feature if you don't want to fully automate but still get alerts. These are available in the dropdown when creating an alert.
Almost every setting in this indicator has a tooltip added to it. So if any setting is not clear hover over the (?) icon on the right of the setting.
The backtest uses a 4% exposure per trade and a 10 point slippage. I did not include a commission cause I'm not personaly aware what the commissions are on most forex brokers. I'm only aware of minimal slippage to use in a backtest. Trading conditions vary per broker you use so always pay close attention to trading costs on your own broker. Use a full automation at your own risk and discretion and do proper backtesting.
Gabriel's RSI ICHIMOKU CLOUDThe RSI Ichimoku Cloud combines the strengths of the Relative Strength Index (RSI) with the Ichimoku Cloud, offering a robust visualization of momentum and trend signals. This indicator helps traders identify potential trend reversals and key support/resistance levels by blending RSI with the Ichimoku Cloud components.
Key Features:
RSI Component:
Uses a customizable RSI length (default: 21) to detect overbought and oversold conditions.
Upper and Lower Bands (70 and 30) are plotted as dashed lines, highlighting critical zones of strength and weakness.
Bullish (green) and Bearish (red) cross signals are provided when RSI crosses key levels.
Ichimoku Cloud:
Conversion Line (Tenkan Sen): A 9-period Donchian channel (default), representing short-term price movements. Plotted in blue.
Base Line (Kijun Sen): A 26-period Donchian channel (default), representing mid-term price movements. Plotted in red.
Leading Span A (Senkou Span A): The average of the Conversion Line and Base Line, projected forward (displacement: 26). Plotted in green with transparency.
Leading Span B (Senkou Span B): A 52-period Donchian channel (default), projected forward (displacement: 26). Plotted in red with transparency.
The cloud fill between Senkou Span A and B changes color based on bullish (green) or bearish (red) cloud conditions.
Candlestick Overlay:
The indicator uses RSI values to color-code candlesticks. Bullish candles (RSI > Conversion Line) are green, and bearish candles (RSI < Conversion Line) are red.
Signal Crossovers:
RSI-Based Signals: Bullish and Bearish RSI crossovers with the Base Line trigger visual markers.
Ichimoku Signals: Bullish and Bearish crossovers between the Conversion Line and Base Line provide additional trade signals.
Alerts:
Alerts are triggered based on crossovers, allowing traders to set notifications for key trend changes.
This indicator is ideal for traders looking for a powerful blend of momentum (RSI) and trend-following (Ichimoku) tools in one place, with customizable settings for precise trade entry and exit signals.
Options Series - Supertrend, HalfTrend, Ichimoku Cloud and P_SAR➤ Supertrend:
➤ HalfTrend:
➤ Ichimoku Cloud:
➤ Parabolic SAR:
⭐ Overview and How It Works:
This script combines multiple popular technical indicators—Supertrend, HalfTrend, Ichimoku Cloud, and Parabolic SAR—into a single, cohesive tool for analyzing price trends and reversals. Designed for traders who prefer multi-layered confirmation, it displays non-overlay signals in a candlestick format, helping users make sense of intricate market dynamics. It also includes a "Master Candle" condition, which aggregates the signals from all indicators, providing a powerful snapshot of market sentiment.
References for study,
Supertrend and HalfTrend and Ichimoku Cloud and Parabolic SAR
⭐ Key Features and Functionality:
The script integrates four indicators and visually represents them in a non-overlay fashion, meaning that each indicator's signal appears on separate candlestick layers. It uses color coding to differentiate between bullish and bearish signals. The Master Candle is a unique feature that aggregates the signals from all indicators to show the overall sentiment.
Supertrend: It uses ATR and a multiplier factor to create a trailing stop, identifying bullish and bearish trends.
HalfTrend: It analyzes market volatility that provides buy and sell signals based on volatility channels and historical highs and lows.
Ichimoku Cloud: It leverages historical highs and lows to form the conversion and baseline, which are compared to assess market strength.
Parabolic SAR: A stop-and-reverse system that highlights potential reversals. It is based on time and price, offering traders potential reversal points.
Master Candle: It computes a score based on the confluence of all four indicators, adding another layer of confirmation.
🎨 Visualizations and User Experience:
The script's user interface is highly visual, with color-coded candlesticks plotted across multiple layers. Each indicator has its own color coding for bullish and bearish signals, ensuring clarity:
➤ Green for bullish signals.
➤ Red for bearish signals.
➤ Each candlestick layer represents a different indicator (e.g., Supertrend, HalfTrend, etc.), making it easy for the trader to isolate and interpret signals.
➤ The "Master Candle" provides an overarching view of the market by displaying a consolidated signal, which can reduce confusion from mixed indicator signals.
⭐ Settings and Customization:
The script is highly customizable, allowing users to adjust the settings for each indicator. Key customizable parameters include:
• Supertrend ATR Period and Factor
• HalfTrend Amplitude and Channel Deviation
• Ichimoku Conversion, Base, and Lagging Span Periods
• Parabolic SAR Start, Increment, and Maximum value
Additionally, users can toggle the visibility of each indicator and customize the look of the plot to suit their preferences.
⭐ Uniqueness of the Concept:
No repaints. This is the advanced representation and the combination of multiple indicators into a single script, along with a powerful "Master Candle" that aggregates them, makes this tool unique. Most scripts provide isolated indicator signals, while this one brings together four powerful indicators and visually simplifies the analysis. The non-overlay style and color-coded candlesticks offer traders an easy-to-understand, actionable visual cue, which stands out from traditional indicator overlays.
🚀 Conclusion:
This script is a comprehensive, multi-indicator trading tool suitable for traders looking for reliable trend-following and reversal detection. Its ability to provide an aggregated "Master Candle" signal reduces noise and aids in better decision-making. Customization options allow users to tailor it to their trading style, while its clear visualizations provide an excellent user experience.
Options Series - Ichimoku Cloud and HalfTrend
The provided script combines two powerful technical indicators, Ichimoku Cloud and HalfTrend, to create a hybrid trading tool. Here's an analysis of the key components and how they work together:
Ichimoku Cloud and HalfTrend
⭐ 1. Indicator Title and Settings:
The script sets the title as "Options Series - Ichimoku Cloud and HalfTrend" and uses the overlay=true option to display the indicators directly on the price chart.
⭐ 2. Color Definitions:
Several colors are defined for later use:
Green and Red for different types of candles and signals.
Fluorescent Colors for highlighting significant trends or changes in market conditions.
⭐ 3. Ichimoku Cloud Setup:
The Ichimoku Cloud is a comprehensive indicator used to identify support, resistance, and trend direction. Here’s how the script configures it:
Conversion Periods, Base Periods, Lagging Span 2 Periods, and Displacement are customizable via input options, giving flexibility to adjust Ichimoku settings based on different market conditions.
The function donchian(len) calculates the Donchian Channel average, which is used to define the Conversion Line and Base Line. The crossover of these lines is crucial in determining bullish or bearish trends.
Color Logic for Kijun Cross: If the Conversion Line is above the Base Line, the trend is bullish (green color), while a bearish trend is indicated by red. A neutral condition is marked with orange.
⭐ 4. HalfTrend Indicator Setup:
The HalfTrend indicator detects trend reversals based on high/low price deviations from a moving average:
Amplitude and Channel Deviation inputs allow users to control the sensitivity of the indicator.
showArrows and showChannels toggle the display of buy/sell arrows and trend channels.
maxLowPrice and minHighPrice variables are initialized to track significant high/low points during the trend, used to confirm trend reversals.
⭐ 5. ATR and Trend Calculations:
The Average True Range (ATR) is used to calculate the volatility-based channels. The script calculates atr2 and uses this to create atrHigh and atrLow for plotting the channel.
The trend detection logic is as follows:
When the trend is upward, the script seeks confirmation by comparing the high moving average with previous lows, signaling a continuation of the uptrend if it holds.
Conversely, a downtrend is confirmed when the low moving average exceeds previous highs.
⭐ 6. Customized Candle Coloring:
A custom color scheme is applied to candles based on a combination of trend direction and Ichimoku Cloud signals:
GreenFluorescent for strong bullish conditions where price is above the HalfTrend line, and the Conversion Line is above the Base Line.
RedFluorescent for strong bearish conditions, with price below the HalfTrend line and Conversion Line below the Base Line.
Gray for neutral or indecisive conditions.
⭐ 7. Plots and Shapes:
The script plots various elements:
HalfTrend Line: The main trendline is plotted in either green (buy) or red (sell), with adjustable line width.
Ichimoku Base Line: This is plotted with the dynamic color based on crossovers.
Buy/Sell Arrows: These are drawn on the chart when valid buy/sell conditions are met.
Custom Candles: The script overrides default chart candles with custom-colored candles based on the previously discussed logic.
⭐ 8. Improvements:
Optimization: Parameters like the amplitude, channel deviation, and Ichimoku periods can be fine-tuned based on backtesting results to maximize performance for specific assets or timeframes.
Alerts: The script could be enhanced by adding alert conditions for real-time buy/sell notifications, leveraging alertcondition() in Pine Script.
In summary, this script merges two trend-following techniques for a multi-faceted view of the market, using visual cues and trendline logic to provide a robust trading tool.
🚀 Conclusion:
Trend-Following System: The combination of Ichimoku Cloud and HalfTrend provides a comprehensive view of both long-term trends (via Ichimoku) and shorter-term reversals (via HalfTrend).
Visual Signals: The script includes clear visual signals (arrows and custom-colored candles) to help traders quickly spot buy/sell opportunities.
Dynamic Customization: Through user inputs, this indicator can be tailored to different market conditions, making it versatile.
Ichimoku Cloud Crosses_AITIchimoku Cloud Crosser_AIT
The "Ichimoku Cloud Crosses_AIT" indicator is designed to leverage the Ichimoku Cloud components, focusing on the crossovers between the Tenkan-sen and Kijun-sen lines. This indicator visually displays these crossovers on the price chart to help traders identify potential long and short trading opportunities.
1. Indicator Components
Ichimoku Cloud Elements
Tenkan-sen (Conversion Line): A short-term trend indicator. It is the midpoint of the highest high and the lowest low over a specified period (tenkanLength). In this indicator, the default period is set to 21.
Kijun-sen (Base Line): A medium-term trend indicator. It is the midpoint of the highest high and the lowest low over the specified period (kijunLength). In this indicator, the default period is set to 120.
Senkou Span A and B: These components are part of the traditional Ichimoku Cloud, but they are not directly plotted in this version of the indicator.
Chikou Span (Lagging Span): This component is included in the calculation but is not plotted in this indicator version.
2. Signal Conditions
Long Signal
Condition: A long signal is generated when the Tenkan-sen crosses above the Kijun-sen.
Visual Representation: Displayed as a yellow triangle below the price bar.
Short Signal
Condition: A short signal is generated when the Tenkan-sen crosses below the Kijun-sen.
Visual Representation: Displayed as a fuchsia triangle above the price bar.
3. How to Use the Indicator
Add the Indicator: Apply the "Ichimoku Cloud Crosses_AIT" indicator to your chart in TradingView.
Adjust Parameters: You can customize the periods for the Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span in the indicator's settings.
Interpret the Signals:
Long Signal: Look for a yellow triangle below the bar, indicating a potential bullish crossover (Tenkan-sen crossing above Kijun-sen).
Short Signal: Look for a fuchsia triangle above the bar, indicating a potential bearish crossover (Tenkan-sen crossing below Kijun-sen).
Conclusion
The "Ichimoku Cloud Crosses_AIT" indicator provides a clear visualization of the crossovers between the Tenkan-sen and Kijun-sen lines on the price chart. This tool helps traders quickly identify potential bullish and bearish signals, making it a valuable addition to any trading strategy. Adjust the settings and parameters as needed to fit your specific trading style and market conditions.
Ichimoku Crosses_RSI_AITIchimoku Crosser_RSI_AIT
Overview
The "Ichimoku Cloud Crosses_AIT" strategy is a technical trading strategy that combines the Ichimoku Cloud components with the Relative Strength Index (RSI) to generate trade signals. This strategy leverages the crossovers of the Tenkan-sen and Kijun-sen lines of the Ichimoku Cloud, along with RSI levels, to identify potential entry and exit points for long and short trades. This guide explains the strategy components, conditions, and how to use it effectively in your trading.
1. Strategy Parameters
User Inputs
Tenkan-sen Period (tenkanLength): Default value is 21. This is the period used to calculate the Tenkan-sen line (conversion line) of the Ichimoku Cloud.
Kijun-sen Period (kijunLength): Default value is 120. This is the period used to calculate the Kijun-sen line (base line) of the Ichimoku Cloud.
Senkou Span B Period (senkouBLength): Default value is 52. This is the period used to calculate the Senkou Span B line (leading span B) of the Ichimoku Cloud.
RSI Period (rsiLength): Default value is 14. This period is used to calculate the Relative Strength Index (RSI).
RSI Long Entry Level (rsiLongLevel): Default value is 60. This level indicates the minimum RSI value for a long entry signal.
RSI Short Entry Level (rsiShortLevel): Default value is 40. This level indicates the maximum RSI value for a short entry signal.
2. Strategy Components
Ichimoku Cloud
Tenkan-sen: A short-term trend indicator calculated as the simple moving average (SMA) of the highest high and the lowest low over the Tenkan-sen period.
Kijun-sen: A medium-term trend indicator calculated as the SMA of the highest high and the lowest low over the Kijun-sen period.
Senkou Span A: Calculated as the average of the Tenkan-sen and Kijun-sen, plotted 26 periods ahead.
Senkou Span B: Calculated as the SMA of the highest high and lowest low over the Senkou Span B period, plotted 26 periods ahead.
Chikou Span: The closing price plotted 26 periods behind.
Relative Strength Index (RSI)
RSI: A momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is used to identify overbought or oversold conditions.
3. Entry and Exit Conditions
Entry Conditions
Long Entry:
The Tenkan-sen crosses above the Kijun-sen (bullish crossover).
The RSI value is greater than or equal to the rsiLongLevel.
Short Entry:
The Tenkan-sen crosses below the Kijun-sen (bearish crossover).
The RSI value is less than or equal to the rsiShortLevel.
Exit Conditions
Exit Long Position: The Tenkan-sen crosses below the Kijun-sen.
Exit Short Position: The Tenkan-sen crosses above the Kijun-sen.
4. Visual Representation
Tenkan-sen Line: Plotted on the chart. The color changes based on its relation to the Kijun-sen (green if above, red if below) and is displayed with a line width of 2.
Kijun-sen Line: Plotted as a white line with a line width of 1.
Entry Arrows:
Long Entry: Displayed as a yellow triangle below the bar.
Short Entry: Displayed as a fuchsia triangle above the bar.
5. How to Use
Apply the Strategy: Apply the "Ichimoku Cloud Crosses_AIT" strategy to your chart in TradingView.
Configure Parameters: Adjust the strategy parameters (Tenkan-sen, Kijun-sen, Senkou Span B, and RSI settings) according to your trading preferences.
Interpret the Signals:
Long Entry: A yellow triangle appears below the bar when a long entry signal is generated.
Short Entry: A fuchsia triangle appears above the bar when a short entry signal is generated.
Monitor Open Positions: The strategy automatically exits positions based on the defined conditions.
Backtesting and Live Trading: Use the strategy for backtesting and live trading. Adjust risk management settings in the strategy properties as needed.
Conclusion
The "Ichimoku Cloud Crosses_AIT" strategy uses Ichimoku Cloud crossovers and RSI to generate trading signals. This strategy aims to capture market trends and potential reversals, providing a structured way to enter and exit trades. Make sure to backtest and optimize the strategy parameters to suit your trading style and market conditions before using it in a live trading environment.
Atareum Volume Ichimuku CandleAVIC (Atareum Volume Ichimoku Candles) is clearly an awesome indicator that is based on Ichimoku concepts by combination with volume. This is a new approach of volume candles that is combined with Ichimoku concepts and creates such a powerful tool to trace the market and assists traders to make better decisions, truly.
Concept:
Using Ichimoku leading periods and calculations on redesigning new candles in combination with volume, that makes unique reform candles on Tenkansen movement, but these new candles clearly omit noises in combination with volume, and then the new redesigned system of cloud calculations builds, new series of data for Senko Span A and Senko Span B which is so odd in first view, because they will barely ever cross each other, but they show very more informative and useful.
Parameters:
Section 1 : Candle colour setting for flourishing just as you desire !
Section 2 : Defining Periods of standard Ichimoku and source of candle data in combination with determining the smoothing type of moving averages and signal period.
Section 3 : Select using Heikin Ashi based candles alongside with redesigned cloud calculation type and three additional moving averages which can plot on each newly generated candles and standard candles on a chart with the type mode defined in the previous section.
Note: if you want to omit any or all of these moving averages, you can use 0 in period, instead of selecting "None" in the plot moving option!
Usage :
Overall:
Regardless of the additional moving averages which will lead to so many situations of market according to their types and designs, that is four different period for new redesign AVIC and three period for standard chart. You can easily select periods and type for these moving averages. Also, do not forget that signal moving averages is shown only on AVIC chart and have two different colour for upward and downward trends. Other moving averages are plot by just one single colour.
Cloud levels are so important because AVIC candles show respect to them and when they break the clouds upward or downward it's surly beginning of a trend that is may last long. Also when cloud levels flatten, it is determining a support or resistance according to up cloud or down cloud nature and as long as they will continue or repeated periodically on same level of AVIC chart, it will implement their weakness or strength.
Support and Resistance:
Any flattens of cloud up or down level means the support or resistance level due to its nature, but important thing is how long the cloud lasts flatten or how many times repeated in the same level in AVIC chart.
For plotting the support or resistance you should trace first candle of start of flattens in standard chart just like following picture.
Divergence:
All Higher high or Lower low of standard chart has its reflect in AVIC chart but there is secret in it, It is named divergence. When standard chart price candles generating lower low but the AVIC chart candles do not cross the bottom, it means we will spike high as soon as AVIC candle chart complete its divergence. You can see perfect example in following picture.
Cloud level Ends
When cloud down level become flattens and cloud up level start a bull run it means we will face a great up trend movement but as soon as cloud down level starts to move up it mean we are going to finish the bull run and maybe it goes with consolidation phase or reversal phase. This reaction is exactly happen in vice versa for bear run trend. You can see both examples in following pictures.
Note: if we face end of bull run and cloud down level make a U turn shape upside down it means we will have reversal phase even not too long but it is sharp and fast reversal. If cloud down level just turn right slightly, it means we should have consolidation phase, mostly or we can continue the last trend slightly. All these situations can happen in vice versa bear run. You can see example in following picture.
Signals:
Long but risky:
You can go long when AVIC candles are green and be in position as long as they are not change in colour.
Long and safe :
You can go long when AVIC candles cross up cloud down level and be in position as long as AVIC candles cross down cloud up level.
Long and sure:
You can go long when AVIC candles cross up cloud up level and be in position as long as AVIC candles cross down cloud down level.
Short but risky:
You can go short when AVIC candles are red and be in position as long as they are not change in colour.
Short and safe :
You can go short when AVIC candles cross down cloud up level and be in position as long as AVIC candles cross up cloud down level.
Short and sure:
You can go short when AVIC candles cross down cloud down level and be in position as long as AVIC candles cross up cloud up level.
Notice : Candles with large body are so strong but if a body candle is weak or flatten it may a signal of changing colour and direction, especially when using Heikin Ashi type.
It is the result of many years of experience in markets and there are so many details about this AVIC chart which I am in the experiment phase to publish in the future, so please help me with your ideas and do not hesitate to comment and inform me any suggestions or criticism.
Ichimoku Power Indicator# Ichimoku Power Indicator
## Overview
The Ichimoku Power Indicator is an advanced tool that combines the traditional Ichimoku Cloud system with a unique power ranking mechanism. This indicator provides traders with a comprehensive view of market trends and potential reversal points, all while quantifying the strength of bullish and bearish signals.
## Key Features
1. **Full Ichimoku Cloud Visualization:** Displays all components of the Ichimoku Cloud system, including Conversion Line (Tenkan-sen), Base Line (Kijun-sen), Leading Span A and B (Kumo), and Lagging Span (Chikou Span).
2. **Power Ranking System:** Calculates and displays a bullish and bearish power score based on 11 different Ichimoku-derived conditions.
3. **Real-time Updates:** Power scores are updated in real-time as market conditions change.
4. **Easy-to-Read Display:** A clear, color-coded table shows the current bullish and bearish power scores.
5. **Customizable Parameters:** Allows adjustment of key Ichimoku settings to suit different trading styles and timeframes.
## How It Works
The indicator evaluates 11 different conditions derived from Ichimoku Cloud components:
1. Cloud color
2. Price position relative to the cloud
3. Tenkan-sen vs Kijun-sen
4. Price vs Tenkan-sen
5. Price vs Kijun-sen
6. Tenkan-sen vs Cloud
7. Kijun-sen vs Cloud
8. Chikou Span vs Cloud
9. Chikou Span vs Tenkan-sen
10. Chikou Span vs Kijun-sen
11. Chikou Span vs Price
Each bullish condition adds a point to the bullish power score, while each bearish condition adds a point to the bearish power score. The maximum score for each is 11.
## Interpretation
- Higher bullish scores suggest stronger upward trends or potential bullish reversals.
- Higher bearish scores indicate stronger downward trends or potential bearish reversals.
- When scores are close, it may indicate a period of consolidation or uncertainty.
## Use Cases
- Trend Confirmation: Use in conjunction with price action to confirm the strength of current trends.
- Reversal Detection: Watch for changes in power scores as early indicators of potential trend reversals.
- Entry and Exit Signals: High power scores can be used to identify optimal entry or exit points.
- Market Analysis: Gain a quick overview of market conditions across multiple assets or timeframes.
## Note
This indicator is designed to complement your existing trading strategy. Always use it in conjunction with other forms of analysis and proper risk management techniques.
Experiment with different timeframes and settings to find the configuration that best suits your trading style and the assets you trade.
Happy trading!
Advanced Fully Reversed Candles with Reversed IchimokuThe "Advanced Fully Reversed Candles with Reversed Ichimoku" indicator is a sophisticated tool designed for traders who seek a unique perspective on market dynamics. This innovative indicator not only reverses the traditional candlestick chart but also inverts the Ichimoku Cloud components, providing a comprehensive view of the market's inverted behavior.
Key Features:
Reversed Candlestick Chart:
The indicator recalculates the OHLC (Open, High, Low, Close) prices by reversing them along the price axis. This means that what typically would be an upward movement is displayed as a downward movement, and vice versa. This reversal provides an alternative view that can help traders identify hidden patterns and potential reversal points that might not be obvious on a standard chart.
Reversed Ichimoku Cloud:
All components of the Ichimoku Cloud indicator are recalculated based on the reversed price data. This includes:
Tenkan-sen (Conversion Line): Reversed based on the highest and lowest prices over the specified period.
Kijun-sen (Base Line): Reversed in a similar manner to the Tenkan-sen, providing a medium-term perspective on price trends.
Senkou Span A (Leading Span A): Reversed to form one boundary of the Kumo (cloud), offering insight into future support and resistance levels.
Senkou Span B (Leading Span B): Reversed to form the other boundary of the Kumo, complementing Senkou Span A.
Chikou Span (Lagging Span): Reversed and plotted backward for additional confirmation of trend direction and strength.
Dynamic Price Range Calculation:
The indicator dynamically calculates the maximum and minimum prices over the last 500 bars (or the available range if fewer bars are present). This ensures that the reversal is always based on the most relevant data, providing accurate and up-to-date visualizations.
Visual Enhancements:
The reversed candlesticks are color-coded for easy interpretation: green for upward movements and red for downward movements, based on the reversed data.
The Ichimoku Cloud is filled with semi-transparent colors to clearly distinguish between bullish and bearish conditions even in its reversed state.
Debugging Aids:
For transparency and accuracy, the indicator plots the maximum and minimum price lines used for the reversal calculations. This allows users to verify the internal workings of the indicator and ensure the reversal logic is correctly applied.
Usage:
This indicator is ideal for advanced traders and analysts who want to explore market behavior from an unconventional angle. By reversing both the candlestick chart and the Ichimoku Cloud, it provides a unique perspective that can uncover new trading opportunities and enhance market analysis.
Customization:
Users can customize the periods for the Tenkan-sen, Kijun-sen, and Senkou Span B, as well as the displacement for the Ichimoku Cloud. This flexibility allows traders to adapt the indicator to their specific trading strategies and timeframes.
Conclusion:
The "Advanced Fully Reversed Candles with Reversed Ichimoku" indicator is a powerful tool that transforms traditional market analysis. By inverting both price movements and key technical indicators, it opens up a new dimension of trading insights, helping traders to see the market in a completely different light.
Parameters:
Tenkan-sen period (default: 9)
Kijun-sen period (default: 26)
Senkou Span B period (default: 52)
Displacement (default: 26)
How to Apply:
Add the script to your TradingView account via the Pine Editor.
Customize the parameters according to your trading strategy.
Analyze the reversed candlestick chart and Ichimoku Cloud to gain unique insights into market trends and potential reversal points.
