Ichimoku [2022] [v5] [keivanipchihagh]A more personalized ichimoki indicator with more configurations.
This indicator is exactly like the original ichimoku indicator, but with 104 Line (x4 timeframe) , 208 Line (x8 timeframe) , Quality Line and Tenken-sen & Kijun-sen crossovers added as well. The extras added to the indicator can simply be hidden in order to make the chart look less full.
104 Line : The formula is to average the highest and lowest point of the last 104 candles. This is to see the x4 time-frame as well, which shows a strong support and resistance line.
208 Line : The formula is to average the highest and lowest point of the last 208 candles. This is to see the 84 time-frame as well, which shows even a stronger support and resistance line.
Quality Line : It's exactly the same the Kijun-sen but with a positive offset of 26.
Tenken-sen & Kijun-sen Crossoveers : Just to make it easier to see the crossovers.
In future updates, I'm going to add more components and make it more insightful than it currently is. Ideas would be appreciated (:
Awan Ichimoku
Scalping Alice 3/5INTRO
Scalping Alice is a work in progress. I made it to help with my Scalping Long strategy as a helper for entrances.
This instance of the indicator is for 3min and 5min chart analysis only.
It still needs to further adopt and calibrate multi-frame data, but for the moment it takes from the Daily, the Hourly and the 15min.
It is meant to be used WITHOUT candles. This is because, one of the goals I'm trying to achieve is to compress data and leave out unwanted noise.
The 3min and 5min candles are very dynamic (specially in the crypto market), so I don't need to know the whole OHLC, but I do need a range.
COMPONENTS
Small Blob
The first component is the current time-frame Price Blob. The top line is the candle Highs and the bottom line is the candle Lows.
The Price Blob's Color changes according to a Double RSI which you can modify the values for.
The default is 13 for the Fast RSI and 34 for the Slow RSI.
When the Fast RSI is on top it turns Green. When the Slow RSI is on top it turns Red.
Big Blob
The Outer Blob is the same as the inner blob, but in the 15min time-frame. It changes color the exact same way, but with 15min values.
WMA Line
The closest line to the blob is the WMA line. You can change the default value, which is 21.
The color changes according to a complex modifier, that I will try to explain, but most likely fail.
It takes a sort of Tenkan (see Ichimoku Cloud if you don't know what a Tenkan is) value from the 15min chart and the Hourly chart.
It then compares the difference from these Tenkans and adds it to the 15min mid price.
And finally tries to find a fast Trend of the movement of the price for the last 3 candles.
The Tenkan value can be changed from it's default 3. Be wary, this changes the Tenkans for all the timeframes.
Blue Tenkan
The slower line is an Hourly Tenkan but with a value of 9.
Saturation Clouds
The last piece are the orange Saturation Clouds. These appear in bigger price movements and work weirdly.
They are differences between Hourly Tenkan and current frame Tenkan, along added to the mid point of the price and a little bit of Bollinger math.
Again, hard to explain, but they are very useful. Maybe one of the most useful parts of Alice.
BULL AND BEAR
Bullish :
- Green Small Blob
- Green Big Blob
- Green WMA
- Small Price Blob Above WMA
- Small Price Blob Above Blue Tenkan
- Small Price Blob Inside Upper Saturation Cloud
- Lower Saturation Cloud appears but DOES NOT touch Small Price Blob
Bearish
- Red Small Blob
- Red Big Blob
- Red WMA
- Small Price Blob Below WMA
- Small Price Blob Below Blue Tenkan
- Small Price Blob Inside Lower Saturation Cloud
- Upper Saturation Cloud appears but DOES NOT touch Small Price Blob
SMALL TIPS
Saturation Clouds
When the Saturation Clouds appear, it is an indication of strong price decision.
If it appears but it is far from the Small Blob then this indicates Price Reversal.
Most likely a nice moment to enter an opposite trend trade.
If the cloud appears touching the Small Blob and the Small Blob enters the cloud, this is Trend Confirmation.
The price is going to go strongly towards the Trend is is on.
Most likely a nice moment to enter an accompanying trend trade.
Price Bounce
The Small Blob bounces inside the Big Blob. This is very useful for numerous short plays.
You have better chances opening longs when the price is on the Lower parts of the Blobs.
The same goes for shorts on the Upper Parts.
Slow and Fast
The color of the WMA is a very fast indicator, it's the least reliable one.
Then comes the Small Blob color, then comes the WMA itself.
Following that you have the Big Blob color, then the blue Tenkan.
And finally the Saturation Clouds are the most reliable part.
FINAL THOUGHTS
This is a publishable version of this strategy. I hope to keep working on these types of strategies, maybe even upgrading this one.
Enjoy, share and leave comments!
Ichimoku PeeksThis indicator uses the Ichimoku Tenkan / Kijun trend line formulas to predict what those values will be in the future if current price action does not violate the period highs and lows.
Because of the way Ichimoku formulates the trend, it contains (but does not visualize) this predictive information in a way that moving averages do not.
Sharp chart readers can infer upcoming changes by counting back candles, but the process can be automated, as I've shown here.
This description does not seem to be editable so implementation details and usage will be covered in code commentary.
SuperIchi [LuxAlgo]Using one indicator as the core for another one to improve certain aspects while offering an alternative user interaction can be very interesting in technical analysis.
This indicator is a modification of the popular Ichimoku indicator using the equally popular Supertrend indicator as its core, thus no longer entirely relying on calculations done over a fixed window size but instead relying on the average true range and the trend detection method offered by the Supertrend.
Settings
Tenkan: Atr length (left) and factor (right) used for the Supertrend involved in the calculations of the Tenkan Ichimoku component
Kijun: Atr length (left) and factor (right) used for the Supertrend involved in the calculations of the Kijun Ichimoku component
Senkou Span B: Atr length (left) and factor (right) used for the Supertrend involved in the calculations of the second Senkou Span Ichimoku component
Displacement: Bar offset of the cloud (positive offset) and Chikou (negative offset)
Usage
The SuperIchi indicator can be interpreted similarly to a regular Ichimoku as it retains the components and aspects from this one. Users can make use of the Supertrend Factor to detect shorter or longer-term trends.
Unlike the regular components of the Ichimoku based on rolling maximums/minimums, using the Supertrend here allows smoother components and makes it less prone to whipsaw signals.
Note that the Chikou is disabled by default in the style settings
Details
The original Ichimoku indicator is constructed from the average between the rolling maximum high and minimum low values. The Supertrend indicator also relies on one upper/lower extremity but using the average of these extremities for the modification of the Ichimoku indicator might not provide easy to use results due to the nature of these extremities.
Instead, we compute the average between the Supertrend and trailing maximums/minimums with a value reset when a new trend is detected by the Supertrend. This allows obtaining a result that is closer to the original average used by Ichimoku.
[_ParkF]MDRPThis indicator indicates that 'Momentum Discrepancy Reversal Point' = 'MDRP'.
Mixing and modifying several general indicators to find support and resistance
It is created to predict the change point of the trend by overlaying it on the chart.
The 4 support and resistance lines are drawn live, and the changed support and resistance lines are
It erases the line and overlays it again with a new line.
For each support and resistance , you can modify the color or line thickness, number of expressions, etc. in the input menu.
1. _____RSI-SR
Based on Wilder's RSI formula, overbought and oversold
Changes are detected and overlaid on the chart in the form of 2 resistances and 2 supports.
2. _____STOCHRSI-SR
Using the general stochastic and Wilder's RSI calculations,
Detect changes in overbought and oversold areas
It overlays the chart in the form of 1 resistance and 1 support.
3. _____PV-SR
Pivot-based support and resistance will be overlaid on the chart,
By default, 10 pivot lines are drawn, but by modifying the count in the input menu,
You can modify the number of overlays.
4. _____FVG
'Fair value gaps' refers to gaps within consecutive candles.
This section is overlaid in the form of a box,
The default is to draw 10 FVG boxes, but set count in the input menu.
You can modify the number of overlays by editing.
5. _____ZIGZAG
This is to find MDRP by overlaying the low and high prices of the current trend on the chart.
ZIGZAG labels near supports and resistances of 1, 2, 3 and 4 can increase the reliability of the MDRP.
The default value of live in the input menu is true, but if it is false, the closing price is checked and drawn.
Reduce false signals.
6. _____ICHIMOKU
The 5 lines of ICHIMOKU were overlaid with the default values of 9, 26, 52, 26,
Lines other than LeadLine A and B that are overlaid on the chart are overlaid on the chart only as much as the period value of each line.
* The _____FVG indicator cited the source of 'makuchaku'.
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이 지표는 'Momentum Discrepancy Reversal Point' = 'MDRP'를
찾기 위해 여러개의 일반적 지표들을 혼합, 수정하여 지지와 저항의 형태로
차트에 overlay 시켜 트렌드의 변화 지점을 예측 하기 위해 만들어졌습니다.
4개의 지지와 저항선은 실시간으로 그려지게 되며, 변화된 지지와 저항은 기존의
선을 지우고 새로운 선으로 다시 표시 됩니다.
각 지지와 저항은 input 메뉴에서 색 또는 선의 두께, 표현할 개수 등을 수정할 수 있습니다.
1. _____RSI-SR
Wilder's RSI 계산식을 기반으로 과매수, 과매도 영역에서의
변화를 감지하여 2개의 저항과 2개의 지지의 형태로 차트에 표시 됩니다.
2. _____STOCHRSI-SR
일반적 스토캐스틱과 Wilder's RSI의 계산식을 이용하여
과매수, 과매도 영역에서의 변화를 감지하여
1개의 저항과 1개의 지지의 형태로 차트에 표시됩니다.
3. _____PV-SR
Pivot을 기반으로 한 지지와 저항을 차트에 표시 하게 되며,
기본값은 10개의 Pivot선이 그려지게 되지만 input 메뉴에서 count를 수정하여
표시할 개수를 수정할 수 있습니다.
4. _____FVG
'Fair value gaps'는 연속된 캔들 안에서의 갭 구간을 말합니다.
이 구간을 박스의 형태로 표시한 것이며,
기본값은 10개의 FVG 박스가 그려지게 되지만 input 메뉴에서 count를
수정하여 표시할 개수를 수정할 수 있습니다.
5. _____ZIGZAG
현재 트렌드의 저가와 고가를 차트에 표시하여 MDRP를 찾기 위한 것으로
1, 2, 3, 4의 지지와 저항 부근에서의 ZIGZAG 라벨은 MDRP의 신뢰도를 높혀줄 수 있습니다.
input 메뉴에서의 live 기본값은 체크되어 있지만 체크를 해제하면 종가를 확인하고 그려지기에
거짓 신호를 줄일 수 있습니다.
6. _____ICHIMOKU
ICHIMOKU의 5개의 선은 기본값인 9, 26, 52, 26으로 표시하였으며,
차트에 표시되는 선행스팬 1과 2를 제외한 전환선, 기준선, 후행스팬은 각 선의 기간값만큼만 차트에 표시 되게 하였습니다.
Best Ichimoku Buy and Sell with alertsThis is Indicator is based on Ichimoku Clouds with Buy and Sell positions and alerts. Before using this indicator take note of the following:
1. This indicator is not Repaiting.
2. there are three ways to put your SL/TP:
* you can use the yellow line above or below the candles to put your SL and your R/R ratio will be 1:1, 1:2, 1:3 (depending on the timeframe and the pairs you choose; I advise you to backtest in your desired timeframe and your currency pairs to choose the right R/R)
* You can choose SL/TP based on Percentage or ATR (It is configurable in the setting; I again advise you to backtest in your desired timeframe and your currency pairs to choose the right R/R)
3. Please pay attention to the Green and Red circles. If there is a Green circle before the Buy position it gives it more confirmation and if there is a Red circle before the Sell position it gives more confirmation on the Sell position (pay attention that these circles appear with latency)
4. If the yellow line is below the candles and it gives Sell signal or the yellow line is above the candles and it gives Buy signal, it is better to avoid that signals.
4. Use this indicator with top 30 Crypto pairs (You can also backtest on other coins as well)
5. Please use this indicator at your discretion and backtest first.
6. If you have any idea to improve the results please let me know in the comments.
[_ParkF]MDRPThis indicator indicates that 'Momentum Discrepancy Reversal Point' = 'MDRP'.
Mixing and modifying several general indicators to find support and resistance
It is created to predict the change point of the trend by overlaying it on the chart.
The 4 support and resistance lines are drawn live, and the changed support and resistance lines are
It erases the line and overlays it again with a new line.
For each support and resistance, you can modify the color or line thickness, number of expressions, etc. in the input menu.
1. _____RSI-SR
Based on Wilder's RSI formula, overbought and oversold
Changes are detected and overlaid on the chart in the form of 2 resistances and 2 supports.
2. _____STOCHRSI-SR
Using the general stochastic and Wilder's RSI calculations,
Detect changes in overbought and oversold areas
It overlays the chart in the form of 1 resistance and 1 support.
3. _____PV-SR
Pivot-based support and resistance will be overlaid on the chart,
By default, 10 pivot lines are drawn, but by modifying the count in the input menu,
You can modify the number of overlays.
4. _____FVG
'Fair value gaps' refers to gaps within consecutive candles.
This section is overlaid in the form of a box,
The default is to draw 10 FVG boxes, but set count in the input menu.
You can modify the number of overlays by editing.
5. _____ZIGZAG
This is to find MDRP by overlaying the low and high prices of the current trend on the chart.
ZIGZAG labels near supports and resistances of 1, 2, 3 and 4 can increase the reliability of the MDRP.
The default value of live in the input menu is true, but if it is false, the closing price is checked and drawn.
Reduce false signals.
6. _____ICHIMOKU
The 5 lines of ICHIMOKU were overlaid with the default values of 9, 26, 52, 26,
Lines other than LeadLine A and B that are overlaid on the chart are overlaid on the chart only as much as the period value of each line.
* The _____FVG indicator cited the source of 'makuchaku'.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
이 지표는 'Momentum Discrepancy Reversal Point' = 'MDRP'를
찾기 위해 여러개의 일반적 지표들을 혼합, 수정하여 지지와 저항의 형태로
차트에 overlay 시켜 트렌드의 변화 지점을 예측 하기 위해 만들어졌습니다.
4개의 지지와 저항선은 실시간으로 그려지게 되며, 변화된 지지와 저항은 기존의
선을 지우고 새로운 선으로 다시 표시 됩니다.
각 지지와 저항은 input 메뉴에서 색 또는 선의 두께, 표현할 개수 등을 수정할 수 있습니다.
1. _____RSI-SR
Wilder's RSI 계산식을 기반으로 과매수, 과매도 영역에서의
변화를 감지하여 2개의 저항과 2개의 지지의 형태로 차트에 표시 됩니다.
2. _____STOCHRSI-SR
일반적 스토캐스틱과 Wilder's RSI의 계산식을 이용하여
과매수, 과매도 영역에서의 변화를 감지하여
1개의 저항과 1개의 지지의 형태로 차트에 표시됩니다.
3. _____PV-SR
Pivot을 기반으로 한 지지와 저항을 차트에 표시 하게 되며,
기본값은 10개의 Pivot선이 그려지게 되지만 input 메뉴에서 count를 수정하여
표시할 개수를 수정할 수 있습니다.
4. _____FVG
'Fair value gaps'는 연속된 캔들 안에서의 갭 구간을 말합니다.
이 구간을 박스의 형태로 표시한 것이며,
기본값은 10개의 FVG 박스가 그려지게 되지만 input 메뉴에서 count를
수정하여 표시할 개수를 수정할 수 있습니다.
5. _____ZIGZAG
현재 트렌드의 저가와 고가를 차트에 표시하여 MDRP를 찾기 위한 것으로
1, 2, 3, 4의 지지와 저항 부근에서의 ZIGZAG 라벨은 MDRP의 신뢰도를 높혀줄 수 있습니다.
input 메뉴에서의 live 기본값은 체크되어 있지만 체크를 해제하면 종가를 확인하고 그려지기에
거짓 신호를 줄일 수 있습니다.
6. _____ICHIMOKU
ICHIMOKU의 5개의 선은 기본값인 9, 26, 52, 26으로 표시하였으며,
차트에 표시되는 선행스팬 1과 2를 제외한 전환선, 기준선, 후행스팬은 각 선의 기간값만큼만 차트에 표시 되게 하였습니다.
Ichimoku Kinko Hyo [+Conditions]version 5 script - Future Cloud visible at real-time
This Ichimoku Indicator has 30 conditions identified for usage such:
Thick cloud identification (relative to the historic cloud thickness), Chikou in open area, Thin cloud identification (Relative to %), Price movements near Tenkan and Kijun and many more.
p.s. use 'calc_on_every_tick=false' in strategies to avoid repainting
Fukuiz Octa-EMA + Ichimoku (Strategy)This strategy is based EMA of 8 different period and Ichimoku Cloud which works better in 1hr 4hr and daily time frame.
#A brief introduction to Ichimoku #
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
#A brief introduction to EMA#
An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average ( SMA ), which applies an equal weight to all observations in the period.
#How to use#
The strategy will give entry points itself, you can monitor and take profit manually(recommended), or you can use the exit setup.
EMA (Color) = Bullish trend
EMA (Gray) = Bearish trend
#Condition#
Buy = All Ema (color) above the cloud.
SELL= All Ema turn to gray color.
Ichimoku Cloud Smooth OscillatorThe Ichimoku Cloud is a powerful indicator to track trends. By smoothing it and placing it in a separate chart, the signals can be easily identified without cluttering the display. The bold line is the signal: green indicates a buy signal while red indicates a sell signal. Gray represents a possible change in direction and the lack of a trend. The thinner line is the width of the cloud which can be used to further determine the direction.
MTF Ichimoku Cross MonitorIchimoku Kinko Hyo is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves and Crossing TenkanSen ((HH + LL)/2 for the last 9 periods) & KijunSen (HH + LL)/2 for the last 26 periods) is One of major strategies on Ichimoku.
This Indicator build for Monitor Tenkansen & Kijunsen Lines status and you can watch 3 Time Frames Status on one bar and in one timeframe.
You can select timeframe and set Inputs for lines from Indicator setting.
Good trading to all ...
MTF Ichimoku Analysis[tanayroy]Ichimoku can state market conditions better than any indicator or group of indicators(My own perspective). Ichimoku works seamlessly in different timeframes. Analysis of Ichimoku in different timeframes can give you the bigger picture of the market.
This indicator analyzes six different timeframes with Ichimoku in depth. Default timeframes are 5M, 30M, 60M, D, W, and M. You can change the default timeframes from the setting.
As we are dealing with many relations, we can define the relationship with a simple score to get the trend strength.
Ichimoku Analysis:
Relationship of Price(P) with Ichimoku indicators: Here we are analyzing the current price and Ichimoku indicators. The position of price with respect to Ichimoku indicators states the market condition clearly.
Price(P) and Kumo(C): P > C = Bullish (↑). P < C = Bearish (↓). P <> C = consolidation or no trend(↔). Score: ±2
Price(P) and Tenkan Sen(T): P >= T = Bullish (↑). P < T = Bearish (↓). Score: ±0.5
Price(P) and Kijun Sen(K): P >= K = Bullish (↑). P < T = Bearish (↓). Score: ±0.5
Price(26 bars ago) and Chiku(L): L >= P(26) = Bullish (↑). L < P(26) = Bearish (↓). Score: ±0.5
Tenkan Sen and Kijun Sen Relation. Tenkan Sen depicts short-term trends and Kijun depicts mid-term trends. So this relationship is important for analyzing the current trend of the market.
Tenkan Sen(T) and Kijun Sen(K): T >= K = Bullish (↑). T < K = Bearish (↓). Score: ±2
Direction of Ichimoku indicators.
The direction of Ichimoku indicators helps us to understand the trend strength.
Tenkan Sen's(T) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5
Kijun Sen's(K) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5
Senkou A(A) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5
Senkou B(A) direction: Upward slope = Bullish (↑). Downward slope = Bearish (↓). Flat=consolidation or no trend(↔). Score: ±0.5
Cloud and other Ichimoku indicators:
Kumo or Cloud is very important in the Ichimoku system. Analyzing its relation with other indicators is important to detect the overall market condition.
Kumo(C) and Tenkan Sen(T): T >= C = Bullish (↑). T < C = Bearish (↓). T <> C = consolidation or no trend(↔). Score: ±0.5
Kumo(C) and Kijun Sen(K): K >= C = Bullish (↑). K < C = Bearish (↓). K <> C = consolidation or no trend(↔). Score: ±0.5
Kumo(C) and Chiku(L): L >= C = Bullish (↑). L < C = Bearish (↓). L <> C = consolidation or no trend(↔). Score: ±0.5
Kumo(C) Shadow: By analyzing the last 252 bars(you can change this option) we are analyzing the Kumo shadow behind the current price. If Kumo shadow is present behind the price, trend strength will be weakened. Score: ±0.5
Kumo(C) Future (Senkou A(A) and Senkou B(B)): A >= B = Bullish (↑). A < B = Bearish (↓). Score: ±0.5
Chiku(L) Analysis:
Vertical and Horizontal Chiku analysis will tell us about the possible consolidation of the price.
Chiku Vertical: if the price consolidates for the next 5 bars(You can change this option) will it run into the price. Please remember we are placing the current price 26 bars ago and we are interested to see the current price in open space for a clear trend. Score: ±0.5
Chikou Horizontal: If Chiku is in open space (Not running into the price), we want to review Chiku vertically i.e how much percentage of fall or rise of the current price can cause Chiku to run into the price.
So, the maximum trend score is ±10.5.
Ichimoku signals:
We know, that the crossover of Ichimoku indicators provides important signals. In this section, you can see all the crossover i.e when they happened (Bars ago)
Distance between price and Tenkan Sen and Kijun Sen: We know, the price come back to Tenkan/Kijun if it goes far away from Tenkan/Kijun. So it is important to note the distance between Tenkan and Price.
Please note that this indicator is not a strategy or buy/sell signal. It just shows you the picture of Ichimoku in multiple timeframes. I am working on some strategies of Ichimoku and will publish the same when my research is complete.
If you want to analyze Ichimoku in a single timeframe, please review the following indicator.
To maintain the table size you can use the shorthand notation from the setting.
Table with detailed analysis:
Table with shorthand notation:
Please comment if you want any clarification or found any bugs to report.
MZ Adaptive Ichimoku Cloud (Volume, Volatility, Chikou Filter) This study is a functional enhancement to conventionally used Ichimoku Clouds . It uses particular effective adaptive parameters (Relative Volume Strength Index (MZ RVSI ), Volatility and Chikou Backward Trend Filter) to adapt dynamic lengths for Kijun-sen, Tenkan-sen, Senkou-span and Chikou .
This study uses complete available Ichimoku Clouds trading methodology to provide trade confirmations. Its still in experimental phase so will be updated accordingly.
ADAPTIVE LENGTH PARAMETERS
Relative Volume Strength Index (MZ RVSI )
For adaptive length, I tried using Volume and for this purpose I used my Relative Volume Strength Index " RVSI " indicator. RVSI is the best way to detect if Volume is going for a breakout or not and based on that indication length changes.
RVSI breaking above provided value would indicate Volume breakout and hence dynamic length would accordingly make Ichimoku Clouds more over-fitted to better act as support and resistance . Similar case would happen if Volume goes down and dynamic length becomes more under-fit.
Original RVSI Library and study can be found here:
Volatility
Average true range is used as volatility measurement and detection tool. Dual ATR condition would decide over-fitting or under-fitting of curve.
Chikou Backward Trend Filter
Chikou is basically close value of ticker offset to close and it is a good for indicating if close value has crossed potential Support/Resistance zone from past. Chikou is usually used with 26 period.
Chikou filter uses a lookback length calculated from provided lookback percentage and checks if trend was bullish or bearish within that lookback period.
Original Chikou Filter library and study can be found here:
ADAPTIVE ICHIMOKU CLOUD
Tenkan-Sen (Conversion Line)
Tenkan-sen is a moving average that is calculated by taking the average of the high and the low for the last nine periods conventionally but in this study its length is dynamically adapted based on Volume, Volatility and Chikou filter. Default adaption range is set to 9-30 which I found universally applicable to almost every market on all time-frames.
Kijun-Sen (Base Line)
The Kijun-Sen is usually considered a support/resistance line which also acts as an indicator of price movements in the future and takes a longer period into consideration, usually 26 periods compared to Tenkan-Sen’s nine periods is used conventionally. In this study, its length is set to vary in range of 20-60 based on adaptive parameters.
Senkou-Span (Leading Span)
Senkou-Span A : Senkou Span A is the average of the highs and lows of Tenkan-Sen and Kijun-Sen so it automatically adapts accroding to dynamic lengths of Tenkan and Kijun.
Senkou-Span B : Senkou Span B is usually calculated by averaging highs and lows of the past 52 periods and plotting it 26 points to the right but this study uses adaptive parameters to adapt its dynamic length in range of 50-120 which makes Kumo (Ichimoku Cloud) a better area for support and resistance. I don’t consider its necessary to adapt Kumo’s displacement to the right, so I used conventional 26 period as offset.
Chikou -Span (Lagging Span)
The Chikou Span, also known as the lagging span is formed by taking the price source and offsetting it back 26 periods to the left but I used adaptive length in range 26-50 which makes this tool a better option to check for Chikou -Price cross check in wide range.
TRADE SIGNALS & CONFIRMATIONS
Volume : RVSI used to detect volume breakout about given point. By default, On Balance Volume based RVSI is selected for all dynamic length adaption and also for trade confirmations.
Cross(Tenkan,Kijun) : Easiest way to detect trend as if Tenkan is above Kijun then market is uptrend and vice versa.
Volatility : High volatility is a good way to confirm if price is on the move or not.
Tenkan = Kijun : Because of a wide range of Tenkan and Kijun length; their value can become equal before reversal.
Chikou > Source : A very conventional way to detect price momentum as if Chikou is above price then market is in uptrend and vice versa.
Chikou Momentum : Another simpler way to represent Chikou > Source as if momentum of price source is uptrend then price will tend to follow.
Source > Kumo : Using the best tool of Ichimoku Clouds i.e. Kumo. If price crosses both Senkou-Span A & B then market has broken potential resistance leading to a good uptrend and vice versa.
Source > Tenkan : Better way to detect price trend in short term.
Chikou Backward Trend Filter : Different from Chikou >Source in a way that Chikou filter makes sure that price crosses highest/lowest within defined period.
CHARTING
Bars Coloring : Bars coloring is set as following :
src > tenkan-Sen and src > kijun-Sen : Strong uptrend detection and shown by green bars.
src < tenkan-Sen and src < kijun-Sen : Strong downtrend detection and shown by green bars.
src > tenkan-Sen and src < kijun-Sen : Better way to detect bottom reversals as if price comes above tenkan but remains below kijun; that’s early signs of recovery. Light red bars are used for this by default.
src < tenkan-Sen and src > kijun-Sen : Better way to detect top reversals as if price comes below tenkan but remains above kijun; that’s early signs of losing potential in uptrend. Dark Grey bars are used for this by default.
Kumo Coloring : Following steps are used to derive Kumo’s dynamic color:
Average of Senkou-span A and B is calculated.
RSI with 14 period of that average is calculated.
Gradient color based on calculated RSI values with 0-100 range is derived which is final Kumo color.
Chikou Span Coloring : Dynamic coloring from Chikou Filter is used as Indicator’s Chikou ’s color.
Signals Overlay : Red and Green small triangles are used as signals overlay.
IchiMAMA (Experimental)Goichi Hosoda's "Ichimoku Kinkō Hyō" is a widely used Trend Following indicator and can be defined as a "system" rather than an indicator.
Published in the late 1960's, consisting of 5 lines.
TenkanSen (Conversion Line) = of the last 9 bars
KijunSen (Base Line) = of the last 26 bars
SenkouSpanA (Leading Span A) = Average of Tenkan&KijunSen shifted -> 26 bars
SenkouSpanB (Leading Span B) = of the last 52 bars
ChikouSpan (Lagging Span) = Price shifted <- 26 bars
On the other hand, Mesa Adaptive Moving Average developed by John Ehlers around early 2000's shows similarities with Hosoda's Tenkan and KijunSen using a different calculation method. For futher info: www.mesasoftware.com
I find MAMA superior to TenkanSen and KijunSen in terms of crossing signals.
Ichimoku:
Thus, decided to replace TenkanSen and KijunSen of regular Ichimoku with MAMA&FAMA of Ehlers and calculated SenkouSpanA accordingly. SenkouSpanB and ChikouSpan stays the same as per Ichimoku's logic. (Periods are 30 by default for cryptocurrencies. If stocks then 26)
IchiMAMA:
This is purely experimental and educational. Hope you'll like it :)
I'd like to thank @everget for MAMA&FAMA
and @KivancOzbilgic for Ichimoku Kinkō Hyō and Volume Based Colored Bars
Ichimoku VariationsThe Ichimoku cloud is traditionally constructed from the highest high and lowest low for a number of periods. This script allows for it to be transformed and calculated like more traditional moving averages (e.g. simple moving average, exponential moving average). Since the Ichimoku is normally a system of moving average-like lines, maybe someone out there will learn something from being able to switch to sma, ema, etc etc.
In general, I think no TA indicator is a magic bullet, and you should just use what you like!
Credit: This script utilizes the "Color Gradient Framework" tutorial by LucF (PineCoders) to create gradient visuals, which are also customizable for the user.
Recommended modes:
default
SMA
EMA
SMMA
WMA
VWMA
Tillson T3
Not Recommended (These moving averages are too fast, and probably will require adjusting settings to something like the 20-60-120-30 to make more sense):
HMA
EHMA
TEMA
ALMA
LSMA
Ichimoku Buy/Sell Signals of manual MTF Tenkan crossing KijunIchimoku Buy/Sell Signals based on fast, small time frame Tenkans crossing longer timeframes Kijuns - Manual MTF Analysis
This code marks the potential change of direction based on the input of one timeframe's Ichimoku Tenkan (conversion) line crossing over a higher, longer timeframe's Ichimoku Kijun (base) line.
Feel free to change the inputs if need be and to hide the yellow box. Use Ichimoku rules of Tenkan, Kijun, Lagging Span, and Cloud for Take profit/Stop Losses. It is best to wait 3-5 minutes after the signal to enter to confirm the trend and to confirm if the Lagging Span has broken key levels. I refer to the book Trading with Ichimoku - A Practical Guide to Low-Risk Ichimoku Strategies by Karen Peloille as the Ichimoku rulebook. Good luck.
For day trading/scalping/intraday - 1min/3min/5min
Tenkan Line Timeframe = 1min
Kijun Line Timeframe = 5min
For swing trading - multiple days/weeks - 4HR/Daily/Weekly Charts
Tenkan Line Timeframe = day
Kijun Line Timeframe = week
Ichimoku Cloud [Trading Nerd]Backtesting Script that compares different way to trade the Ichimoku Cloud. With this script you can test 2*2 different Ichimoku Cloud Entry conditions, more on that down below. This script is useful to figure out what conditions work best for the applied market (so not only parameters of the Ichimoku Cloud are changeable).
Strategy foundation
This conditions need to be always satisfied for a valid entry:
Longs:
The close price must be above the (displaced) cloud: close > max(leadingspanA , leadingspanB )
The most recent cloud must be green: leadingspanA > leadingspanB
Shorts:
The close price must be below the (displaced) cloud: close < min(leadingspanA , leadingspanB )
The most recent cloud must be red: leadingspanA < leadingspanB
Options for Conversion-/Base Line
Cross: Conversion-Line cross-over Base-Line (Long), Conversion Line cross-under Base-Line (Short)
Over/Und er: Conversion-Line > Base-Line (Long), Conversion-Line < Base-Line (Short)
Options for Lagging Span
Above/Below Price: Lagging-Span > Close Price (Long), Lagging-Span < Close Price (Short)
Above/Below Cloud: Lagging-Span > Ichimoku Cloud (Long), Lagging-Span < Ichimoku Cloud (Short)
Exit Conditions
An optional Stoploss is available. 2 different Types:
ATR: Takes a multiple (set by 'ATR multiplier for SL') of the ATR and subtract it (Long) or adds it (Short) to the close price of the previous candel (before entry candle)
HH/LL: Takes the highest high/lowest low of the last X candles (set by 'Lookback Range for HH/LL SL') and sets a SL at this price
none: There is no SL.
The position is at latest exited at the next cross of the Conversion-Line and Base-Line!
Longs: Conversion-Line cross-under Base-Line.
Shorts: Conversion-Line cross-over Base-Line.
The position is closed if the cross is confirmed (candle has closed).
Risk Management
You can set the risk percent per trade:
Risk only X% of current capital (initial capital + net Profit). This requires a Stoploss-Strategy (not none).
IMPORTANT: For low Timeframes and Markets with tight SL (like Forex) it requires a lower Margin Percent than default. Go to Settings->Properties and lower the required Long/Short Margin. Otherwise Trades might not be considered because of too less capital/marign. Margins can e.g. set to: 2% (Forex), 10% (Stocks), 20% (Crypto).
Pax24 MTF IchimokuPax24 Multiple Time Frames and Adaptative Ichimoku Cloud.
(based on the scripts : MTF Selection Framework by PineCoders and MTF ichimoku by anthonyf50)
Possible display :
- four differents Ichimoku, 1 current and 3 from higher UT (depending on your actual UT)
- Tenkan, Kijun, Chikou and Kumo for all
- labels : offset from line, color if you change style and with/without abbreviation
The 3 upper ichimoku you can display depends of your actual Time Frame :
- M1, M3 => M5 M15 H1
- M5 => M15 H1 H4
- M15, M30, M45 => H1 H4 D
- H1, H2, H3 => H4 D W
- H4, H6, H12 => D W M
- D => W M
- W => M
- M => none other
To add the indicator on your graph, go to "Indicators" then search for "Pax24 MTF Ichimoku" and add the script to your favorites.
-------- CONFIGURATION -------
Base : ichimoku numbers
ichimoku and +1 +2 +3 : Show the first ichimoku (actual UT) and 3 others (higher UT)
for each :
Tenkan : Show the Tenkan
Kijun : Show the Kijun
Chikou : Show the Chikou (Lagging span)
Kumo : Show the Kumo
Label : Show the labels
Offset : Label offset
Color : Label color (because you can't change the style of the label in "Style")
Abbreviation : Label abbreviation (Tk = Tenkan)
If you want to best see others UT kumo, change transparency in style for Kumo
There may be slow display since TradingView requires a minimum of candles to make these calculations. Just zoom out and then zoom in to fix the problem (especially for kumo).
Ichimoku Cloud MasterIchimoku Cloud Master aims to provide the ichimoku trader with easy alert functionality to not miss out on valuable trade setups. The key purpose of this script is to better visualise crucial moments in Ichimoku trading. These alerts should not be used for botting in my opinion as they always need a human to confirm the ichimoku market structure. For example, is the Kijun-Sen flat and too far away from price? A good ichimoku trader will not enter at such a point in time.
Explanation of script:
Chikou(lagging span): pink line, this is price plotted 26 bars ago. People ignore the power of this it is crucial to see how chikou behaves towards past price action as seen in the chart below where we got an entry at red arrow because chikou bounced from past fractal bottom.
Kijun-Sen(base line): Black line or color coded line. This is the equilibrium of last 26 candles. To me this is the most important line in the system as it attracts price.
Kijun = (Highest high of 26 periods + Lowest low of 26 periods) ÷ 2
Tenkan-Sen(conversion line): Blue line. This is the equilibrium of last 9 candles. In a strong uptrend price stays above this line.
Tenkan = (Highest high of 9 periods + Lowest low of 9 periods) ÷ 2
Senkou A (Leading span A)= Pink cloud line, this is the average of the 2 components projected 26 bars in the future.
Senkou A = (Tenkan + Kijun) ÷ 2
Senkou B (Leading span B) = Green cloud line, this is the 52 day equilibrium projected 26 bars in the future.
Senkou B = (Highest high of prior 52 periods + Lowest low of prior 52 periods) ÷ 2
Notice how the distance between Chikou and the cloud is also 52 bars. This is all part of Hosoda's numbers which I am not going to explain here.
Fractals: These are the black triangles you find at key turning point. If you want to know how they work reseach williams fractals. I've used fractals with a period of 9 as it is an ichimoku number. These fractals are useful when working with ichimoku wave theory. Again I will not explain that here but in further education
Fractal Support: Ability to extend lines from the fractals which can be used as an entry/exit mechanism in your trading. For example wait for tenkan to cross kijun and then enter on fractal breakout.
Signals:
Crossing of Chikou (lagging span) with past Kijun-Sen: this will color code the Bars / Kijun-Sen (you can turn this off in options)
The script also has a signal for this, this will be the green and purple diamonds. Where green is bullish and purple is bearish.
wy is this important?
When current price plotted 26 candles back (chikou) crosses over the past equilibrium (kijun-sen) this usualy means price has moved past resistance levels where sellers come in. This indicates a switch in market structure and price is bullish from this point, this is the same in the other direction.
Kumo Twist: when the kumo cloud (future) has a crossover from for example green to red (bull to bear). The script plots these using the colored cross symbols as seen in the picture above. A chikou cross + a Kumo twist at same bar of next to eachother below the cloud can be a great entry sign: this would be an entry after cross in the chart above.
Kijun Bounce: when in an uptrend the price retraces back to Kijun-Sen and starts to go back up. These are marked by the yellow circles as seen in chart below:
low below Kijun-Sen and close above it
Strong Trend: when Tenkan is above Kijun, price above cloud, future cloud green, chikou above close, chikou above Kijun we establish a strong bullish trend. For bearish the exact opposite. The script has a function to send an alert at the start of such trends and to plot them with small colored circles above the bars.
Customisation:
I've added options to disable specific aspects of the indicator for those traders who do not want to use all aspects of the indicator. In the customisation tab I've given each part a clear title so you can use your own colors/shapes.
The perfect entry?
Further info:
Look into my education pane, I will be adding education in the future. The chance of me making a more advanced version of the script including line forecasting etc is rather high so watch out for that.
For those who want to master this system I recommend reading the book:
How to make money with the ichimoku system by Balkrishna M. Sadekar
Or the originals books by Hosoda the inventor of Ichimoku if you can get your hands on them and can read Japanese.
Almost all info about the ichimoku system you find on the internet will lose you money because they reduce the system to simple signals that do not generate money.
I will be providing educational material on tradingview using this indicator.
Ichimoku Chikou Lagging Span Bullish Bearish NeutralIchimoku Chikou Lagging Span Bullish Bearish Neutral
Kyushu AshiKyushu Ashi is one of the Ichimoku strategies which was originally introduced in Ichimoku Kinko Hyo Weekly book by Goichi Hosoda.
<< History >>
Back when Goichi Hosoda was sharing his market analysis in Miyako Newspaper, traders were hand-writing the open, close, high, and low price levels as well as 5 price values of Ichimoku (Tenkan sen, Kijun sen, Chiko span, Senko span A, Senko span B) every day. And because there was no PC back then, it was a bit too much of work. So traders asked Goichi Hosoda if they can simplify their analysis, and introduced Kyushu Ashi technique.
<< About Kyushu Ashi >>
Kyu means 9, Shu means week, Ashi means candles in Japanese. Kyushu Ashi is to capture market reverse and trend continuation on Weekly timeframe by using Kihon Suchi time cycles.
According to the original book, you cannot trade by Kyushu Ashi only. You need to use it together with Ichimoku 5 lines.
Stay Gold,
Kei
[_ParkF]RSI (+ichimoku cloud)RSI
Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart,
and linear regression was added to predict changes in force intensity,
which allowed us to confirm support and resistance within linear regression .
In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance .
In other words,
if the diversity signal appears together when the rsi candle is supported and resisted within linear regression ,
this is the basis for predicting that it is a point of change in the existing trend.
Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used.
I hope it will help you with your trading.
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(+ichimoku cloud)
Clouds made of the preceding span 1 and the preceding span 2 of the balance table can predict the trend by displaying the current price balance ahead of the future.
In addition to the role of clouds in the above-described balance sheet, this indicator also shows the cloud band support and resistance of the current RSI value.
일반적인 RSI 지표를 캔들화 하였고 꼬리까지 포함하여 캔들 차트와 유사하게 표현 하고,
캔들화한 RSI 지표에 선형회귀(채널)를 추가 하여 RSI 지표 특유의 힘의 강도의 변화를 지지와 저항으로 확인할 수 있게 해봤습니다.
또한 다이버전스 신호를 추가하여 선형회귀(채널)로 인한 지지와 저항에 따른 가격 변동의 근거로 삼을 수 있습니다.
즉, 선형회귀(채널) 안에서 RSI 캔들이 지지와 저항을 받을 때 다이버전스 신호가 함께 나타난다면 이는 기존 추세의 변화 지점임을
예측해 볼 수 있는 근거가 됩니다.
마지막으로 선형회귀(채널)의 기간값과 표준편차는 임의로 수정하여 사용할 수 있습니다.
당신의 트레이딩에 도움이 되었으면 합니다.
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(+일목균형표의 구름)
일목균형표의 선행스팬1과 선행스팬2로 만들어진 구름은 현재 가격의 균형을 미래에 선행하여 표시하여 추세를 예측해볼 수 있습니다.
본 지표에서는 위에서 설명한 일목균형표의 구름의 역할과 더불어 현 RSI 값의 구름대 지지, 저항 또한 확인해볼 수 있습니다.
* I would like to express my gratitude to zdmre for revealing the linear regression source.
Ichimoku 4H crypto strategy -- LONG ONLYThis is a LONG ONLY strategy for 4h timeframe of any Cryptocurrency/USD pairs. The strategy opens only 1 position at a time with the following conditions.
Open Long Position when:
1. Closed price above cloud AND
2. Green cloud ahead AND
3. Conversion line above Baseline AND
4. Lagging span above cloud and price action AND
Close trade when:
1. Lagging span gets below price action or cloud OR
2. Price gets inside the cloud OR
3. Price gets below baseline
You can use it on a lower timeframe at YOUR OWN RISK. My optimal timeframe is 4 Hour candles.
Cheers.
