Ichimoku & Supertrend Combined StrategyOne of my mixed approach strategy indicators which include's:
- Ichimoku using much faster settings. (ECC-11)
- Supertrend
Whilst both Supertrend and Ichimoku are quite reliable, they do sometimes provide false signals. By combining both indicators, trading when both agree, it reduces the number of false alerts.
Using this indicator is simple. If the lifetime line is green then buy. If red then sell and when black don't trade. So...
Green Line - This strategy is in a buy position
Red Line - This strategy is in a sell position
Black Line - DON'T TRADE
The trader's approach is simple, when all indicators are green or red, then take the trade. As soon as one indicator changes, then re-evaluate using your normal process, such as price action, to determine whether to close the trade or continue.
There are also some alerts for opening and closing positions.
If you wish to make some changes or discuss, please don't hesitate to message me.
Awan Ichimoku
Ichimoku ECC-11 As an IndicatorThis indicator is based on the famous ECC-11 strategy discussed on the Internet. It can be used on any timeframe, but ECC-11 is better suited for intraday 15min charts.
The various colour lines represent:
Black - Price
Orange - Chikou
Blue - Senkou A
Red - Senkou B
Green/Red - The Clouds
More information on how to follow the Ichimoku strategy can be found here:
www.investopedia.com
The main difference between the normal Ichimoku settings and ECC-11 are these ones are more sensitive by splitting them in half. Therefore beware sudden price change can be over amplified if you're used to the normal settings.
If you wish to have any changes, modifications or add some alerts please do not hesitate to message me.
Multi StrategyDuring the course of a trade, we can find ourselves changing strategies depending on the market. Instead of using many different templates, I have a simple indicator that clearly says "Buy", "Sell" or "Stay Out". The great thing about this approach, is we instantly observe the majority are in agreement and that decides which way to place our trade.
This indicator includes the following strategies:
- QQE
- Ichimoku using much faster settings.
- Parabolic SAR
- Supertrend
- TTM Oscillator
- The Squeeze strategy
- The Alligator Strategy
Using this indicator is simple, if the lines are mainly green then buy, if mainly red then sell OR don't trade. So...
Green Line - This strategy is in a buy position
Orange or Black Line - This strategy is undecided
Red Line - This strategy is in a sell position
There are also some green and red circles for reference that appear showing when that bar has broken through the Ichimoku cloud.
The trader's approach is simple, when all indicators are green or red, then take the trade. As soon as one indicator changes, then re-evaluate using your normal process, such as price action, to determine whether to close the trade or continue.
I can customise this further or add other strategies, please message me.
Ichimoku with offset includedBased on the idea that some Donchian Channels in trading books have a lookback or offset of 1 in order to use it as a sort of trailing stop or so that the channels don't adjust. Ichimoku's Tenkan and Kijun lines have a very similar formula to Donchian Channels. In case anyone wants to use those lines as a sort of more fixed trailing stop, offset the Kijun, Tenkan, Span B, and/or treat it like Donchian Channels and such in the Ichimoku system, I included an offset of 1 as the default. To change this indicator to a standard regular looking Ichimoku, just change the offset value to 0.
The formula seems a bit different to what Tradingview has for their own version of Ichimoku but it's the same as many other programmers here. I made the colors as close to the traditional colors seen in books and other places and Tradingview as much as I could think of. Ichimoku has many different variations out there and to add the the confusion can have many different strategies to go with it. If you have any suggestions or tips, please let me know.
Dynamic Dots Dashboard (a Cloud/ZLEMA Composite)The purpose of this indicator is to provide an easy-to-read binary dashboard of where the current price is relative to key dynamic supports and resistances. The concept is simple, if a dynamic s/r is currently acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below.
There are some additional features, but the dot graphs are king.
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KEY:
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Currently the dynamic s/r's being used in the dot plots are:
Ichimoku Cloud:
Tenkan (blue)
Kijun (pink)
Senkou A (red)
Senkou B (green)
ZLEMA (Zero Lag Exponential Moving Average)
99 ZLEMA (lavender)
200 ZLEMA (salmon)
You'll see a dashed line through the middle of the resistances section (red) and supports section (green). Cloud indicators are plotted above the dashed line, and ZLEMA's are below.
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How it Works - Visual
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As stated in the intro - if a dynamic s/r is currently above the current price and acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below. Additionally, there is an optional histogram (default is on) that will further visualize this relationship. The histogram is a simple summation of the resistances above and the supports below.
Here's a visual to assist with what that means. This chart includes all of those dynamic s/r's in the dynamic dot dashboard (the on-chart parts are individually added, not part of this tool).
You can see that as a dynamic support is lost, the corresponding dot is moved from the supports section at the bottom (green), to the resistances section at the top (red). The opposite being true as resistances are being overtaken (broken resistances are moved to the support section (red)). You can see that the raw chart is just... a mess. Which kinda of accentuates one of the key goals of this indicator: to get all that dynamic support info without a mess of a chart like that.
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How To Use It
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There are a lot of ways to use this information, but the most notable of which is to detect shifts in the market cycle.
For this example, take a look at the dynamic s/r dots in the resistances category (red background). You can see clearly that there are distinctive blocks of high density dots that have clear beginnings and ends. When we transition from a high density of dots to none in resistances, that means we are flipping them as support and entering a bull cycle. On the other hand, when we go from low density of dots as resistances to high density, we're pivoting to a bear cycle. Easy as that, you can quickly detect when market cycles are beginning or ending.
Alternatively, you can add your preferred linear SR's, fibs, etc. to the chart and quickly glance at the dashboard to gauge how dynamic SR's may be contributing to the risk of your trade.
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Who It's For
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New traders: by looking at dot density alone, you can use Dot Dynamics to spot transitionary phases in market cycles.
Experienced traders: keep your charts clean and the information easy to digest.
Developers: I created this originally as a starting point for more complex algos I'm working on. One algo is reading this dot dashboard and taking a position size relative to the s/r's above and below. Another cloud algo is using the results as inputs to spot good setups.
Colored Bars
There is an option (off by default, shown in the headline image above) to fill the bar colors based on how many dynamic s/r's are above or below the current price. This can make things easier for some users, confusing for others. I defaulted them to off as I don't want colors to confuse the primary value proposition of the indicators, which is the dot heat map. You can turn on colored bars in the settings.
One thing to note with the colored bars: they plot the color purely by the dot densities. Random spikes in the gradient colors (i.e. red to lime or green) can be a useful thing to notice, as they commonly occur at places where the price is bouncing between dynamic s/r's and can indicate a paradigm shift in the market cycle.
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Timeframes and Assets
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This can be used effectively on all assets (stocks, crypto, forex, etc) and all time frames. As always with any indicator, the higher TF's are generally respected more than lower TF's.
Thanks for checking it out! I've been trading crypto for years and am just now beginning to publish my ideas, secret-sauce scripts and handy tools (like this one). If you enjoyed this indicator and would like to see more, a like and a follow is greatly appreciated 😁.
Ichimoku Clouds with Trend IdentificationThis is another version of the Ichimoku Clouds indicator where I have added logic to evaluate the current chart as either Bullish, Bearish, or Mixed, depending on 4 factors:
1. Is the price above/below the cloud?
2. Is the conversion line above/below the base line?
3. Is the lagging span above/below the cloud?
4. Is the rightmost cloud green/red?
If all conditions point the same direction, then the chart will be labelled "Bullish" or "Bearish". Otherwise it will be labelled "Mixed".
Ichimoku Cloud "Pivot"The purpose of the base and conversion lines is to give an indication of the current trend but the numerous crossings and false signals make it noisy and unreliable. This new indicator dubbed the the Ichimoku Cloud Pivot is based on an average of the IC leading spans without the time offset which are further filtered through a Donchian Channel. The result is the purple line which has fewer crossings and reliably serves as a resistance/support as shown in the diagram. It can be used in instances where the cloud fails to give a clear signal of the current trend. The brown line is the standard conversion line and is shown for reference.
Ichimoku Cloud LONG and SHORT indicatorsThis simple script uses 4 rules from Ichimoku Cloud indicator to marks position entry points.
The idea is that by entering a long position just when these 4 criteria are met, you can capture a 2-3% plus move within the next few days:
1. The conversion line is above the base line
2. The price is above the clouds
3. The lagging span is above the clouds
4. The rightmost cloud is green
The same 4 criteria but inverted will indicate a short entry.
In order to avoid 'stale' entries which can lead to chasing, we want the price and conversion line crossovers to be recent, within the past few days. Ideally we want to enter before close on the day the entry signal is given so that we can capture any potential gap up (or down if short). Often the price will make a nice move the next day or day after. If any of the criteria become invalidated, or if after 4-5 days there hasn't been significant movement, then it was a false alarm.
This script will show the basic Ichimoku Cloud indicators, plus labels for bearish and bullish price and conversion line crossovers as well as LONG and SHOT indicators to show when the entry criteria have been met.
Ichimoku Cloud using Tilson T3 SmoothingThe standard Ichimoku Cloud is derived from Donchian Channels and is based on the range of the data set. However the channels are choppy and may not always be easy to read. By using moving averages, similar leading spans can be generated with a smoother outline. The T3 averages further smooths out the curve.
EMA ICHI BB [Rogulabo]3 indicators in 1.
Included Indicators are:
- EMA 8,13,21,55,100,200,450
- Ichimoku
- Bollinger Band
These can be used to determine changes in trends when:
- EMA's collide, trajectories shift, or certain levels are reached.
- Ichimoku cloud is above or below the candles.
- Bollinger Band's width changes, or range is broken.
Reasons for 3 in 1 assembly:
This indicator is intended to be used by students, and followers of Dan Takahashi
(a prominent educator of investing in Japan who is also a user of TradingView) .
Those who wants to use and learn with the same setup as Dan, would greatly benefit from this since,
the complex setting up process which can be a pain for beginners can be skipped with a simple click.
Every stylistic choice of color and placement were made to make it similar to the chart used by Dan.
Simple customizations are available such as:
- Changing color
- Changing the values
- Hide/show controls
Notes:
This is intended to be used alongside “STOCH RSI ” for the complete the setup.
Any questions, please refer to:
@rogulabo
＝＝
高橋ダンさんが使用されてるチャートと同様のセットアップの為にご活用ください。
複数のインジケータをグループにしておりますので、無料版を使われてる方は効率よく使っていただけると思います。
また、“STOCH RSI ”どいうタイトルのインジケータも同時に公開しておりますので、セットアップを完成させたい方はこちらもご活用ください。
以下のインジケータを含みます。
・EMA線
・一目均等表
・ボリンジャーバンド
カスタマイズされたい方はご自由に値を変更ください。
ご質問は ＠rogulabo までよろしくお願いいたします。
Fixed TF KijunSenJust a simple script which plots on any timeframe the kijunsen of a single specific timeframe, selectable by the user.
Useful for strategies which need to work on various timeframes, but need the kijun of that specific timeframe to be always visible for the analysis.
The Strategy - Ichimoku Kinko Hyo and moreThe purpose of this strategy is to make the signals from my scripts available for verification by backtests. Different signal and filter combinations can be created and specific manual parameter optimization can be carried out.
In detail, this strategy includes:
23 entry signals
two entry filters with each 9 filters
two exit filters with each 9 filters
take profit and stop loss
time period for backtesting
yas_barabariby this indicator u can find where the tenken-sen and kijen-sen is equal
yellow bar means the t/k is equal
red bar means tenken is under kijen-sen
blue bar means kijen is below tenken-sen
white bar on top means t+17 equal kijen-sen
Ichimoku Kinko Hyo and moreI am publishing my updated Ichimoku ++ study with a more suitable title. Future updates will take place with this version.
Description:
The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because the structure of the chart is more difficult to see. The chart should be clear and market structure should be easy to see. The script allows you to add indicators and signals in different visualizations to better assess the quality of signals and the sentiment of the market.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with Fractals and other indicators as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
[DN]DNKUMOThis script draws some of MA line with momentum bar on your chart.
These lines looks like ICHIMOKU. You could use this script like ICHIMOKU, I hope :-)
InariN CloudSInariN CloudS (INCS) is my custom model of InariN.
I usually use INCS in 300 ticks (other software) and 5 minutes charts for day trading.
Please read script "InariN simple" for basic usage.
I share background and fundamental ideas of day trading and INCS here.
I start with the practical conclusion and then explain INCS.
Maybe you'll notice that most indicators are unnecessary at the end of this text.
Anyway I compile fundamental ideas that I wanted to know as a beginner.
(I'll update to finish this text, please wait for some time.)
///Premise of trading///
Market's purpose...facilitating trading
Trader's purpose...making money
Market is stronger than trader and trader need adjust to market.
However trader have controllable side.
Market's control...Trend, Volatility
Trader's control...Money management, Making Risk:Reward, Choosing and exercising trading strategy
///Simple rule (Conclusion)///
I made simple rule "Just Do It Now" to check essential ideas on every trade.
Traders can use thousands of indicators but only use three choices "Buy, Sell and No trade".
If you have bad result, you had better suspect not your indicators but your three choices at first.
(This is one of the best advice I have ever heard by N jijii.)
Ichimoku Kinko Hyo + FractalsIn contrast to my Ichimoku ++ Study this is a pure Ichimoku Konko Hyo Study with Bill Williams Fractals (I couldn't leave out the fractals as these levels are too important for Ichimoku trading).
In this study you can find many visualisation options for the Ichimoku Indicator and the signals the Ichimoku Tradingsystem can provide.
Tenkan-sen and Kijun-sen are provided optionally as mtf levels.
An mtf price cloud relationship is shown in the upper right.
The included signals are:
B1/S1 is a strong filtered signal. The condition for long entry is:
price > Kumo AND Chikou > price AND Chikou > Kumo AND Tenkan > Kijun AND Komo is green
B2/S2 is a less filtered signal. The condition for long entry is:
price > Kumo AND Chikou > price AND Tenkan > Kijun
IB/IS is a confluence signal. The condition for a long/short entry is: more than 50% of the 8 defined conditions must trigger a long signal. Below 50% long, it is a short signal because more than 50% of the entry conditions have triggered a short signal.
Ichimoku Kinko Hyo - mtf clustersThis script can show mtf-clusters from higher time frames. Tenkan-sen, Kijun-sen, Senko-span A and Senko-span B are displayed in the current time frame from higher time frames (the range is from 1 minute to the monthly time frame). Sometimes these levels form clusters that act as strong levels of support and resistance.
Pink panther It is a simple indicator, you can use it with all time frames. So the pink line present the last high potential area that price try to breakout , and to use it you must consider three main things :
1- price on your time frame above Ichimoku cloud.
2- RSI above 50.
3- MACD crossover.
how to execute your order?
when price break the pink line and close 1 minute candle .
BV's ICHIMOKU CLOUD - All Signalshello traders,
With this script you will be able to test the different signals offered by the ichimoku cloud system.
Crossover Tenkan Kijun
Crossover Tenkan Kijun above Kumo
Crossover Price Kijun
Crossover Price Kijun above Kumo
Crossover Price Tenkan
Crossover Prince Tenkan aboce Kumo
Crossover price Kumo
Kumo Color Change
Remember to check the JPYPAIR checkbox if you test a JPY/xxx pair, this will adjust the stop loss and take profit calculation.
You can also adjust the TP and SL values in the parameters to change their ratio. I had good results in 1.5:1 with the :
SL = 2.25 x ATR(14)
TP = 1.5 x ATR(14)
At your tests, don't hesitate to share your results.
InariN BasicInariN is original work by N jijii.
I think InariN is modern interpretation of Ichimoku Cloud.
Please read script "InariN simple" for basic usage.
Multi time flame candles in this script is great work Candlestick Plot MTF by mortdiggiddy.
Supplementary explanation :
N jijii decided basic numbers as Ichimoku.
"I" first swing is 9. Only first swing is 9 because all numbers is consisted of nine numbers except start point 0 (his philosophy).
The second and subsequent is 8 because tangent point of previous swing is not counted (his philosophy).
"V" second swing is 9 + 8 = 17. "N" third swing is 9 + 8 + 8 = 25.
"N N = N2" is 25 +24 = 49. "N4" is 97. "N9"is 217.
He used basic numbers for parameters.
I think his idea is unique but the important point is this basic numbers are about popular numbers traders usually use and we can use as the same.
N2 and N9 spans is slightly difficult to use (Ichimoku lagging span).
Basically N span is used to measure Time Retracement and momentum.
If you want to practice Time Retracement , please check script "Ichimoku Time Retracement".
Enjoy!!
Ichimoku Time RetracementThis is educational tool for understand pullback measurement .
Price pullback and Time pullback is basic concept for ichimoku.
I change parameters to understand relationship of each line easily and add lines .
Enjoy!!
Ichimoku Cloud - AlertsIchimoku cloud
IC is a trend - following system with an indicator similar to moving averages
It predicts price movements
Offers a unique perspective of support and resistance levels.
Conversion Line (Turning Line)
- Measures Short Term Trend
- SIgnals an area of minor support and resistance
Base Line (Confirmation Line)
Measures Medium term trend
Used as Trailing Stop Level.
Lagging Span (Lagging Line)
Used for Confirmation of signals
Can also serve as Support and Resistance Level
Kumo Cloud
Formed of two lines: Span A (Green Line) and Span B (Red Line)
Dynamic Support and Resistance .
HOW TO READ ICHIMOKU INDICATOR
Conversion Line
If the Market Price is above the Conversion Line = Short Term Upward Movement
If the Market Price is below the Conversion Line = Short Term Downward Movement
Increasing Conversion Line = Upward Short Term Trend
Decreasing Conversion Line = Downward Short Term Trend
Base Line
If the Market Price is above the baseline = Medium - term upward trend
If the Market price is below the baseline = Medium - Term downward Trend
Increasing Base Line = Upward Medium term trend
Decreasing Base Line = Downward Medium Term Trend
Lagging Span
The Evolution of the current price action in relation to previous price action
If the Lagging span is above the current price = Bullish Bias
If the Lagging span is below the current price = Bearish Bias
Lagging span near the current price = Trading range
Kumo Cloud
Dynamic Support and Resistance based upon price action.
The longer the price stays below/above the Kumo cloud, the STRONGER the trend is.
When the cloud is wide, the expected support or resistance is strong
When the cloud is thin, the expected support or resistance is weak
Never trade inside the KUMO CLOUD.
HOW TO TRADE WITH ICHIMOKU CLOUD
Baseline and conversion Line crossover (Lagging Span as a Filter)
crossover(conversion line, baseline) = Buy
crossunder(conversion line, baseline) = Sell
FILTER
crossover(conversion line, baseline) and lagging span is Bullish (i.e above the price) = Buy
Crossunder(conversion line, baseline) and lagging span is Bearish (i.e below the price) = Sell
2. Baseline - Conversion line crossover (Kumo cloud Filter)
crossover(conversion line, baseline) above the Kumo Cloud = Strong Buy
crossover(conversion line, baseline) below the Kumo cloud = Weak Buy
crossunder(conversion line, baseline) below the Kumo Cloud = Strong Sell
crossunder(conversion line, baseline) above the Kumo Cloud = Weak Sell
3. Kumo Cloud Breakout
When the price enters the Kumo Cloud, and breaks its Upper wall upward = Bullish Signal
When the price enters the Kumo Cloud, and breaks its Lower wall downward = Bearish Signal
4. Kumo Cloud Crossover
When Span A cuts the Span B from below to the upside and prices are positioned above the Kumo Cloud = Strong Buy Signal
When Span A cuts the Span B from upside to the bottom and the prices are positioned below the Kumo Cloud = Strong Sell
When Span A cuts Span B from bottom to the upside and prices are positioned below the Kumo Cloud = Weak Buy Signal
When Span A cuts Span B from the upside to the bottom and the prices are positioned above the Kumo Cloud = Weak Sell Signal.
NOTE:- Some of the signals collide with each other, but they collide for the same call, so shouldn't really be a problem overall. Let me know if you have any suggestions to nullify the trading Range. Though I do plan on adding my Renko code to it for filtering out Trading Range.
