The market consists of three phases: an uptrend phase, a downtrend phase, and a range-bound phase.Furthermore, if we include a trend phase and a correction phase, the market has five phases. In other words, the market is classified into the “five phases” as below:
1) Uptrend market (trend phase, upward bias)
2) Downtrend market (trend phase, downward bias)
The Span Model is a very unique chart which shows us especially when to buy and when to sell. And the Span Model has advantage in judging the trade timing.
The Span Model is composed of only three lines (spans).
They are the Blue Span, the Red Span and the Chikou Span.
And a major...
Ichimoku Kinko Hyo Cloud - no offset - no repaint - RSI filter - strategy
The indicator contains both the standard Ichimoku Cloud , as well as the one without the visual offset.
The Strategy Tester indicates good backtest results when the Ichimoku Cloud is paired with the RSI .
However, it seems it likes to work more as a standalone system.
The indicator can...
Multiple Time Frame Version of Ichimoku Kinko Hyo Indicator.
Created in 1940's by Goichi Hosoda withe the help of University students in Japan.
Ichimoku is one of the best trend following indicators that works nearly perfect in all markets and time frames.
Ichimoku is originally an built in indicator in Tradingview but there are some problems like:
This study interprets SuperTrend with Ichimoku Cloud, one of the popular technical analysis indicator, and interprets Directional Movement (DMI), which is another quite valuable technical analysis indicator.
Then combines the interpreted SuperTrend with interpreted Directional Movement (DMI) and Volume Based Colored Bars indicator created by Kıvaç ÖZBİLGİÇ...
Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, it uses a modified formula. Out of which only following two are used in this strategy.
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)
Ichimoku Kinko Hyo:
The Ichimoku Kinko Hyo system includes five kinds of signal, of which this strategy uses...
The Ichimoku Kinko Hyo system includes five kinds of signal, of which this strategy uses the most recent of ones i.e. Tenkan Sen / Kijun Sen Cross and price crosses the Kijun Sen. As the Chikou Span, Senkou Span A and Senkou Span B are shifted into the past/future, the trigger signals will be only be used for visual confirmation and not part of the strategy.
The Hull MA involves the weighted moving average ( WMA ) in its calculation.
First, calculate the WMA with period (n / 2) and multiply this by 2. Remember ‘n’ is the time period configurable based on the trader’s requirement.
Second, calculate the WMA for period “n” and subtract if from the first step. Thirdly, calculate the weighted moving average...
Original Ichimoku Kinko Hyo created by Goichi Hosoda 1930
Knowing how to interpret the Ichimoku indicator can be complicated. I hope this version is more intuitive
Use Ichimoku to determine the trend of the day
When the market is above the cloud, and Tenkan (green line) crosses over Kijun (red Line), there is a Bullish Trend . When Tenkan crosses under Kijun,...
The default Ichimoku Cloud by TradingView is strange. The kumo is only displaced 25 periods forward, and the chikou is displaced 25 periods back. This is because TradingView had the correct value for displacement (26), but they decided to subtract this displacement by 1 when actually drawing the kumo and add 1 when drawing the chikou. This script fixes this and...
2 x Ichimoku Cloud
5 x EMA
2 x MA
1 x HullMA
Study is based around trader @br0qn 's Ichimoku script.
Credits also go to:
@RicardoSantos for the Bill Williams Fractals
@EmilianoMesa for the EMAs/MAs
@mohamed982 for the HullMA
The script is open source so please feel free to change it around. I'd greatly appreciate...
Strategy based on the Ishimoku Kinko Hyo system, using the different indicators it provides to build signals.
This strategy could be better as it should ideally use the position of the price line compared to Chikou to determine if signals should be looked for, but I've been unable to fully implement this so far (an imperfect implementation is provided, but...
Open Source Ichimoku Kinkō hyō Keizen 改善
First of all, thank you for using my work, making changes and continuing to share it for free.
I chose as indicator name Ichimoku Kinkō hyō Keizen logically simply by
what the word Keizen reflects a Japanese method which means continuous improvement and quality.
The goal here is to correct already any offset faults that...
This is an update of "Uncle Mo's Ultimate Ichimoku V1"
2 x Ichimoku Cloud
5 x EMA
2 x MA
1 x HullMA
Bollinger Bands - ***NEW***
ATR - ***NEW***
PSAR - ***NEW***
Candlestick Patterns - ***NEW***
Price Action Bars- ***NEW***
List of credits:
@br0qn for the Ichimoku
@RicardoSantos for the Bill Williams Fractal...
This trading strategy uses combination of the Ichimoku Kinko Hyo system with Fibonacci numbers based exponential moving average(EMA) and RSI 12/24 crossover, giving excellent results in trending stocks !