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ICHIMOKU MTFMultiple 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: the indicator hast 5 lines but you can change only 4 parameters in the settings menu of Tradingview Charts which you could only control 3 of the lines effectively. A second problem is that Tradingview preferred to use English titles for the ICHIMOKU lines instead of giving them the most common original Japanese ones. (So I rewrite the indicator) Kijun Sen (blue line): Also called standard line or base line, this is calculated by averaging the highest high and the lowest low for the past 26 periods. Tenkan Sen (red line): This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods. Chikou Span (Plum line): This is called the lagging line. It is today’s closing price plotted 26 periods behind. Senkou SpanA (green line): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead. Senkou SpanB (purple line): The second Senkou line is determined by averaging the highest high and the lowest low for the past 52 periods and plotted 26 periods ahead. PERSONALLY I ADVISE YOU TO USE ICHIMOKU WITH DEAFULT LENGTHS (9,26,26,52,26) IN ORDER FOR STOCK MARKETS AND FOREX MARKETS FOR CRYPTO YOU'D BETTER USE: 10,30,30,60,30 OR 20,60,60,120,60 THE TRICKY THING IS THAT KEEPING THE 1-3-3-6-3 RATIO CONSTANT IS NECESSARY Here's a link of my Youtube video explaining ICHIMOKU but unfortunately only in TURKISH: www.youtube.com Developed by: Goichi Hosoda Here's the link to a complete list of all my indicators: tr.tradingview.com Ichimoku kullanımı anlattığım detaylı video serisini linkten izleyebilirsiniz: www.youtube.com İndikatörü geliştiren: Goichi Hosoda
Penunjuk Pine Script®
oleh KivancOzbilgic
12
Renko Ichimoku CloudThis script utilizes its source from a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the Ichimoku Cloud. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold is breached or a "brick" is created. This Ichmoku Cloud includes all standard lines with standard lengths. These include: Tenken Sen Kiju Sen Senkou A/B Chikou Span We have also included plotted marks for when there is a Tenken Sen/ Kiju Sen cross and for the Kumo cloud twist. There are two methods for selecting the box size. Box size is critical for the overall function and efficacy of the plots you will visually see with this indicator. Box size is set automatically using the Average True Range "ATR" or manually using the "Traditional" setting. The simplest way to determine a manual box six is to take the ATR of the given instrument and round it to the nearest decimal place. As an example, if the ATR for the asset is 0.017, you would round that number to 0.02 and utilize this as your traditional box size.
Penunjuk Pine Script®
oleh LeafAlgo
2
Ichimoku Cloud and ADX with Trailing Stop Loss (by Coinrule)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. The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals. The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down. DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend. Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach. Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse. This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades. Long orders are placed when these basic signals are triggered. Long Position: Tenkan-Sen is above the Kijun-Sen Chikou-Span is above the close of 26 bars ago Close is above the Kumo Cloud MACD line crosses over the signal line -DI is greater than +DI ADX is greater than 45 Close Position: 3% increase trailing 3% decrease trailing The script is backtested from 1 January 2018 and provides good returns. The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance. This script also works well on MATIC (1d timeframe), ETH (1d timeframe), and SOL (1d timeframe).
Strategi Pine Script®
oleh Coinrule
Chikou Filter for Ichimoku CloudThis Indicator enhances functionality of Chikou-Span from Ichimoku Cloud using a simple trend filter. Methodology 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. Bullish : Trend is bullish if Chikou span is above high values of all candles within defined lookback period. Green color shows bullish trend. Bearish: Trend is bearish if Chikou span is below low values of all candles within defined lookback period. This is indicated by red color. Reversal / Choppiness : White color indicates that Chikou are swinging around candles within defined lookback period which is an indication of consolidation or trend reversal. Default Settings Different source types are included but I've found that (OHLC4+High+Low)/3 is better for Chikou and Symmetrically Weighted Moving Average (SWMA) is also applied but it produce some repainting though. Default period is set to 26 and lookback percentage is 50%. Low percentage would decrease filter's efficiency. Usage This filter can be used to check if Chikou crossover has occurred in past. This can be used with Donchain channels, Bollinger Bands or any Moving Average as replacement of High / Low values. I'll use this indicator in all my Ichimoku Cloud studies especially adaptive ones. Filter outputs in Color and Integer format; both can be used as signals definitions.
Penunjuk Pine Script®
oleh MightyZinger
1
Ichimoku Kinko Hyo Cloud - no offset - no repaint - strategyIchimoku 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 be easily converted to the study() mode by commenting/uncommenting a few lines, then the alarms can be configured. There are entry and exit signals ready to be used by the alert system. The coloring of the cloud without offset contains all 3 conditions: Uptrend , Downtrend , Transition .
Strategi Pine Script®
oleh KryptoNight
25
Ichimoku Kinko Hyo + HULL-MA_X + MacDThe 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 Tenkan Sen, also known as the Turning or Conversion line, is a moving average of the highest high and lowest low over the last 9 periods in this strategy. The Kijun Sen, also known as the Standard or Base line, is a moving average of the highest high and lowest low over the last 24 periods in this strategy. The Chikou Span, also known as the Lagging line, is the closing price plotted 24 periods behind in this strategy. The Senkou Span A, also known as the 1st leading line, is a moving average of the Tenkan Sen and Kijun Sen and is plotted 24 periods ahead in this strategy. The Senkou Span B, also known as the 2nd leading line, is a moving average of the highest high and lowest low over the last 51 trading days is plotted 24 periods ahead in this strategy. Moving average convergence divergence (MaCD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MaCD is calculated in this strategy by subtracting the 24-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", aMaCD in this case, is then plotted on top of the MaCD. In this strategy, MaCD/ aMaCD Cross is functioning as a trigger for buy and sell signals. As with most technical analysis methods, Ichimoku is likely to produce frequent conflicting signals in non-trending markets, So in addition to Ichimoku Kinko Hyo, the Hull MA is popular amongst some day traders, as the indicator which in combination with MaCD attempts to give an accurate signal by eliminating lags and improving the smoothness of the line. Alan Hull, developed this moving average indicator and hence it’s called the Hull MA. Now, let’s dissect how the Hull moving average is calculated. 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. The default setting is 12 periods in this strategy, fast Hull MA crossing slow Hull MA will generate a circle on charts. Second, calculate the WMA for period “n” and subtract if from the first step. Thirdly, calculate the weighted moving average with period sqrt (n) using the data from the second step. You can take a look at the below formula: Hull MA= WMA (2*WMA (n/2) − WMA (n)), sqrt (n)) The Hull MA Cross in combination with Tenkan Sen / Kijun Sen Cross and MaCD tries to give an accurate signal by eliminating lags and improve the smoothness of price activity. Please note that price trends can and do change often, so your readings of the charts and this trading system should be probabilistic, rather than predictive.
Strategi Pine Script®
oleh emohil
9
Volume Spread Analysis IchimokuThis version of the popular Ichimoku indicator is modified to let the user choose between his classic mode and the volume-weighted mode. Every line of the indicator is customizable with this function. The Kijun and Tenkan lines are choosable from: 1. The normal version, so the average of the high and the low of the selected period 2. The volume mode, so the average price of the selected input ponderated to the volume The Senkau Span A is the average from the Kijun (fast line) and the Tenkan (slow line) lines and it's choosable from: 1. The normal price version 2. The volume mode 3. The average between points 1 and 2 4. The automatic average between the two fast lines that you've chosen The Senkau Span B is the slowest line of the indicator, used to determine the long-term trend, and can be chosen from: 1. The normal average price between the high and the low of the selected period 2. The volume average price, using the Volume Weighted Moving Average The Trama Backline is the popular "LUX Algo" T.R.A.M.A. indicator, which I'm thankful for, and can be fantastically used to display the current trend strength and condition. This line is readable in the following way: - If the line is moving sideways, the trend may be in a consolidation phase - If the line is moving upwards or downwards, the trend may be in a trend phase
Penunjuk Pine Script®
oleh OmegaTools
3
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
Penunjuk Pine Script®
oleh animecummer
Ichimoku Kinko Hyo (colorblind friendly)This is the Ichimoku Kinko Hyo indicator, using colorblind friendly colors as much as possible so that every line or cloud trend can be identified more easily. It is correctly visible both in bright and dark mode. Note: I have only tested the visibility on myself (I'm deuter), if anyone with another kind of colorblindness has issues distinguishing lines, I'll happily take any suggestion to improve this script.
Penunjuk Pine Script®
oleh mdeous
Ichimoku 2 sets of settings, markers and alertsThis is my take on the masterful, beautiful and powerful Ichimoku. It comes with: - 2 sets of settings you can flip between, - 5 types of markers: --- Tenkan/Kijun crosses, --- Price (close)/Tenkan crosses, with the option of only showing those occurring with the trend, so on pullbacks, --- Price (close) exits out of the Kumo, --- Chikou exits out of the Kumo, --- Overbought/Oversold conditions (shown on the chart). - Choice of showing only long or short markers, - Coloring of bars using OB/OS conditions, - Alerts on all markers and on combinations. The markers are intended as indications—not bulletproof buy/sell signals. The overbought/oversold conditions are detected when the high/low is a multiple of ATR away from Kijun. The ATR length and multiple used are configurable. I normally use the Josh Olszewicz (CarpeNoctom) big settings, so those are the default. I prefer subtle coloring on charts and my choice of colors reflects that. You will see references to KumoA and KumoB in the names of inputs and style elements. For me, KumoA is the top of the Kumo when it is bullish, so the bottom when bearish. As usual when creating alerts, be sure you already have defined proper inputs and that you are on the intended interval, as they will be used when triggering alerts.
Penunjuk Pine Script®
oleh LucF
5
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.
Penunjuk Pine Script®
oleh Options_Series
18
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.
Penunjuk Pine Script®
oleh Options_Series
2
Ichimoku Clouds Strategy Long and ShortOverview: The Ichimoku Clouds Strategy leverages the Ichimoku Kinko Hyo technique to offer traders a range of innovative features, enhancing market analysis and trading efficiency. This strategy is distinct in its combination of standard methodology and advanced customization, making it suitable for both novice and experienced traders. Unique Features: Enhanced Interpretation: The strategy introduces weak, neutral, and strong bullish/bearish signals, enabling detailed interpretation of the Ichimoku cloud and direct chart plotting. Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions. Dual Trading Modes: Long and Short modes are available, allowing alignment with market trends. Flexible Risk Management: Offers three styles in each mode, combining fixed risk management with dynamic indicator states for versatile trade management. Indicator Line Plotting: Enables plotting of Ichimoku indicator lines on the chart for visual decision-making support. Methodology: The strategy utilizes the standard Ichimoku Kinko Hyo model, interpreting indicator values with settings adjustable through a user-friendly menu. This approach is enhanced by TradingView's built-in strategy tester for customization and market selection. Risk Management: Our approach to risk management is dynamic and indicator-centric. With data from the last year, we focus on dynamic indicator states interpretations to mitigate manual setting causing human factor biases. Users still have the option to set a fixed stop loss and/or take profit per position using the corresponding parameters in settings, aligning with their risk tolerance. Backtest Results: Operating window: Date range of backtests is 2023.01.01 - 2024.01.04. It is chosen to let the strategy to close all opened positions. Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks. Maximum Single Position Loss: -6.29% Maximum Single Profit: 22.32% Net Profit: +10 901.95 USDT (+109.02%) Total Trades: 119 (51.26% profitability) Profit Factor: 1.775 Maximum Accumulated Loss: 4 185.37 USDT (-22.87%) Average Profit per Trade: 91.67 USDT (+0.7%) Average Trade Duration: 56 hours These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters. Backtest is calculated using deep backtest option in TradingView built-in strategy tester How to Use: Add the script to favorites for easy access. Apply to the desired chart and timeframe (optimal performance observed on the 1H chart, ForEx or cryptocurrency top-10 coins with quote asset USDT). Configure settings using the dropdown choice list in the built-in menu. Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}} Disclaimer: Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Strategi Pine Script®
oleh Skyrexio
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.
Penunjuk Pine Script®
oleh ramsay09
5
ICHIMOKU Kinko Hyo by KIVANC fr3762Created 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: the indicator hast 5 lines but you can change only 4 parameters in the settings menu of Tradingview Charts which you could only control 3 of the lines effectively. A second problem is that Tradingview preferred to use English titles for the ICHIMOKU lines instead of giving them the most common original Japanese ones. (So I rewrite the indicator) Kijun Sen (blue line): Also called standard line or base line, this is calculated by averaging the highest high and the lowest low for the past 26 periods. Tenkan Sen (red line): This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods. Chikou Span (Plum line): This is called the lagging line. It is today’s closing price plotted 26 periods behind. Senkou SpanA (green line): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead. Senkou SpanB (purple line): The second Senkou line is determined by averaging the highest high and the lowest low for the past 52 periods and plotted 26 periods ahead. PERSONALLY I ADVISE YOU TO USE ICHIMOKU WITH DEAFULT LENGTHS (9,26,26,52,26) IN ORDER FOR STOCK MARKETS AND FOREX MARKETS FOR CRYPTO YOU'D BETTER USE: 10,30,30,60,30 OR 20,60,60,120,60 THE TRICKY THING IS THAT KEEPING THE 1-3-3-6-3 RATIO CONSTANT IS NECESSARY Here's a link of my Youtube video explaining ICHIMOKU but unfortunately only in TURKISH: www.youtube.com Developed by: Goichi Hosoda
Penunjuk Pine Script®
oleh KivancOzbilgic
22
Ichimoku Cloud w/ HelpersIchimoku Cloud w/ Helpers is your standard Ichimoku Cloud indicator with two additions. Checkout TradingView's write up on the Ichimoku Cloud here . The two additions added to this indicator are described below: 1 — A box is drawn centered on the current bar and stretching a length equal to the 'Senkou Span B Period'.    • The box encompasses the highest high and lowest low in that period. 2 — Two new lines are added.    • Green Line : Projection from the Lagging Line (Chikou Span) to the Span A line, indicating historical price action relative to future projected support/resistance.    • Red Line : Projection from the Kijun-sen (Base Line) to the Span B line, indicating medium-term trend direction relative to future projected support/resistance. Use cases :  • The Box is simply a visual cue to draw your eye towards the area that the Ichimoku Cloud is currently attempting to analyze: Past, Present and Future.  • The green and red lines add a way to interpret the sentiment:    • Diverging Lines with Green Above Red --> Interpret as Bullish Sentiment    • Converging Lines with Green Crossing Above Red --> Interpret as Bullish reversal or strengthening    • Converging Lines with Green Crossing Below Red --> Interpret as Bearish reversal or weakening.    • Diverging Lines with Red Above Green --> Interpret as Bearish Sentiment    • Converging Lines with Red Crossing Below Green --> Interpret as Bullish reversal or weakening bearish trend. Current limitations :  • Under settings -> Styles, the plotted lines don't allow the colors to be changed. A bug I'm trying to figure out. Bugs? Kindly report any issues you run into and I'll try to fix them promptly. Thank you!
Penunjuk Pine Script®
oleh vtdarkhorse
3