OPEN-SOURCE SCRIPT
Updated Ichimoku [Gu5]
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 trend ends.
When the market is under the cloud, and Tenkan crosses under Kijun; There is a Bearish Trend . When Tenkan crosses over Kijun, the trend ends.
When the market crosses the cloud (orange bars), there is no trend
The default setting is 9, 26 and 52. For cryptocurrencies (24/7 market), you can change it to 10, 30 and 60 periods.
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Ichimoku Kinko Hyo fue creado por Goichi Hosoda en 1930
Saber interpretar al indicador Ichimoku puede ser complicado. Espero esta version sea mas intuitiva
Use Ichimoku para determinar la tendencia del día, y operar solo a favor de la misma
Cuando el mercado esta sobre la nube y Tenkan (linea verde) cruza sobre Kijun (linea roja), la tendencia es alcista. Cuando Tenkan cruza bajo Kijun, termina la tendencia.
Cuando el mercado esta bajo la nube y Tenkan cruza bajo Kijun, la tendencia es bajista. Cuando Tenkan cruza sobre Kijun, termina la tendencia.
Cuando el mercado atraviesa la nube (barras naranjas), no hay tendencia
Por defecto, el seteo es 9, 26 y 52. Para criptomonedas, puede cambiarlo a 10, 30 y 60 períodos
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 trend ends.
When the market is under the cloud, and Tenkan crosses under Kijun; There is a Bearish Trend . When Tenkan crosses over Kijun, the trend ends.
When the market crosses the cloud (orange bars), there is no trend
The default setting is 9, 26 and 52. For cryptocurrencies (24/7 market), you can change it to 10, 30 and 60 periods.
///
Ichimoku Kinko Hyo fue creado por Goichi Hosoda en 1930
Saber interpretar al indicador Ichimoku puede ser complicado. Espero esta version sea mas intuitiva
Use Ichimoku para determinar la tendencia del día, y operar solo a favor de la misma
Cuando el mercado esta sobre la nube y Tenkan (linea verde) cruza sobre Kijun (linea roja), la tendencia es alcista. Cuando Tenkan cruza bajo Kijun, termina la tendencia.
Cuando el mercado esta bajo la nube y Tenkan cruza bajo Kijun, la tendencia es bajista. Cuando Tenkan cruza sobre Kijun, termina la tendencia.
Cuando el mercado atraviesa la nube (barras naranjas), no hay tendencia
Por defecto, el seteo es 9, 26 y 52. Para criptomonedas, puede cambiarlo a 10, 30 y 60 períodos
Release Notes
Update code. Tradingview changed the calculations to their Ichi cloudOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.