OPEN-SOURCE SCRIPT
Updated 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
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
Release Notes
Signals are plotted for a simple Cloud Twist strategy to give an idea about using the conditions in the script. A right combination of Ichimoku conditions can produce good buy and sell signals. To use the code as a strategy comment line # 5 and un-comment line # 6, 110 & 111. Cloud Twist strategy is recommended for time frame higher than 4H.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.
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.