OPEN-SOURCE SCRIPT
Updated 2Tier Ichimoku Pyramiding [Takazudo]
Ichimoku based pyramiding strategy example that was tested on 4h TF.
This is just an example of how to trade using Ichimoku signals.
- makes the first entry when 2Tier Kumo breakout was occurred.
- makes the extra entries when higher-low (on long) or lower-high (on short) was occurred.
- uses short term MACD reversal + stop entry as a confirmation of the trend.
- slack trailing stop loss.
- changes entry quantity by the percentage of SL.
- prevents the ranged entry.
This is just an example of how to trade using Ichimoku signals.
Release Notes
added ATR based TP paddingRelease Notes
tweaked pyramiding entry timingRelease Notes
Fixed compile error.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.