Ichimoku Kinko Hyo is a trend-following trading system with 5 indicators. All the five indicators have a different purpose and successful Ichimoku trading required in-depth analysis of all indicators. The script interpreted each indicator and develop a score to indicate the overall strength. I have taken the idea from the book “Trading with Ichimoku Clouds by MANESH PATEL”. The scoring system is mine to get an idea about how all the indicators are performing together. If most of the indicators are confirming then the score will be high. I am very new to Pinescript, so waiting for your comments and review. You can view all comments by turning the comments on.
Really beautiful script. Thank you. Can you please provide option to make table smaller with smaller font in your next update? that would be great. Thanks.
JackHertz
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@JackHertz, Also, there is difference in values when you compare the default Tradingview Ichimoku with your indicator. Am I missing something? Thank you.
cyberspider789
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Where the score is displayed is not clear ? is that in table ?
ichimokuin
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You are a frigging genius!! I'd love to see a 40 stock screener in this.