Multiple Ichimoku CloudsFor anyone that uses the Ichimoku Cloud there is a consistent need to flip between timeframes to get information about this at all levels. However, that trouble is now over. In this script there are 4 Ichimoku Clouds that operate in 4 different time frames. To change the timeframe simply change the multiplication factor to the desired levels. How this script works is that it takes your current timeframe as an input then it applies multiplication factors to it to achieve larger timescales. In the example here we are looking at the XBTJPY pair on the 1 hour. Our first cloud is 1x scaling, meaning that it is the 1 hour cloud. The second and third are 2x and 4x respectively meaning that we are looking at the 2 hour cloud and the 4 hour cloud. Lastly the largest cloud is the 24x cloud, aka the daily cloud. Now you only really need one look at the clouds for all the essential information.
As always feel free to message me about anything regarding this script.
Be happy :)
อิชิโมกุ คราวด์
Log-space Ichimoku CloudThis indicator uses identical calculation to Ichimoku indicator except performed in log-space. This is helpful for long-term and highly volatile charts.
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.
Ichimoku Clouds - Basic StrategyEstratégia básica com Ichimoku Clouds. Mais para fins de estudos. Foi um dos primeiros Pine Scripts que escrevi, então a há muito o que melhorar no código.
Basic Strategy using Ichimoku Clouds, developed for studying purpose. It was one one my first Pine Scripts codes, so yet there is a lot to improve on it.
Ichimoku Cloud MAA simple non-adjustable Moving Average calculated by the Ichimoku Cloud Lead 1 and Lead 2 lines.
Juiced Ichimoku StratI saw this indicator and thought I'd try to make it into a script. I can't get an exit when the EMA is between signal lines so it's a long/short strategy until I can figure that part out.
Ichimoku Oscillator 4 colorsJust Ichimoku oscillator!
Histogramm of Tenkan/Kujun convergence/divergence + Kumo height = cummulative line (momentum).
Can use histogramm or cummulative line color for bars.
Guerrilla AdvancedThis indicator was designed with people without Pro License in mind (Including many of my close friends).
Basically, you will get a combo of few different tools in one box, with ability to turn them on and off with a single check mark, also, you have total control over the input numbers that was used in calculations if you so want to, for example, sometimes when i see a massive bullish up trend, i reduce the short rally from 12 to 8 even 6 to get faster signal for selling the trend.
So, what will you get in this pack?
1- Ichimoko. Yes, you heard it right, although we have it in the default tools but hey, it will use one indicator slot and if you don't have a pro license, you will use that slot
2- Rally. This is an old yet very powerful system for getting buy or sell signals, basically, you get two lines and for making the life easier i draw a cloud between them. when the trend passes above the cloud and it was bellow it in past, right after the very first candle that gets above the cloud you can put the buy order, and vice versa, the moment a candle body enters the cloud, if you want an aggressive signal, you can sell, if not, you may want to wait to see if the candles drop bellow the cloud or not then decide.
3- Resistance Support Cloud. Most of us always heard about resistance and support "lines" but many of us don't know that, in each trend, the trend line itself is a resistance or support line, and when you are going in a bullish or bearish tunnel, the floor and roof of tunnels are again resistance and supports, using this part of the tool, just like rally, you get a cloud that shows you the resistance / support "zone"
4- William Fractals. To be honest, I got this part of the code from another source available around. Why? looking at those fractal indicators, you can easily eyeball the trend line or existence of a tunnel.
5- Different EMA lines. If you are one of those people that use EMA lines for their trading, have fun with them, there are few different standard ones and even a custom one that you can put your desired number for it.
Ichimoku Lagging Background ColorThis script colors the background, 26 bars ago, based upon the lagging line being above or below the closing price of 26 bars ago. The lagging line is used as a confirmation for your current entry.
Ichimoku + Daily-Candle_X + HULL-MA_X + MacDIchimoku_cloud + Daily-Candle_cross(DT) + HuLL-MovingAverage_cross + MacD
any timeframe, all indicators settings adjustable for fine tuning to pair/timeframe
Target Point and Stop Loss settings
set SL low to reduce repaint
Ichimoku PanOptic TM-V1Modified Ichimoku indicator with signals from PanOptic Method by User Ichimoku_Trader.
CM_Enhanced_Ichimoku Cloud-V5.2New version of the improved Ichimoku cloud
Original by Chris Moody, great work.
This indicator is a colorized Ichimoku with colors that you can change for any component. Not many changes between 5.1 and 5.2, I fixed some labels and the crossing detection, as well as the default colors.
There's not much more left we can do without radically changing the original Ichimoku. We could implement full-multiframe but you can already do that by adding several times this indicator and changing the periods.
Displayed components:
Kijun-Sen: middle of the highest/lowest prices during the last 26 periods
Tenkan-Sen: middle of the highest/lowest prices during the last 9 periods
Senkou Span A (SSA) : average of Kijun and Tenkan, projected 26 periods ahead
Senkou Span B (SSB): middle of the highest/lowest prices during the last 52 periods, and projected 26 periods ahead
Chikou Span: the closing price projected 26 periods behind.
Kumo: the cloud itself, the area between SSA/SSB.
The script also provides indication of the crossings between Tenkan and Kijun, some trading strategies are based upon that. There is also a separate Kijun with its own period for those you'd like to have this information at another timeframe. I removed the third Kijun that was in version 5.1, I don't think it was widely used and made the configuration screen too crowded. If you really need this, take a look at Donchian indicators, the Kijun is basically a Donchian on 26 periods.
Chris Moody Version (v5):
ChinkouProWelcome traders,
I have made this script wishing a higher gain,
Originally, this strategy is taken from Ichimoku Kinko Hyo
Simply:
ChinkouPro crossing with price is giving a clear opportunity.
Review it, master it, work it.
Oscars Simple Trend Ichimoku Kijun-senThis super simple Kijun-sen line borrowed from Ichimoku Clouds for trend following.
CM_Enhanced_Ichimoku Cloud-V5.1Based upon
Thanks Chris Moody !
Here are my changes, I looked at comments on the original page.
Thinner default lines, changed colors
Added options to add two extra Kijun with their own periods, useful to check resistance/support lines on different scales
Decreased height of arrows
Ichimoku EMA BandsSome find Ichimoku Clouds bit complicated. This simplified version is combined with EMA Bands may be profitable. Give a try!. I recommend hourly timeframe for good results. Aye! :D
Ichimoku_on_steroids v 1.0 (Scalper's) OLAgain, ichimoku based signal generator, this time using the Kijun-sen (Base line) and the Tenkan-sen (Conversion line) to assess price action.
Works best on timeless charts (e.g. Point & Figure, Renko's, ...).
Use with caution !! ... or with very small TP targets !!
Ichimoku-Hausky_v2.1Made a little update to my trading system. This system is made so that you can easily follow the trend and know when to get out. You still have to know basic market structure to find a good entry.
NB!! I see that i placed the entry wrong on the example, you have too wait for the EMA to go below the MA :)
I have posted the right one at the bottom.
Take profit can be set at last low or you can use trail stop on the EMA, MA, Kijun-sen or Tenkan-sen.
Example rules:
Buy:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed above cloud
IF price has closed above cloud
THEN see if EMA has crossed above MA
IF EMA has crossed above MA
THEN buy or wait for pullback
Sell:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed below cloud
IF price has closed below cloud
THEN see if EMA has crossed below MA
IF EMA has crossed below MA
THEN buy or wait for pullback