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xdecow

Ichimoku [xdecow]

xdecow Updated   
Ichimoku Cloud ichimokukinkohyo
428
15
ichimokuclouds ichimokukinkohyo
The Ichimoku Kinko Hyo (Ichimoku Cloud) is a popular indicator / system.
In this version you will have a panel that shows the main signs of this system.
Each signal can have its status as bullish (weak, neutral or strong), consolidation and bearish (weak, neutral or strong).

Signals

Kijun-Sen Cross
Occurs when the price closes above/below the Kijun-sen.
  • Weak Bullish: Occurs below the Kumo.
  • Weak Bearish: Occurs above the Kumo.
  • Bullish/Bearish Neutral: Occurs inside the Kumo.
  • Strong Bullish: Occurs above the Kumo.
  • Strong Bearish: Occurs below the Kumo.

TK Cross
Occurs when the Tenkan-sen crosses the Kijun-sen.
  • Weak Bullish: Occurs when the crossing is below the Kumo.
  • Weak Bearish: Occurs when the crossing is above the Kumo.
  • Bullish/Bearish Neutral: Occurs when the crossing is inside the Kumo.
  • Strong Bullish: Occurs when the crossing is above the Kumo.
  • Strong Bearish: Occurs when the crossing is below the Kumo.

Chikou Span Cross
Occurs when the Chikou Span crosses the price.
  • Weak Bullish: Occurs when current price is below the Kumo.
  • Weak Bearish: Occurs when current price is above the Kumo.
  • Bullish/Bearish Neutral: Occurs when current price is inside the Kumo.
  • Strong Bullish: Occurs when current price is above the Kumo.
  • Strong Bearish: Occurs when current price is below the Kumo.

Kumo Breakout
Occurs when the price closes above/below the Kumo.

Kumo Twist
Occurs when the Senkou Span A crosses the Senkou Span B ahead.
  • Weak Bullish: Occurs when current price is below the Kumo.
  • Weak Bearish: Occurs when current price is above the Kumo.
  • Bullish/Bearish Neutral: Occurs when current price is inside the Kumo.
  • Strong Bullish: Occurs when current price is above the Kumo.
  • Strong Bearish: Occurs when current price is below the Kumo.


In addition, Senkou Span B turns golden when it is flat and the cloud is lighter when it is thin (default is half the average of the last 610).
Release Notes:
+bugfix: memory usage
+alerts
+options to show the signals on the chart
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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