xdecow

Ichimoku [xdecow]

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).
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.

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Comments

OMG!!! Thank you so much for the script. Its working wonderful. The alert "Ichimoku uptred started" will it fired when the signal is strong?
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Nice work !
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