Ichimoku Long and Short Strategy

This is a script which tell u when all the parameters in the ichimoku are positive or negative this to open a long or short.

Conditions to show a long:

-Ichimoku cloud in green
-Price Close above Ichimoku cloud
-Lagging span above cloud
-Conversion line above base line

Conditions to show a short:

-Ichimoku cloud in red
-Price close below Ichimoku cloud
-Lagging span below cloud
-Conversion line below base line

Dont take this as principal signal to take longs and shorts. Create your own strategy and dont trust 100% in te indicator.

For highers TF use highers TP and SL and for lowest TF use lowest TP and SL.

This is te settings i use :

15M TF
Conversion line: 9
Base line: 26
Lagging span: 52
displacement: 26
TP: 5%
SL: 3%

1H TF
Conversion line: 9
Base line: 26
Lagging span: 52
displacement: 26
TP: 8%
SL: 4%

If u find better settings pls share ir with us.

TF = Time Frame
TP = Take Profit
SL = Stop Loss

---MERZI---

Release Notes

Updates
-Max Drawdown reduce
-Take profit and Stop loss areas
-Different exit settings
-Dashboard configuration

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.

M3RZI

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

M3RZI