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OPEN-SOURCE SCRIPT

Ichimoku Basic Alerts

By gregh2
Updated
Started with Ichimoku Kinko Hyo by Mizuki32. Converted to study and added alerting and cloud confirmation.
Release Notes
Cleaning up comments
Release Notes
Added RSI for Entry and TP. Separate TP alerts for exiting long and short positions.
Release Notes
Added option to wait for X sequential bars past RSI Threshold
Release Notes
Updating defaults to use only the Cloud (RSI off by default)
Release Notes
Fixed bug where disabling longs or shorts disabled all alerts. Removed sequential RSI TP option. Grouped inputs.
Release Notes
Added Stoch RSI to match the Backtester
Release Notes
This update cleans up the code and corrects many bugs. It is recommended you update your indicator (and the matching backtesting strategy that was also updated)

MAJOR BUGFIXES:
1. Corrected logic for tenkan and kijun cross to use crossover and crossunder fuctions. This prevents possible misfiring of alerts
2. Corrected RSI and Long/Short logic so RSI TP fires correctly.
3. Correct the Chikou Span Plotting (it was plotting in the wrong direction of the current price).
4. Corrected offsets. Previous indicator that logic was sourced from incorrect offset everything by +1

ENHANCEMENTS:
1. RSI TP plots are now more visible and have text
Release Notes
Fixing logic for entry so it doesn't fire again until it has exited its long or short
Release Notes
Updated color of the chikou span so it's easier to see.
Release Notes
Fixed bug that was reintroduced in refactor.
Release Notes
Fixing latest fix :)
Release Notes
Fixed broken short entry logic
3commasautomatedsignalsautomatedtradingIchimoku Cloudichimokukinkohyo

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 publication is governed by House rules. You can favorite it to use it on a chart.

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