jagin72

Ichimoku + Forecast + Signals

jagin72 Updated   
Ichimoku Kinko Hyo (IKH) (Japanese一目均衡表, Ichimoku Kinkō Hyō), usually shortened to "Ichimoku", is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves. - From Wikipedia, the free encyclopedia

This indicator is enhanced with the following helpful features:

  • Tenkan-sen, Kijun-sen, Senkou Span A and Senkou Span B 5 days forecast
  • identified bullish (green color), bearish (red color), or flat/within (gray color) signals including the number of days it accrued from the last bar and the place of appearance (▲ - above bullish Kumo, △ - above bearish Kumo, ◆ - within bullish Kumo, ◇ - within bearish Kumo, ▼ - bellow bullish Kumo, ▽ - bellow bearish Kumo)
  • lines indicating the range of the Tenkan-sen, Kijun-sen, and Senko Span B calculations (we can easily identify the highest-high and the lowest-low of the range and how long it will persist)

Signals description:

  • C/TK - bullish/bearish Close/Tenkan-sen cross
  • C/KJ - bullish/bearish Close/Kijun-sen cross
  • C/KM - bullish/bearish/within Close/Kumo cross
  • TK - bullish/bearish/flat Tenkan-sen
  • TK/KJ - bullish/bearish Tenkan-sen/Kijun-sen cross
  • TK/KM - bullish/bearish/within Tenkan-sen/Kumo cross
  • KJ - bullish/bearish/flat Kijun-sen
  • KJ/KM - bullish/bearish/within Kijun-sen/Kumo cross
  • SA - bullish/bearish/flat Senkou Span A
  • SB - bullish/bearish/flat Senkou Span B
  • KM - bullish/bearish Kumo
  • FKM - bullish/bearish future Kumo
  • CH/P - bullish/bearish Chikou Span/Price cross
  • CH/KM - bullish/bearish/within Chikou Span/Kumo cross
Release Notes:
  • added Tenkan-sen, Kijun-sen, and Senko Span B range breakouts (indicated by ↗ if the price break out upper range and ↘ for breaking down the lower range)
  • now you can select the signals which construct bullish (buy) or bearish (sell) condition. By default it is a price crossing Kumo, Tenkan crossing Kijun and Chikou breaking a price. For bullish condition, which will be coloured green on the chart, all signals must be bullish.
  • added multi timeframe Ichimoku signals (max 4 timeframes + current one)
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

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