PROTECTED SOURCE SCRIPT
Updated Salimoku T-Origin
Salimoku is a simplified Ichimoku without clouds. This indicator is best used for trend following strategy. The advantage here is the possibility to catch a trend at it very beginning and also get clear entry signals on already formed trends.
To enter a trade:
In the scenario of trend already formed:
To enter a trade:
- a buy signal is triggered when price crosses the decision line and closes above it.
- a sell signal is triggered when price crosses the decision line and closes below it
In the scenario of trend already formed:
- a buy signal is triggered when price bounces in between baseline and conversion line and closes above baseline.
- a sell signal is triggered when price bounces in between baseline and conversion line and closes below baseline
Release Notes
Salimoku is a simplified Ichimoku without clouds. This indicator is best used for trend following strategy. The advantage here is the possibility to catch a trend at it very beginning and also get clear entry signals on already formed trends.To enter a trade:
- ]a buy signal is triggered when price crosses the decision line and closes above it.
- a sell signal is triggered when price crosses the decision line and closes below it
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In the scenario of trend already formed:- a buy signal is triggered when price bounces in between decision and fast line and closes above fast line
- a sell signal is triggered when price bounces in between decision and fast line and closes below fast line
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.