OPEN-SOURCE SCRIPT
Ichimoku Signal + Candle Color + Candle Pattern
Updated
1. Ichimoku Signal:
Bullish Signal:
- UP-S: A strong bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is above the Kumo.
- UP: An neutral bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is in the Kumo.
- UP-W: A weak bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is bellow the Kumo.
- Fly: A strong bullish signal when Chikou Span raise above the Kumo.
Bearish Signal:
- DN-S: A strong bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is bellow the Kumo.
- DN: An neutral bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is in the Kumo.
- DN-W: A weak bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is above the Kumo.
- Dig: A strong bearish signal when Chikou Span fall bellow the Kumo.
2. Candle Color based on RSI (from NazcaProjections)
- Yellow represents Super OverBought
- Lime Green represents OverBought
- Green represents Slightly OverBought
- Red represents Slightly OverSold
- Dark Red represents OverSold
- Gray White represents Super OverSold
3. Candlestick Patterns Identified: Doji , Evening Star , Morning Star , Shooting Star , Hammer , Inverted Hammer , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing
Bullish Signal:
- UP-S: A strong bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is above the Kumo.
- UP: An neutral bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is in the Kumo.
- UP-W: A weak bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is bellow the Kumo.
- Fly: A strong bullish signal when Chikou Span raise above the Kumo.
Bearish Signal:
- DN-S: A strong bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is bellow the Kumo.
- DN: An neutral bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is in the Kumo.
- DN-W: A weak bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is above the Kumo.
- Dig: A strong bearish signal when Chikou Span fall bellow the Kumo.
2. Candle Color based on RSI (from NazcaProjections)
- Yellow represents Super OverBought
- Lime Green represents OverBought
- Green represents Slightly OverBought
- Red represents Slightly OverSold
- Dark Red represents OverSold
- Gray White represents Super OverSold
3. Candlestick Patterns Identified: Doji , Evening Star , Morning Star , Shooting Star , Hammer , Inverted Hammer , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing
Release Notes
Add Ichimoku cloud with "crypto adjusted end double". Can draw both cloud at sametime.Release Notes
Add an ema line.Change title of neutral bullish or bearish signal
Add weak bullish - Up (or bearish - Down ) signal when price raise above the Kumo (or fall bellow the Kumo)
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.
Disclaimer
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