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OPEN-SOURCE SCRIPT

Cloud Breakout BF

By bennef
Updated
Based on code by nathanhoffer

Long signal is after a close above Kumo cloud, short signal after close below it.

You can adjust stuff in the settings.
Release Notes
Removed code that wasn't used for generating signals to make for easier reading.
Release Notes
Set the lines other than the cloud spans to invisible by default.
Release Notes
Simplified code further
Release Notes
Updated code to version 4. Added Stop-Loss and Take-Profit functions (defaultsettings are high to emulate no stop loss and no take profit)
Release Notes
Tidied up code a bit and added background colour to more easily visualise long and short signals.
cloudIchimoku Cloud

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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bennef

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