OPEN-SOURCE SCRIPT
Ichimoku Kinko Hyo and more
Updated
I am publishing my updated Ichimoku ++ study with a more suitable title. Future updates will take place with this version.
Description:
The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because the structure of the chart is more difficult to see. The chart should be clear and market structure should be easy to see. The script allows you to add indicators and signals in different visualizations to better assess the quality of signals and the sentiment of the market.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with Fractals and other indicators as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
Description:
The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because the structure of the chart is more difficult to see. The chart should be clear and market structure should be easy to see. The script allows you to add indicators and signals in different visualizations to better assess the quality of signals and the sentiment of the market.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with Fractals and other indicators as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
Release Notes
I've removed the Ichimoku parameters to reduce the number of options and the fact that the default values are the best. Better change the time frame, but don't change the Ichimoku default parameters.Bugfix regarding the fractals. Now the fractal period works as it should, and the fractal signals do respond to a change in the fractal period.
A note:
Don't forget to set the scaling to the price, otherwise the chart will be compressed/squeezed unnaturally.
Release Notes
SMA 20 as ending added.Release Notes
MA1 and MA2 can now be SMA and EMA, respectively.Release Notes
Tooltips added and minor changes.Release Notes
Groups added.Release Notes
Code updated. Vertical shift for MA1 and MA2 added (creating the Pi cycle "indicator" is possible now). Some more Background signals for Ichimoku indicator added.Release Notes
SMA/EMA vertical shift bug fixed.Release Notes
Added Kijun on a 2nd higher time frame (higher time frame after next). Line thickness = 3. Release Notes
Attributes of some drawn objects Added. Because of output limitations, I can't add more attributes.Release Notes
MA 1/2 description revised. Release Notes
Script converted to Pine v5.Release Notes
Info Panel added.
Ichimoku confluence signal (IB/IS) improved.
Release Notes
Code updated (signals textcolor).Release Notes
Fixed strange behavior (since a few weeks) of "Ichimoku endings".Release Notes
A minor update regarding the MAs. MA cross signal (MAb/MAs) added. Now it is possible to enable the MA1=111 and MA2=350 with MA2 v-shift= 2 as a signal which was a perfect indicator for Bitcoin cycle top in the past.Release Notes
MA cross bug fixed.Release Notes
Bollinger Bands and Supertrend bug fixed.Release Notes
Chart issue.Release Notes
Tenkan-Sen and Kijun-Sen can now be added separately.Release Notes
TK cloud added.Release Notes
Vertical MA shift fixed.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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Disclaimer
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