Heiken Ashi Ichimoku — Indicator by Tracha

WELCOME!
I want to share with you with my Heiken Ashi Ichimoku system
.
Remember to fallow me to get more startegy, or signals. Click like if u enjoy it :)

IMPORTANT:
System works with Heiken Ashi bars!!

The signals.
SELL SIGNAL:
1. When price is below:
a) cloud
b) blue line
2. When last bar was green, and now turn to red
3. When heiken ashi bar is close to SMA55, but its below SMA55

BUY SIGNAL:
1. When price is above:
a) cloud
b) blue line
2. When last bar was red, and now turn to green
3. When heiken ashi bar is close to SMA55, but its above SMA55

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?

study(title="Ichimoku Cloud", shorttitle="Ichimoku", overlay=true)

conversionPeriods = input(9, minval=1),
basePeriods = input(26, minval=1)
laggingSpan2Periods = input(52, minval=1),
displacement = basePeriods

donchian(len) => avg(lowest(len), highest(len))

conversionLine = donchian(conversionPeriods)
baseLine = donchian(basePeriods)
leadLine1 = avg(conversionLine, baseLine)
leadLine2 = donchian(laggingSpan2Periods)

plot(conversionLine, color=blue, title="Conversion Line")
plot(baseLine, color=red, title="Base Line")


p1 = plot(leadLine1, offset = displacement, color=green,
    title="Lead 1")
p2 = plot(leadLine2, offset = displacement, color=red, 
    title="Lead 2")
fill(p1, p2)

plot(sma(close,55), color=yellow, title='Simple Moving Average')
distance = abs(open - sma(close,55))

signal1 = close < conversionLine
signal2 = conversionLine > baseLine
signal3 = close < leadLine1 and close < leadLine2
signal4 = close < sma(close,55)
signal5 = distance < abs(highest(20) - lowest(20))/3
signal6 = open[1]<close[1]

SELLSIGNAL = signal1 and signal2 and signal3 and signal4 and signal5 and signal6
barcolor(SELLSIGNAL ? yellow:na)

signal1b = close > conversionLine
signal2b = conversionLine < baseLine
signal3b = close > leadLine1 and close > leadLine2
signal4b = close > sma(close,55)
signal5b = distance < abs(highest(20) - lowest(20))/3
signal6b = open[1]>close[1]

BUYSIGNAL = signal1b and signal2b and signal3b and signal4b and signal5b and signal6b
barcolor(BUYSIGNAL ? blue:na)