OPEN-SOURCE SCRIPT
Ichimoku Kinko Hyo Signals
Updated
Ichimoku Kinko Hyo Signals
This script show signals based on my understanding in Ichimoku Kinko Hyo.
/!\ Please do not follow signals blindly and always make your own analysis /!\
This script show signals based on my understanding in Ichimoku Kinko Hyo.
/!\ Please do not follow signals blindly and always make your own analysis /!\
- Buy : Han Ne lines are up, price is up, and also stochastic (K=30, D=10) is up
- Strong Buy : Is a Sanyaku Kouten and can show a potential reverse in current tendance and Buy Signal conditions
- Sell : Han Ne lines are down, price is down, and also stochastic (K=30, D=10) is down
- Strong Sell : Is a Sanyaku Gyakuten and can show a potential reverse in current tendance and Sell Signal conditions
- Exit : Show a potential time to take profit based on previous Sell, Strong Sell, Buy, or Strong Buy signal
Release Notes
User have the choice to use basic Buy/Sell signal logic in Strong Signals.By selecting the "Improve Sanyaku with Trend Following" checkbox, the Buy/Sell logic is used to show Strong Signal. This improve quality of signals but you can miss the beginning of the trend ( Goob for beginners )
if you want the "pure Syanaku Signal" uncheck the ""Improve Sanyaku with Trend Following"
- Buy : Han Ne lines are up, price is up, and also stochastic (K=30, D=10) is up
- Strong Buy : Is a Sanyaku Kouten and can show a potential reverse in current tendance and Buy Signal condition s if "Improve Sanyaku with Trend Following" is selected
- Sell : Han Ne lines are down, price is down, and also stochastic (K=30, D=10) is down
- Strong Sell : Is a Sanyaku Gyakuten and can show a potential reverse in current tendance and Sell Signal conditions if "Improve Sanyaku with Trend Following" is selected
- Exit : Show a potential time to take profit based on previous Sell, Strong Sell, Buy, or Strong Buy signal
Release Notes
Possibility to create signals with the indicatorRelease Notes
Changes- By default, Strong signals are "Pure" Syanaku Signals
Fixes
- Chikou Span above candles is now correct
- Remove stochastic signals in bullish and bearish logic
Improvements
- Improve Syanaku signals
- Improve Exit signals
Features
- Posibility to colors bars when price trending ( ichimoku rules ) between entry and exit signals
Release Notes
Fixes- Syanakuten signals most accurate
- Trending logic for Han ne lines is now correct
- Alert should notification with signals
Improvement
- Able to hide Exit labels
- Use more data for trending lines
Features
- You can now configure the sensitivity for short, mid and long term
- You can now use now stochastic and 3 EMA to complete the Ichimoku signal ( good for scalping )
Release Notes
Fixes- Fixe bar color logic
Sensitivity and Agility explained
Agility : The number of past data the algo will look for. Example : If short term agility is 3, the algo look for the last 3 tenkan data.
Sensitivity : The deviation between the past data. The more you increase this number, the more powerful the trend should be to trigger signals or color bar.
By default the Agility and the Sentivity are at they minimum.
/!\ Important info, I change the word Sentivity to Agility because It make more sense like this
Release Notes
Quick fixe about KUMO directionRelease Notes
Remove alerts until I found a way to correct the scriptRelease Notes
Add again alertsOpen-source script
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