OPEN-SOURCE SCRIPT
Ichimoku EMA Wave
Updated
This script combines a customizable Ichimoku Cloud/ EMA combination to provide a quick trend visualisation.
For example, long entries can be found when the green EMA wave rises above the Ichimoku cloud.
Combine it with some oscillators (like MACD) for good results.
Also, experimenting with a different "wavelength" (default 50) and/or EMA length (default10) for different securities is a good idea.
Script is free to use and to modify at ones liking.
For example, long entries can be found when the green EMA wave rises above the Ichimoku cloud.
Combine it with some oscillators (like MACD) for good results.
Also, experimenting with a different "wavelength" (default 50) and/or EMA length (default10) for different securities is a good idea.
Script is free to use and to modify at ones liking.
Release Notes
I think it is nicer to look at with the updated color scheme. Distinguishes better between Ichimoku cloud and EMA band.Release Notes
Improved Colors, better to distinguish between cloud and EMA band. 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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