Ichimoku Trend Direction — Indicator by NgheTrader

ichimokuclouds trenddirection ichimokukinkohyo ichimokuindicator trend trenddetector

This script will help you detect the current trend of market use Ichimoku trading system. We use the default parameters.

To reduce risk, ONLY trade follow the trend of high time frame!

Very simple to use:
- Green background when market Up trend
- Red background when market Down trend

Have a nice trade! :P

Release Notes:

Clean the code :P

Release Notes:

Correct some parameter to fit with original Ichimoku Kinko Hyo by Mr. Goichi Hoshoda

Release Notes:

Change some condition for better result! Good Luck! :D

Release Notes:

Updated to Pinescript v5 and clean the code :D

Release Notes:

Fix the color

Release Notes:

Add the alert :D

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.

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