jamc

Ichimoku_on_steroids v 1.0 (Scalper's) OL

Again, ichimoku based signal generator, this time using the Kijun-sen (Base line) and the Tenkan-sen (Conversion line) to assess price action.

Works best on timeless charts (e.g. Point & Figure, Renko's, ...).

Use with caution !! ... or with very small TP targets !!
Remove from Favorite Scripts Add to Favorite Scripts
study("Ichimoku_on_steroids v 1.0 (Scalper's) OL", overlay=true)

varLo = input(title="Fast (Conversion) Line", type=integer, defval=9, minval=1, maxval=99999)
varHi = input(title="Slow (Base) Line", type=integer, defval=26, minval=1, maxval=99999)
emafreq = input(title="Ema on price frequency", type=integer, defval=2, minval=1, maxval=99999)

a = lowest(varLo)
b = highest(varLo)
c = (a + b ) / 2

d = lowest(varHi)
e = highest(varHi)
f = (d + e) / 2

//g = ((c + f) / 2)[varHi]
//h = ((highest(varHi * 2) + lowest(varHi * 2)) / 2)[varHi]

z = ema(close, emafreq)

bgcolor(z > c and z > f ? green : z < c and z < f ? red : yellow, transp=70)
plot(z, title="ema on Price", color=black)
plot(c, title="Fast (Conversion) Line", color=green)
plot(f, title="Slow (Base) Line", color=red)

Comments

great indicator....congrats
how does it work? what are the parameters?
Reply
jamc pablohcura
Hi,
All you ever wanted to know about the Ichimoku indicator here :

https://school.stockcharts.com/doku.php?id=technical_indicators%3Aichimoku_cloud

Cheers.
Reply
@jamc, Yes, i know ichimku but i ask about the scalping parameters
Reply
jamc pablohcura
@pablohcura, ... sorry, dont get your question tbh....
Reply
repaint ?
Reply
jamc WinstonYT
@WinstonYT, pls try again with a complete sentence.
+7 Reply
@jamc, Does the signals repaint ?
+9 Reply
@jamc, what parameters do you use for the scalper version??
Reply
jamc pablohcura
@pablohcura, ... same as ichimoku standard parameters.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out