Ichimoku Kinko Hyo [+Conditions]

thermal_winds Updated   
version 5 script - Future Cloud visible at real-time

This Ichimoku Indicator has 30 conditions identified for usage such:
Thick cloud identification (relative to the historic cloud thickness), Chikou in open area, Thin cloud identification (Relative to %), Price movements near Tenkan and Kijun and many more.

p.s. use 'calc_on_every_tick=false' in strategies to avoid repainting
Release Notes:
Signals are plotted for a simple Cloud Twist strategy to give an idea about using the conditions in the script. A right combination of Ichimoku conditions can produce good buy and sell signals. To use the code as a strategy comment line # 5 and un-comment line # 6, 110 & 111. Cloud Twist strategy is recommended for time frame higher than 4H.
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.


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