Ichimoku Kinko Hyo [+Conditions] — Indicator by thermal_winds

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.

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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