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OPEN-SOURCE SCRIPT
Updated

2Tier Ichimoku Pyramiding [Takazudo]

Ichimoku based pyramiding strategy example that was tested on 4h TF.
  • makes the first entry when 2Tier Kumo breakout was occurred.
  • makes the extra entries when higher-low (on long) or lower-high (on short) was occurred.
  • uses short term MACD reversal + stop entry as a confirmation of the trend.
  • slack trailing stop loss.
  • changes entry quantity by the percentage of SL.
  • prevents the ranged entry.

This is just an example of how to trade using Ichimoku signals.
Release Notes
added ATR based TP padding
Release Notes
tweaked pyramiding entry timing
Release Notes
Fixed compile error.
Takazudo
Also on:
Ichimoku Cloudichimokuindicatorichimokukinkohyo

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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Takazudo
Also on:

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