Strategy based on the Ishimoku Kinko Hyo system, using the different indicators it provides to build signals.
This strategy could be better as it should ideally use the position of the price line compared to Chikou to determine if signals should be looked for, but I've been unable to fully implement this so far (an imperfect implementation is provided, but...
This is the Ichimoku Kinko Hyo indicator, using colorblind friendly colors as much as possible so that every line or cloud trend can be identified more easily. It is correctly visible both in bright and dark mode.
Note: I have only tested the visibility on myself (I'm deuter), if anyone with another kind of colorblindness has issues distinguishing lines, I'll...
This indicator is a standard set of Bollinger Bands with some functionality borrowed from Ichimoku Kinko Hyo. There's an added SMA (9) that gets shaded green when it's above the basis line of the Bollinger Bands (SMA 20) and turns red when it falls below. No, it's not remotely where the Ichimoku Cloud would appear, but it's a decent trend indicator...
Multiple Time Frame Version of Ichimoku Kinko Hyo Indicator.
Created in 1940's by Goichi Hosoda withe the help of University students in Japan.
Ichimoku is one of the best trend following indicators that works nearly perfect in all markets and time frames.
Ichimoku is originally an built in indicator in Tradingview but there are some problems like:
Ichimoku Kinko Hyo Cloud - no offset - no repaint - RSI filter - strategy
The indicator contains both the standard Ichimoku Cloud , as well as the one without the visual offset.
The Strategy Tester indicates good backtest results when the Ichimoku Cloud is paired with the RSI .
However, it seems it likes to work more as a standalone system.
The indicator can...
The Ichimoku Kinko Hyo system includes five kinds of signal, of which this strategy uses the most recent of ones i.e. Tenkan Sen / Kijun Sen Cross and price crosses the Kijun Sen. As the Chikou Span, Senkou Span A and Senkou Span B are shifted into the past/future, the trigger signals will be only be used for visual confirmation and not part of the strategy.
Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, it uses a modified formula. Out of which only following two are used in this strategy.
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)
Ichimoku Kinko Hyo:
The Ichimoku Kinko Hyo system includes five kinds of signal, of which this strategy uses...
Original Ichimoku Kinko Hyo created by Goichi Hosoda 1930
Knowing how to interpret the Ichimoku indicator can be complicated. I hope this version is more intuitive
Use Ichimoku to determine the trend of the day
When the market is above the cloud, and Tenkan (green line) crosses over Kijun (red Line), there is a Bullish Trend . When Tenkan crosses under Kijun,...
The default Ichimoku Cloud by TradingView is strange. The kumo is only displaced 25 periods forward, and the chikou is displaced 25 periods back. This is because TradingView had the correct value for displacement (26), but they decided to subtract this displacement by 1 when actually drawing the kumo and add 1 when drawing the chikou. This script fixes this and...
This Ichimoku Kinko-Hyo is an indicator which has been changed for short-term trading and, It has a “target price theory(one of three theory of Ichimoku Kinko-Hyo) function.”
Also, In this indicator, It can be plotting the “Span model”, “Super Bollinger Bands” which has Invented by a Japanese currency dealer Toshihiko Masaki, And Moving Average.
In addition, you...
The Hull MA involves the weighted moving average ( WMA ) in its calculation.
First, calculate the WMA with period (n / 2) and multiply this by 2. Remember ‘n’ is the time period configurable based on the trader’s requirement.
Second, calculate the WMA for period “n” and subtract if from the first step. Thirdly, calculate the weighted moving average...
This is an update of "Uncle Mo's Ultimate Ichimoku V1"
2 x Ichimoku Cloud
5 x EMA
2 x MA
1 x HullMA
Bollinger Bands - ***NEW***
ATR - ***NEW***
PSAR - ***NEW***
Candlestick Patterns - ***NEW***
Price Action Bars- ***NEW***
List of credits:
@br0qn for the Ichimoku
@RicardoSantos for the Bill Williams Fractal...
This trading strategy uses combination of the Ichimoku Kinko Hyo system with Fibonacci numbers based exponential moving average(EMA) and RSI 12/24 crossover, giving excellent results in trending stocks !