Ichimoku Kinko Hyo is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves.
his Indicator build for Monitor SenkouSpanA & SenkouSpanB Lines (Kumo Cloud) status and you can watch 3 Time Frames Status on one bar and in one timeframe.
You can select timeframe and set Inputs for lines from Indicator setting....
This script will display two Kumo Clouds. The overlap between the clouds can be areas of high support or resistance. I've included a drop-down selector for a variety of common lookback periods. Experiments show that the 10-30-60-30 settings can be more applicable to the FOREX and Crypto markets.
True Strength Index , or TSI is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the TSI oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish...
Based on the ichimoku cloud system, this indicator gives two presets: Standard (9/26/52/26) and Crypto (20/60/120/30).
This also shows on a chart where Tenkan-Kijun cross happens and when a Kumo Twist happens.
This is a Time Segmented Volume (TSV) indicator with added divergence hunter, crossing signals, Kumo cloud background and alert functions
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first!
Future Ichimoku Lines Plot: Tenkan-sen next 5 days, Kijun-sen next 10 days, Kumo A next 5 days and Kumo B next 14 days will be display
This will help you forecast the future of price and increase winning probability!
Always remember, risk management is the key of a successful trader
Have a nice trade! :D
hello I'm a beginner in trading, but I try to learn how to code strategies.
I recoded the Ichimoku indicator, and created my personnal strategy based on it.
The backtesting is done from 1/1/2017 to today in 45 min Time Unit for candles, with a 1 000 € equity.
The trades are all Long Entries and Exits with no pyramiding, no short trades at all.
A simple trading strategy oriented towards cryptocurrencies that uses log-space Ichimoku clouds
Long position: when Senkou Span A crosses over Senkou Span B
Short position: when Senkou Span A crosses under Senkou Span B
The indicator used in this strategy is available as a standalone script: