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MTF Ichimoku Conversion Line SMA with H/L mirrored levelsWelcome to MTF Ichimoku Conversion Line with SMA Highs/Lows Extended Lines! 1. Overview It is designed to provide a multi-timeframe view of market trends and potential support/resistance levels by obtaining a Simple Moving Average (SMA) of the Conversion Line of Ichimoku Equibilium (Ichimoku Kinko-Hyo), which acts as a substantial trend line on the candlestick chart. The SMA of the conversion line smooths out price fluctuations and indicates the overall trend direction—if the candles are above it, the trend can be read as an uptrend, while below it, the trend can be read as a downtrend. 2. Calculation The indicator first calculates the Conversion Line (see the description of Ichimoku theory anywhere, e.g., Wikipedia), as the average of the highest high and lowest low over a user-defined period (Conversion Line Length, default is 9, also recommended is 9). It then retrieves this Conversion Line from a higher timeframe (MTF Timeframe) to add a broader perspective. Using a specified period (SMA Length)., an SMA is computed on this multi-timeframe conversion line. This SMA serves as a trend line that visually represents the prevailing price trend, making it easier to assess market direction. 3. Pivot Highs/low detection and drawing their extensions In addition, the indicator identifies pivot highs and lows from the SMA data using a defined pivot length. When these pivots occur, horizontal lines are drawn and extended across the chart. These extended lines (drawn in a yellowish color by default) include a full extension, a half extension, and a middle extension line representing the midpoint between the high and low pivot. 4. Mirror lines The indicator also offers optional mirror line features. When the Mirror Upside option is enabled, five additional lines are drawn above the highest extended yellow line at equal intervals. Similarly, when the Mirror Downside option is enabled, five lines are drawn below the lowest extended yellow line. These light gray mirror lines serve as extra reference levels, which can help identify potential support or resistance zones. 5. Parameters User parameters include: - Conversion Line Length: The period used to calculate the conversion line. - MTF Timeframe: The higher timeframe from which the conversion line is obtained. - SMA Length: The period over which the SMA is calculated on the conversion line. - SMA Mode: A toggle to display either the SMA or the raw conversion line (SMA recommended). - SMA Line Width: The thickness of the SMA line. - Pivot Length for SMA Highs/Lows: The period used to detect pivot highs and lows in the SMA. - Horizontal Extension: Number of bars by which the pivot and extended lines are drawn across the chart - Colors for High and Low Pivot Lines and Extended Lines: Customizable colors are used to draw the lines. Mirror Upside and Mirror Downside: These options enable drawing additional mirror lines above and below the extended lines. - Hide Old Lines: An option to hide previous pivot lines once new ones are drawn for a cleaner chart. Turned on by default. 6. Conclusion Overall, the Conversion Line SMA in this indicator smooths out the conversion line data and effectively functions as a trend line for the candlestick chart, helping traders visually interpret the underlying market trend. The extended and mirror lines provide further context for potential price reversal or continuation areas, making this a powerful tool for multi-timeframe technical analysis.
Pine Script® indicator
by Darth_Neccoder
2
Educational Inidicators - Ichimoku CloudThis indicator is part of the Indicator Educational Series, intended to help newer traders understand and interact with various indicators. The goal is to allow users to gain a stronger understanding of an indicator's underlying philosophy, and visually see how changes to an indicator's parameters affects the trades suggested by that indicator. The scripts in this series are all open source, with the code broken up into logical section and notated so beginner users can also understand some PineScript fundamentals. Please understand that no indicator presented in and of itself constitutes a complete trading strategy. Rather, this series is to help users determine which indicators make sense to them, and which ones to combine to create their own trading strategy. All material presented is purely for educational purposes. Presented here is the Ichimoku Cloud. The Ichimoku Cloud was developed by Goichi Hosada, and first published in the late 1960s. It is used by traders to understand price momentum, and help forecast future price movements. The indicator at its core can be understood from four component parts: The Conversion Line - An average of the highest and lowest price in a given window. Typically, this is a "fast" average, and as such, this line has the lowest period The Base Line - An average of the highest and lowest price in a given window. This is a "slower" average than the Conversion Line, and as such should have a larger period than the Conversion Line Leading Span A - The average of the Conversion Line and the Base Line [*}Leading Span B - An average of the highest and lowest price in a given window. This is the "slowest" average of all three, and as such should have the largest period When plotted, the Conversion Line (orange by default), Base Line (purple by default), Leading Span A (blue by default), and Leading Span B (red by defaults) are all drawn on the chart along with the price candles. The area between the Leading Span A and Leading Span B lines are also shaded depending on which of the two lines is greater: whenever Leading Span A is greater the area is shaded positively (blue by default), whenever Leading Span B is greater the area is shaded negatively (red by defaults). One interesting feature of the Ichimoku Cloud is that it drawn a certain number of candles forward. What this means is that where the cloud is drawn on the chart is reflective of prices that have occurred a number of candles in the past. This is done intentionally to help traders see how the current price is moving in relation to historical price movements on the asset. See below for how the indicators look in their default colors on the chart These indicators can then be used to start analyzing the price movement, and making trade decisions. The first inference we can make is the momentum of the price. Since the lines are drawn from averages of varying speeds, the shaded area between the Leading Span lines can tell us whether the momentum is bullish (up) or bearish (down). Whenever Leading Span A, the faster of the two lines, is above Leading Span B, that means that price is moving upward faster than it typically has, ergo we are in Bullish Momentum. On the chart, this is indicated in two ways: The area is shaded positively (blue by default) A green upward triangle is added to the chart to indicate where the momentum first turned Bullish Whenever Leading Span A is below Leading Span B, that means that price is moving downward faster than it typically has, ergo we are in Bearish Momentum. On the chart, this is indicated in two ways: The area is shaded negatively (red by default) A red downward triangle is added to the chart to indicate where the momentum first turned Bearish The next inference we can make is possible trading points. When we're in a period of momentum, as determined above, we know that price is going up or down, depending on the momentum we're in. We can then use the Conversion Line, Base Line, and the Price itself to confirm a good trade price. When the asset is in Bullish Momentum, and the Conversion Line, our fastest average, is above the Base Line, our mid speed average, we know that the price is coming up quickly in the short term. When the Base Line and current Price are also above the cloud, then we have triple confirmation that price is going up, and we should enter a Long position. On the chart, this point is indicated with a green flag. When the asset is in Bearish Momentum, and the Conversion Line is below the Base Line, we know that the price is going down quickly in the short term. When the Base Line and current Price are also below the cloud, then we have triple confirmation that price is going down, and we should enter a Short position. On the chart, this point is indicated with a red flag. The script presented here also allows users to customize the various parameters of the Ichimoku Cloud, and visually see how analysis is affected by these changes. This is designed to allow users to modify parameters as they see fit, within certain constraints, to find the best set for them. The lines, cloud, and chart indicators will all update automatically with the users' inputs.
Pine Script® indicator
by johnnydigitals
Fukuiz Octa-EMA + Ichimoku (Strategy)This strategy is based EMA of 8 different period and Ichimoku Cloud which works better in 1hr 4hr and daily time frame. #A brief introduction to Ichimoku # The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. #A brief introduction to EMA# An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average ( SMA ), which applies an equal weight to all observations in the period. #How to use# The strategy will give entry points itself, you can monitor and take profit manually(recommended), or you can use the exit setup. EMA (Color) = Bullish trend EMA (Gray) = Bearish trend #Condition# Buy = All Ema (color) above the cloud. SELL= All Ema turn to gray color.
Pine Script® strategy
by Fukuiz
15
Ultimate Ichimoku Cloud StrategyThe goal of this strategy script is to provide the ultimate experience to anyone interested in the Ichimoku Kinkō Hyō (Ichimoku Cloud). The script is designed to be highly customizable and allows the user to set a custom trade date range and select any combination of inputs and conditions that satisfy their goals. Additionally, the script allows the user to visually see any combination of their set conditions by clicking the " Show Conditions Visually " checkbox. Doing so will color the background in a different color where the conditions align. Finally, a simple Stop/Take profit is added for those that wish to exit based on percentages over Ichimoku conditions. As always, please let me know if there are any bugs, something useful that could be added or if you need some help. Leave a like if you wish!
Pine Script® strategy
by antondmt
9
RSI Divergence X Ichimoku Cloud X 200EMAHi all, This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA . A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry. Similarly, a short position is entered only when the RSI identified a bearish divergence (either regular or hidden), and that the Ichimoku Cloud is below the 200 EMA . This is to ensure that there is a confirmation of a bearish trend before an entry. I find that this script works best on Intraday charts. This is just a simple script I built on my third attempt of backtesting strategies on TradingView. Do give it a go and let me know if you guys have any feedback or comments about it. Happy trading!
Pine Script® strategy
by tradethrills
9
ULTIMATE ICHIMOKU TRADING SUITEThis is an update of "Uncle Mo's Ultimate Ichimoku V1" Main features: 2 x Ichimoku Cloud 5 x EMA 2 x MA 1 x HullMA Williams Fractal 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 @EmilianoMesa for the EMAs/MAs @mohamed982 for the HullMA @ymaheshreddy4u for the Bollinger Bands @ChrisMoody for the Price Action Bars and PSAR @HPotter for the ATR @repo32 for the Candlestick Patterns The script is open source and free to use. Feel free to change it around to suit your needs. ***If you copy & paste code from other traders to make your own script, please do remember to give them credit for their amazing work.*** Happy trading!
Pine Script® indicator
by GoldenRatioTA
9
Ronin Pro Ichimoku Analyzer + ATRRonin Pro Ichimoku Analyzer is a refined Ichimoku-based decision tool designed to read trend strength, momentum shifts, and breakout conditions with clarity. • It adapts the Kumo cloud dynamically — thickness and trend strength change the cloud’s transparency and color. • Highlights Tenkan/Kijun crosses and Chikou confirmation to help filter noise. • Includes optional ATR trailing stop for risk control. • Shows long/short signals directly on the chart. • Offers an on-chart analysis table summarizing the current market state in real time.
Pine Script® indicator
by Tesseract13
1
[_ParkF]RSI (+ichimoku cloud)RSI Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart, and linear regression was added to predict changes in force intensity, which allowed us to confirm support and resistance within linear regression . In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance . In other words, if the diversity signal appears together when the rsi candle is supported and resisted within linear regression , this is the basis for predicting that it is a point of change in the existing trend. Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used. I hope it will help you with your trading. -------------------------------------------------------------------------------------------------------------------------------------------------------------- (+ichimoku cloud) Clouds made of the preceding span 1 and the preceding span 2 of the balance table can predict the trend by displaying the current price balance ahead of the future. In addition to the role of clouds in the above-described balance sheet, this indicator also shows the cloud band support and resistance of the current RSI value. 일반적인 RSI 지표를 캔들화 하였고 꼬리까지 포함하여 캔들 차트와 유사하게 표현 하고, 캔들화한 RSI 지표에 선형회귀(채널)를 추가 하여 RSI 지표 특유의 힘의 강도의 변화를 지지와 저항으로 확인할 수 있게 해봤습니다. 또한 다이버전스 신호를 추가하여 선형회귀(채널)로 인한 지지와 저항에 따른 가격 변동의 근거로 삼을 수 있습니다. 즉, 선형회귀(채널) 안에서 RSI 캔들이 지지와 저항을 받을 때 다이버전스 신호가 함께 나타난다면 이는 기존 추세의 변화 지점임을 예측해 볼 수 있는 근거가 됩니다. 마지막으로 선형회귀(채널)의 기간값과 표준편차는 임의로 수정하여 사용할 수 있습니다. 당신의 트레이딩에 도움이 되었으면 합니다. -------------------------------------------------------------------------------------------------------------------------------------------------------------- (+일목균형표의 구름) 일목균형표의 선행스팬1과 선행스팬2로 만들어진 구름은 현재 가격의 균형을 미래에 선행하여 표시하여 추세를 예측해볼 수 있습니다. 본 지표에서는 위에서 설명한 일목균형표의 구름의 역할과 더불어 현 RSI 값의 구름대 지지, 저항 또한 확인해볼 수 있습니다. * I would like to express my gratitude to zdmre for revealing the linear regression source.
Pine Script® indicator
by ParkF
11
2 VWAP with selective timeframe and Display liked Ichimoku CloudSET:CKP This is my first indicator of VWAP that I fork from the original script by public script "VWAP Periodic". You can see that original script by type "VWAP Periodic" from "New" in "Pine Indicator". The reason that I want to share my script is only one thing. That I need to discuss, Is this indicator can identify the trend and can use it to adapt to the "Buy-On-Dip" strategy? Double VWAP can show you 2 lines of VWAP form different periods as my default is "Week" and "Month" timeframe. Not at all, it fulfils with the background of the simple colour which can be defined Trend just liked "Ichimoku Cound" (Yes indeed, green is uptrend and red is downtrend). I hope this indicator will help :) Wishing you good health and get wealth too. :) :) :) --------------------------------------------------------------------------------------------- สวัสดีครับมิตรสหายทุกท่าน อินดิเคเตอร์ที่ผมจะมานำเสนอมิตรสหายนี้ เป็นอินดี้ที่จะแสดงเส้น VWAP ได้ทั้งหมด 2 เส้น โดยท่านสามารถระบุ Timeframe ของ VWAP ที่ท่านต้องการได้เลยครับ ก่อนอื่นผมของออกตัวก่อนครับ ว่าอินดิเคเตอร์นี้ผมโฟร์คมาจาก Original Public Script จากใน Pinescript แห่ง Trading View นี่ละครับ จากอินดิเคเตอร์ที่มีชื่อว่า "VWAP Periodic" ซึ่งท่านสามารถ กดดู Original Script ได้จากการกดที่ 1) ไพน์อินดิเคเตอร์ 2) กดเลือกคำว่า "ใหม่" 3) หาอินดิเคเตอร์ที่ชื่อว่า "VWAP Periodic" ้เท่านี้ท่านก็จะได้สคลิปต้นแบบที่ผมนำมาปรับใช้ได้ทันทีครับ แต่กระนั้นแล้ว ผมจะเปิดโชว์สคริปของผมที่นำมาโฟร์คแล้วให้ทุกท่านได้รับชมกันด้านล่างในส่วนของโค้ดนะครับ จุดประสงค์ของอินดิเคเตอร์นี้คือได้ฟังแนวคิดของ VWAP จากกัลยาณมิตรเทรดเดอร์ด้วยกันแล้วรู้สึกคลิ๊ก กับอินดิเคเตอร์นี้มากครับ จะมีอะไรดีไปกว่าการได้รู้ต้นทุนราคาของแต่ละช่วงเวลา ทั้งไทม์เฟรมที่ใหญ่อย่างระดับ "เดือน (เส้นสีเขียว)" และ ระดับ "สัปดาห์ (เส้นสีแดง)" ได้พร้อมกันและดูแท่งเทียนเพื่อ "จับจังหวะซื้อ"(ในไทม์เฟรม ระดับ วัน) ที่ราคาต่ำกว่าค่า VWAP อีกเล่าอรชุน จุดประสงค์หลักของอินดิเคเตอร์นี้ คือมีไว้เพื่อระบุเทรนด์โดยอาศัยการดูระยะห่างของเส้น VWAP ทั้ง 2 เส้นนี้ และระบุ "จุดกลับตัว" เมื่อก้อนเมฆสีเขียวและแดงเริ่มหายไป เสมือนกับอินดิเคเตอร์ "เมฆหมอกแห่งอิชิโมคุ" นอกจากนี้เมื่อราคาหุ้นปรับตัวเป็นเทรนด์ขาขึ้นแล้ว เรายังสามารถซื้อเฉลี่ยขาขึ้น หรือใช้กลยุทธ์ Buy-on-Dip ได้อีกด้วยครับ โดยเฉลี่ยซื้อเมื่อราคาตกย่อมาอยู่ที่เส้นสีเขียว แบบนี้เป็นต้นครับ ผมหวังว่าอินดิเคเตอร์นี้จะเป็นประโยชน์ให้แก่มิตรสหาย และกัลยาณมิตรเทรดเดอร์ทุกท่านนะครับ ผมขออวยพรให้ทุกท่านมีความสุข ออกจากสนามแข่งหนูนี้ ได้รับอิสระภาพทางการเงิน และ "มีสุขภาพที่แข็งแรง" Work life balance ทุกท่านครับ ขอบคุณครับ :) :) :)
Pine Script® indicator
by Earth_Thanupong
1
Tenkan-Sen Kijun-Sen Distance (TKD) Oscillator - IchimokuThe TKD is the distance between the Tenkan-Sen and the Kijun-Sen, expressed in percentage of current price. The further apart the tenken-sen and kijun-sen are, the more they want to snap back together. This makes for a decent oscillator. When the Tenkan-Sen is above the Kijun-Sen, the TKD is green. When it is below, the TKD is red. At the crossing points, it turns blue. For those more familiar with Ichimoku Cloud techniques, one might also think of this indicator as a C-Clamp indicator. Bar coloring is supported and enabled by default. There's also an option to flip/invert the green/red colors in case you want to use it to judge pending cycles rather than current ones.
Pine Script® indicator
by AlgoGirl
4
CoryT's Noro's Ichimoku AlertsA few months ago I took Noro's Ichimoku Cloud and used the AV bot template to throw stops on it. I took some code from JustUncleL to make it not so hideous. Trailing Stops are turned off, stop losses are turned off (you really don't need them with this), and this is currently a Long/Short strategy, the Longs Only and Shorts Only options are broken right now, I'm tired and you guys can either fix it yourselves or deal with it like this for now. Hint: If you wanna use this as a long-only strategy just have AV close your buy orders whenever a short is triggered.
Pine Script® indicator
by CoryTee
2
CoryT's Noro's IchimokuA few months ago I took Noro's Ichimoku Cloud and used the AV bot template to throw stops on it. I took some code from JustUncleL to make it not so hideous. Trailing Stops are turned off, stop losses are turned off (you really don't need them with this), and this is currently a Long/Short strategy, the Longs Only and Shorts Only options are broken right now, I'm tired and you guys can either fix it yourselves or deal with it like this for now. Hint: If you wanna use this as a long-only strategy just have AV close your buy orders whenever a short is triggered.
Pine Script® strategy
by CoryTee
3
My Ichimoku indicator & Strategyhello 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. /!\ Exchanges commission fees are not calculated and can in reality easily divide by 2 the total profit (am I right guys?) /!\ A buy signal is triggered upon these conditions: - close is above the Kuma (cloud) AND - close crosses over Kijunsen AND Kijunsen is not flat (calculated with rising and falling with input "Kijunsen Lag") OR - Close crosses over ChikouSpan AND there was a sell signal in the last 8 candles Sell signal is the same but reversed. I appreciate your feedback ! Maybe I will update this later if I get better results.
Pine Script® strategy
by cyatophilum
7
Idō Heikin Ichimoku [DW]This is an experimental study inspired by Goichi Hosoda's Ichimoku Kinkō Hyō. In this study, a McGinley Dynamic replaces the Tenkan-Sen and Kaufman's Adaptive Moving Average replaces the Kijun-Sen. The cloud is calculated by taking the mean of the highest high and lowest low, adding a golden mean standard deviation above and below, and offsetting it over the specified period. The lagging span is calculated by offsetting the closing price by the same amount as the cloud period.
Pine Script® indicator
by DonovanWall
2