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Ichimoku Kinko Hyo: Basic Strategy

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Ichimoku Kinko Hyo: Basic Strategy

Entry/Exit orders are placed when three basic signals are triggered.
Ichimoku Signals:
1) Tenkan-Sen/Kijun-Sen Cross
Bullish: Tenkan-Sen is above the Kijun-Sen.
Bearish: Tenkan-Sen is below the Kijun-Sen.
2) Chikou-Span Cross
Bullish: Chikou-Span is above the close of 26 bars ago.
Bearish: Chikou-Span is below the close of 26 bars ago.
3) Price versus Kumo Cloud
Bullish: Close is above the Kumo Cloud.
Bearish: Close is below the Kumo Cloud.

Notes:
1) Long-only or short-only direction is feasible by checkbox. Stop and reverse strategy is taken by default.
2) Built-in Ichimoku indicator is strictly wrong because of counting one extra bar for all Ichimoku components.
Including the current bar like moving average is correct way in Japan. This problem is fixed in my script.

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