Ichimoku Strategy 0.1
Strategy is based of Hosada's Ichimoku indicator which is great for quickly assessing a chart, to understand trends and it has a few plays that works very well in crypto markets. This is one of them.
This strategy works best on higher TF's like daily, 6hr, 5hr, 4hr. I'm using this as support in my manual trading in crypto markets. I've found it works great to set up alarms on daily candles for the big caps to better understand the larger trends in the crypto markets to protect my satoshi's.
Long signals: Positive tenkan-kijun cross + price close above tenkan + price close above kumo
Long exit / short signals: Price close below tenkan
Notes
- As I find the exit signals to be quite weak for entering shorts, default value for strategy direction is 'Longs only'. This can be changed to 'both' and 'shorts only' in the settings
- This script have functional risk management like take profit, stop loss, trailing stop loss and more
- Default value of trading fees are 0% which can be changed in settings
- Future version will include chikou above kumo cloud, but I haven't quite figured that out yet as I suspect the chikou offset messes with it.
- I'm also working on a script based on a kumo edge to edge strategy. Will publish if there is interest
I'm posting this for feedback, please comment. Open to collaborate with other script writers
This strategy works best on higher TF's like daily, 6hr, 5hr, 4hr. I'm using this as support in my manual trading in crypto markets. I've found it works great to set up alarms on daily candles for the big caps to better understand the larger trends in the crypto markets to protect my satoshi's.
Long signals: Positive tenkan-kijun cross + price close above tenkan + price close above kumo
Long exit / short signals: Price close below tenkan
Notes
- As I find the exit signals to be quite weak for entering shorts, default value for strategy direction is 'Longs only'. This can be changed to 'both' and 'shorts only' in the settings
- This script have functional risk management like take profit, stop loss, trailing stop loss and more
- Default value of trading fees are 0% which can be changed in settings
- Future version will include chikou above kumo cloud, but I haven't quite figured that out yet as I suspect the chikou offset messes with it.
- I'm also working on a script based on a kumo edge to edge strategy. Will publish if there is interest
I'm posting this for feedback, please comment. Open to collaborate with other script writers