IKH Cloud V1.0 (nextSignals)The IKH Cloud V1.0 (nextSignals) is an Ichomoku-type indicator that can be used for various trading strategies. It's based on a ThinkScript study from @stephenharlinmd (aka nextSignals) that uses an instantaneous moving average as the base MA, and a custom trailing stop. Both of these components form the cloud.
Indicator Components and Calculation
The indicator comprises two key components:
Instantaneous Moving Average (IMA) : This is a type of moving average that places a greater weight on the most recent data points, and is based on Ehler's book "Rocket Science for Traders". This is slightly different from the Doc's original, but is very approximate.
Trailing Stop : This component helps determine the stop loss level that moves along with the price. The trailing stop is based on the highest high and the lowest low of the last 5 bars, as well as the simple moving averages of the low and high of the previous bar. The trailing stop is calculated separately for each condition: when the bar index is greater than 1 and when the previous 'a' variable is either 1 or 0.
These two components are used to create a filled area on the chart, also known as the 'cloud'. The color of the cloud and the candlesticks change based on the relative positions of the IMA and the trailing stop.
How to Use the Indicator
The following are just ideas on how to use this indicator, and is not financial advice in any form:
Trend Identification: When the IMA is above the trailing stop (cloud), it indicates an uptrend, and when it's below, it indicates a downtrend.
Entry/Exit Signals: Traders can consider going long when the candlesticks move above the cloud and short when they move below the cloud.
Stop Loss Level: The trailing stop line (the cloud's edge) can serve as a dynamic stop loss level.
Please don't use just this indicator on its own. Please use this in conjunction with other analysis tools, indicators, and systems you already have in place. Always consider the overall market context and use appropriate risk management strategies.
일목 구름
Ichimoku Cloud Momentum & Trend Indicator «NoaTrader»If you like Ichimoku cloud and use it in your analysis, or you are new to it and sometimes gets tricky to figure out all the details, this indicator tries to simplify that and visualize the change of trend and momentum relative to the past based on ichimoku.
The RED/GREEN columns are showing momentum strength while the black diamond line suggests the trend change. The conditions are simple enough to check them out on the script.
As you can see highlighted cyan circles on the chart as major important signals on the chart of Bitcoin daily timeframe.
This script tries to be complementary to the ichimoku cloud itself and cannot replace the levels represented by the cloud on chart.
Banded Chikou Breakout — Quantifying Ichimoku MomentumTitle: Banded Chikou Breakout — Quantifying Ichimoku Momentum
Overview:
Banded Chikou Breakout (BCB) is a unique, algorithmic script designed to augment the capabilities of traders seeking substantial breakout opportunities. Constructed on the robust principles of the Ichimoku trading strategy, BCB is designed to quantify and filter the Chikou Span's significant breakouts above or below the price action. This script does not aim to replace the Ichimoku system; instead, it enhances it, providing an optimized tool for momentum trading.
Rationale:
Ichimoku traders often scrutinize the Chikou Span's position relative to price action to identify market trends. However, determining whether the Chikou Span is above or below due to a genuine trend or mere market noise can be challenging in choppy markets. BCB resolves this predicament by offering a unique way to interpret the Chikou Span's movement. It does so by quantifying the Chikou Span's momentum and utilizing Bollinger Bands to determine its significance. By effectively differentiating substantial movements from the insignificant, BCB can help traders better navigate the market and increase their potential for profitable trades.
How it Works:
BCB combines three key elements: a Momentum Script (simulating Chikou Span), a Bollinger Band Script, and a Timeframe Switcher, all working together to provide a refined trading perspective.
Momentum Script: Calculates the price difference between the current price and the price 'n' periods ago, transforming the Chikou Span into a quantifiable momentum value that signifies the strength and speed of a market move.
Bollinger Band Script: Computes a Simple Moving Average (SMA) around the momentum, plotting two 'bands' at a specified standard deviation from this SMA. This functionality allows traders to discern when the Chikou Span's momentum is abnormally high or low, signifying a potential significant breakout.
Timeframe Switcher: This feature lets traders apply the BCB script to a different timeframe from the one they are currently viewing. This capability can help traders identify higher timeframe breakouts and trade them with precision on the lower timeframe.
How to Use:
BCB is designed to complement the Ichimoku strategy for effective breakout identification.
Add the BCB script to your trading chart. It plots the momentum (yellow line) and Bollinger Bands (green lines) with the area between the bands shaded blue.
Utilize the Ichimoku strategy to identify larger and smaller timeframe trends.
Optional: Leverage the timeframe switcher to synchronize your trades with higher timeframe trends while operating on lower timeframes.
If the BCB momentum line crosses the upper Bollinger Band while the Ichimoku indicates a bullish trend, it signifies a potential significant upward breakout. Similarly, a cross below the lower band during a bearish trend could denote a significant downward breakout.
Remember, without the context provided by the Ichimoku system's trend analysis, BCB can yield false breakouts. It is, therefore, crucial to use these tools in tandem. I like to check for an Ichimoku trend on the 4H and 1H charts, and then use BCB on charts <60 minutes to capture trends with precision.
Simple Ichimoku Kinko Hyo Cloud█ OVERVIEW
This indicator as an educational and showcase the usage of user-defined types or objects (UDT) for Ichimoku Kinko Hyo or Ichimoku Cloud.
█ CREDITS
TradingView
Trend IndicatorThis indicator has different features:
1. Ichimoku = this indicator can plot Ichimoku calculated both in the common formula and with the volume average, you can choose the calculator method for each line.
2. Channel and Bands = this mode allows the user to choose from channel and band, "channel" shows the Keltner channel, and "band" shows the Bollinger bands. Both the indicators are calculated including the volume in the formula of the average midpoint.
3. Color candle = this function allows the user to see two different colors of candles on the chart, the positive color occurs when both the long-term average and the short team average of price calculated using the volume is above the two averages calculated without the volume. This function is great to analyze the volume pressure, useful to identify trend continuation and exhaustion.
4. Extreme reversal zones = this is a version of the Keltner channels calculated over a high number of candles and with high deviation, to identify the potential zones of reversal.
Note that in the "Ichimoku" indicator, the backline is the T.R.A.M.A. indicator, created and published open source by Lux Algo, which I thank for the script.
Gamification IndicatorDo you want your charts to look like a video game? Look no further! Would you rather be an alien racing through a lava tube, a surfer with great white sharks, an airplane flying through the clouds, or some other custom emoji setup of your choice? Traders can choose their own custom player emoji, trend indicator, obstacle emoji, and celestial emoji. This indicator is just for fun and is not intended to be used when making trading decisions. Enjoy!
This indicator also contains a live sun/moon emoji that should accurately reflect day/night and can give information about the current moon phases.
Shoutout to @citlacom for the public Moon Ephemeris and calculations. Building this indicator was a useful & fun introduction to financial astrology in Pinescript.
Volume Spread Analysis IchimokuThis version of the popular Ichimoku indicator is modified to let the user choose between his classic mode and the volume-weighted mode.
Every line of the indicator is customizable with this function.
The Kijun and Tenkan lines are choosable from:
1. The normal version, so the average of the high and the low of the selected period
2. The volume mode, so the average price of the selected input ponderated to the volume
The Senkau Span A is the average from the Kijun (fast line) and the Tenkan (slow line) lines and it's choosable from:
1. The normal price version
2. The volume mode
3. The average between points 1 and 2
4. The automatic average between the two fast lines that you've chosen
The Senkau Span B is the slowest line of the indicator, used to determine the long-term trend, and can be chosen from:
1. The normal average price between the high and the low of the selected period
2. The volume average price, using the Volume Weighted Moving Average
The Trama Backline is the popular "LUX Algo" T.R.A.M.A. indicator, which I'm thankful for, and can be fantastically used to display the current trend strength and condition. This line is readable in the following way:
- If the line is moving sideways, the trend may be in a consolidation phase
- If the line is moving upwards or downwards, the trend may be in a trend phase
Renko Ichimoku CloudThis script utilizes its source from a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the Ichimoku Cloud. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold is breached or a "brick" is created.
This Ichmoku Cloud includes all standard lines with standard lengths. These include:
Tenken Sen
Kiju Sen
Senkou A/B
Chikou Span
We have also included plotted marks for when there is a Tenken Sen/ Kiju Sen cross and for the Kumo cloud twist.
There are two methods for selecting the box size. Box size is critical for the overall function and efficacy of the plots you will visually see with this indicator. Box size is set automatically using the Average True Range "ATR" or manually using the "Traditional" setting. The simplest way to determine a manual box six is to take the ATR of the given instrument and round it to the nearest decimal place. As an example, if the ATR for the asset is 0.017, you would round that number to 0.02 and utilize this as your traditional box size.
Ichimoku Cloud ExIchimoko Clouds with vertical lines at the Conversion Period (default: 9), Base Period (default: 26) and Lagging Span B period (default: 52) as visual clues to the offsets.
ABC_caluculator for Ichimoku Kinko Hyo(IKH) usersThis tool is using for calculating Target Value(N,V,E prices) by only clicking on a chart.
There is several points which makes it better.
Decrease the number of times of clicking.
Calculator needs a reset button, it's like loop structure. Push the reset and function again.
Plot percentages which it compare closing price and Target Value(N,V,E prices) on a chart.
Plot loss cut points from evaluating risk/returns.
My question is also written down precisely here !!!!!
↓
stackoverflow.com
CVD Ichimoku(s)ENGLISH
What is this indicator?
This is a combination of two indicators: the CVD - Cumulative Volume Delta Candles published by TradingView (version v3 2022.07.11) with two Ichimoku clouds: one for the current time frame and another for a bigger time frame.
The user of the indicator can define that bigger time frame with a multiplier. By default it multiplies x6 the current TF (for example, if you watch at the 1 hour time frame the second kumo belongs to 6 hour TF).
Additionaly, an orange line replicates the senko span A without displacement. It is extra layer of visual information that can be hidded from settings.
How it should be used?
Delta Volume indicators can be hard to read. This format gives the trader an overview of where the agressive buyers/sellers are in relation to past market orders. And relative to price if used in combination with the classic Ichimoku indicator on price. I recommend to use it as a support for your ideas applying Ichimoku's calculations deep knowledge.
CATALÀ*
Què és aquest indicador?
És una combinació de dos indicadors: el CVD - Cumulative Volume Delta Candles publicat per TradingView (versió v3 2022.07.11) amb dos Ichimoku clouds: on pel time frame actual i un altre per un time frame superior.
L'usuari de l'indicador pot definir aquest time frame superior mitjançant un multiplicador. Per defecte multiplica x6 el TF actual (per exemple, si uses l'indicador al time frame d'1 hora, el segon kumo correspondrà al TF de 6 hores).
Adicionalment hi ha una línia taronja que replica el senko span A sense desplaçament. És una capa extra d'informació visual que pot ser amagada des de la configuració.
Com s'ha de fer servir?
Els indicadors de Delta Volume poden ser difícils de llegir. Aquest format dona al tradejador una visió global d'on són els compradors/venedors agressius en relació al mercat d'ordres passat. I relatiu al preu en combinació amb el clàssic indicdor Ichimoku sobre preu. Recomano usar-lo com a suport per les teves idees aplicant un profund coneixement dels càlculs d'Ichimoku.
*Catalan is a language speaked since 8th century in most eastern territories of the current Spain (Catalunya, Illes Balears, País Valencià), south of France and some zones of Italy. Catalan is spoken by some 9,000,000 people in Spain and some 125,000 in France, as well as by some 30,000 in Andorra and some 40,000 in Alghero.
Ichimoku(s)ENGLISH
What is this indicator?
This is a doble Ichimoku cloud: one for the current time frame and another for a bigger time frame.
The user of the indicator can define that bigger time frame with a multiplier. By default it multiplies x6 the current TF (for example, if you watch at the 1 hour time frame the second kumo belongs to 6 hour TF).
Additionaly, an orange line replicates the senko span A without displacement. It is extra layer of visual information that can be hidded from settings.
Other ichimoku lines are hidden by default, but can be activated from "Style" tab at the settings.
How it should be used?
If gives Ichimoku traders perspective from bigger time frames. Can be used to avoid movements against major tendencies without the need to change charts.
CATALÀ*
Què és aquest indicador?
És un doble núvol d'Ichimoku: un pel time frame actual i un altre per un time frame superior.
L'usuari de l'indicador pot definir aquest time frame superior mitjançant un multiplicador. Per defecte multiplica x6 el TF actual (per exemple, si uses l'indicador al time frame d'1 hora, el segon kumo correspondrà al TF de 6 hores).
Adicionalment hi ha una línia taronja que replica el senko span A sense desplaçament. És una capa extra d'informació visual que pot ser amagada des de la configuració.
La resta de línies d'Ichimoku estan ocultes per defecte, però poden activar-se des de la pestanya "Style" de la configuració.
Com s'ha de fer servir?
Dóna als tradejadors d'Ichimoku perspective dels time frames superiors. Pot ser usat per evitar moviments contra tendències majors sense necessitat de canviar de gràfic.
*Catalan is a language speaked since 8th century in most eastern territories of the current Spain (Catalunya, Illes Balears, País Valencià), south of França and some zones of Italy. Catalan is spoken by some 9,000,000 people in Spain and some 125,000 in France, as well as by some 30,000 in Andorra and some 40,000 in Alghero.
Ichimoku RONIN [Lite]This Ichimoku is a Lite Edition of Ichimoku RONIN
Features :
- Ichimoku Default Lines
- Settings for Shift all of Lines
- Two Custom Periods Lines
- 9/26/52 Cycle Counter
- Optimized for Pine Script 5
- No Shifted Senko Span A Line
- New Cloud Alert
- KijunSen & TenkanSen Lines Crossed Alert
Good Trading to All ...
Ichimoku MA Up & DownIchimoku and MA use the default.
It is repainted because it uses a moving average line.
A marker is only true if it was created after the candle closed.
The principle is too simple.
Please enjoy using it.
- Up : Conversion Line > MA #1 and Base Line > MA #2
It is an uptrend. The short-term moving average should be above the conversion line. And the long-term should be above the Base Line.
- Down : Conversion Line < MA #1 and Base Line < MA #2
It's a downtrend. The short-term moving average should be below the conversion line. And the long-term should be below the Base Line.
You can get better results if you use a momentum indicator like RSI.
Thank you.
Ichimoku Cloud+quality lineIchimoku Cloud+quality line
this is ichimoku indicator, only quality line added.
Ichimoku Cloud Anidjarcan be used in any timeframe
price crossing the cloud, buy or sell
blue line crossing red, attention to buy and sell
lagging line, inside prices, doing nothing, indicates trading, market consolidating.
Ichimoku ATR Oscillator// An oscillator that visualizes Ichimoku trend line distances in terms of ATR.
// Public Domain
// By JollyWizard
Ichimoku (lib-hlm)An example of how to implement Ichimoku in other scripts using my `lib-hlm`.
You can copy and paste this code into any `\\@version=5` indicator to add Ichimoku to it.
Regression Channel Trend DetectionThis is a regression channel that uses ichimoku to determine trend. The sensitivity is customizable. The centerline will change color according to the trend detected by ichimoku, and each line can act as support/resistance. The bands of the channel also change colors according to how far price is getting away from them. If you notice in this example, the lower band is turning orange when the price is getting too far away from it, suggesting that it may have risen too fast and too soon. This is still in testing so feel free to comment with any suggestions or fixes.
MTF Ichimoku Cloud MonitorIchimoku 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.
Good trading to all ...
Chiko-Span Momentum_PineScript_Version5This is Momentum indicator based on "Chiko-span" of Ichimoku Kinko-Hyo.
Differ from normal momentum indicator, this indicator is using "close" and "open" as default parameter which is based on 9 week-candle chart Invented by Ichimoku-Sanjin. And, It is located 26 period before to match chiko-span.
(Parameters can change as you like)
The usage is same as normal momentum indicator so please check momentum indicator usage. However, due to use this indicator, it may support to compare momentum of chiko-span movement and to predict effect 5 lines of ichimoku.
For example, when price break out tenkan-sen, you can measure slope or period of chiko-span momentum and compare previously chiko-span momentum. If momentum is stronger than previously price, we can think that price try to out kijun- sen, touch cloud or break out cloud.
I wish, this indicator helps ichimoku users.
