OPEN-SOURCE SCRIPT
Ichimoku Clouds Strong Bullish/Bearish signals and alerts
Updated
Ichimoku Clouds Strong Bullish/Bearish signals with allerts
The Ichimoku cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
We provide you easy-to-use script which helps to decrypt meaning of lines in the indicator. The script takes Ichimoku clouds indicator formulas to calculate Tenkan, Kijun, SenkouA, SenkouB values and examines them in order to produce buy ( Bullish ) and sell ( Bearish ) signals which are displayed at the chart
The most appropriate time frame is 30m
Custom alerts are added to send you a notice with a webhook when bullish or bearish signal arrives.
You can easily add weak and neutral signals alerts by removing "//" in a specified place
Feel free to copy and use this script for your ideas and trading. You can modify the script by adding Parabolic SAR in order to increase accuracy of positions closure
The Ichimoku cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
We provide you easy-to-use script which helps to decrypt meaning of lines in the indicator. The script takes Ichimoku clouds indicator formulas to calculate Tenkan, Kijun, SenkouA, SenkouB values and examines them in order to produce buy ( Bullish ) and sell ( Bearish ) signals which are displayed at the chart
The most appropriate time frame is 30m
Custom alerts are added to send you a notice with a webhook when bullish or bearish signal arrives.
You can easily add weak and neutral signals alerts by removing "//" in a specified place
Feel free to copy and use this script for your ideas and trading. You can modify the script by adding Parabolic SAR in order to increase accuracy of positions closure
Release Notes
Key upgrades and enhancements made to the original script, transforming it into the final version:Additional Display Options for Ichimoku Lines:
- Introduced individual toggle options for displaying each of the Ichimoku lines: Tenkan, Kijun, Senkou A, Senkou B, and Chikou.
- Added separate options to control the display of displaced Senkou A and B lines.
Enhanced Signal Strength and Direction Control:
- Implemented dropdown menus to filter signals based on their strength (Strong, Weak, Neutral) and direction (Bullish, Bearish).
- Modified the signal calculation logic to incorporate these user-selected filtering options, allowing for more tailored analysis.
Improved Visualization and Customization:
- Adjusted the script to use labels instead of shapes for signals, offering more flexibility in positioning and avoiding direct modifications to price levels.
- Provided a mechanism for custom vertical offset adjustments, enabling better control over the visual placement of labels relative to the bars.
Color Transparency and Aesthetics:
Updated the script to use color.new() for defining transparent colors, particularly for filling between Senkou A and B lines, enhancing the visual appeal and clarity.
Robust and User-Friendly Design:
The script was revised to be more user-friendly, with clear options for customization and display, making it adaptable to different trading styles and preferences.
Adherence to Pine Script Standards:
Ensured that all modifications and enhancements adhere to the latest Pine Script v5 standards and practices, including resolving any syntax or deprecated feature issues.
These upgrades transformed the original Ichimoku Clouds script into a more versatile and user-customizable tool, aligning it more closely with specific trading strategies and user preferences.
Release Notes
Renamed it to Indicator, strategy comes soon :)Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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