OPEN-SOURCE SCRIPT
Ichimoku Kinko Hyo Cloud - no offset - no repaint - strategy
Ichimoku Kinko Hyo Cloud - no offset - no repaint - RSI filter - strategy
The indicator contains both the standard Ichimoku Cloud, as well as the one without the visual offset.
The Strategy Tester indicates good backtest results when the Ichimoku Cloud is paired with the RSI.
However, it seems it likes to work more as a standalone system.
The indicator can be easily converted to the study() mode by commenting/uncommenting a few lines,
then the alarms can be configured.
There are entry and exit signals ready to be used by the alert system.
The coloring of the cloud without offset contains all 3 conditions: Uptrend, Downtrend, Transition.
The indicator contains both the standard Ichimoku Cloud, as well as the one without the visual offset.
The Strategy Tester indicates good backtest results when the Ichimoku Cloud is paired with the RSI.
However, it seems it likes to work more as a standalone system.
The indicator can be easily converted to the study() mode by commenting/uncommenting a few lines,
then the alarms can be configured.
There are entry and exit signals ready to be used by the alert system.
The coloring of the cloud without offset contains all 3 conditions: Uptrend, Downtrend, Transition.
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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a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
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