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Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis--- Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis --- Script Overview Welcome to the Advanced Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis. This unique strategy is designed to provide a comprehensive, multi-timeframe trading view by leveraging the Ichimoku Cloud, Z-Score, Stochastic Oscillator, and an innovative implied volatility measure – the Kumo Depth. By integrating these powerful tools into one script, traders can make more informed decisions by considering trend strength, volatility, and volume in one holistic view. Rationale & Strategy The script was created with the rationale that trading decisions should not only be based on price action and volume, but also on market trend strength and implied volatility. The script integrates these various elements: The Ichimoku Cloud, a versatile indicator that provides support and resistance levels, trend direction, and momentum all at once. The Z-Score, a statistical measurement of a value's relationship to the mean (average) of a group of values. The Stochastic Oscillator, a momentum indicator that uses support and resistance levels to determine probable trend reversals. The Kumo Depth Analysis, an innovative measure of implied volatility and market trend strength derived from the thickness of the Ichimoku Cloud. How It Works This script works by providing visual buy and sell signals based on the confluence of the aforementioned tools. Ichimoku Cloud and Z-Score: The script first calculates the Ichimoku Cloud lines for both a higher and lower timeframe and measures how much current prices deviate from the cloud using Z-Score. Stochastic Oscillator: This Z-Score is then inputted into a Stochastic Oscillator, thus giving the oscillator a more normalized range. Kumo Depth Analysis: Simultaneously, the thickness of the Ichimoku Cloud (Kumo) is calculated as an implied volatility indicator. This depth is normalized and used as a filter to ensure we are trading in a market with substantial trend strength. Signals: Buy and sell signals are triggered based on the crossover and crossunder of the Stochastic Oscillator lines. Signals are then filtered based on their location relative to the Ichimoku Cloud (price should be above the cloud for buy signals and below for sell signals) and the normalized Kumo Depth. How to Use Signal Types: The script provides both strong and weak signals. Strong signals are accompanied by high volume, while weak signals are not. Strong buy signals are indicated with a green triangle at the top, strong sell signals with a red triangle at the bottom. Weak signals are shown as blue and yellow circles, respectively. Trend Strength: The trend strength is shown by the normalized Kumo Depth. The greater the Kumo Depth, the stronger the trend. Timeframes: You can customize the timeframes used for the calculations in the input settings. Adjustments: Users can adjust parameters such as the Ichimoku settings, Stochastic Oscillator settings, timeframes, and Kumo Depth settings to suit their trading style and the characteristics of the asset they are trading. This script is a complete trading strategy tool providing multi-timeframe, trend-following, and volume-based signals. It's best suited for traders who understand the concepts of trend trading, stochastic oscillators, and volatility measures and want to incorporate them all into one powerful, comprehensive trading strategy.
Pine Script™ indicator
by ichimokucorner
1
TSI in Dynamic Zones with Divergence and Pivot PointsTrue Strength Index , or TSI is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the TSI oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, General Trendlines , Fib Retracements etc. Your chart is approaching a very important Resistance Trendline but the TSI shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed through and becomes Support in the future. What are those circles? -These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish. What are those triangles? - These are Pivots . They show when the TSI oscillator might reverse, this is important to know because many times the price action follows this move. What are these blue or orange areas? - Those are dynamic zones. For the analysis of the TSI its important to know if the indicator is in a state of oversold or overbought to filter out ranging price movement. Normally those zones are static, in this version of the TSI oscillator dynamic zones were added to show a dynamic calculation whether the TSI oscillator is oversold, overbought or ranging. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Pine Script™ indicator
by AdonisWerther
23
MM NINJA OSCThe MM Ninja is a a 2-1 oscillator with the Smoothed Mac-D and the MM Ichimoku turned into an oscillator. - Plots Divergence - QQE Trailing stop - Pullback Alarms (reversals/with trend) - Alarms for all functions How to use- Line the signal given with the MM Sensei Ichimoku for confirmation of trade to measure momentum Use the Pullback function to get into pullbacks of a trend or maybe find reversals of a trend The trailing stop can also be used to confirm a continuation of a trend or the exit of one once the signal lines cross it. Link below or PM us for access to this indicator Happy Trading
Pine Script™ indicator
by MoneyMovesInvestments
Ichimoku by HosodaWritten from scratch Ichimoku indicator, based on original calculations from Hosoda books. All formulas are exactly the same as Hosoda put them in his books, it contains additionally analysis from Higher Timeframe allowing to display Chikou trend, Kijun and Senkou-span B which are crucial in determining trend. It also contains overlay of Kyushu Legs. This is initial version of script and will be contanstly improved. Some Ichimoku scripts have basic bugs in calculations and I ensure that formulas in this indicator are fully correct in relation to formulas provided by Hosoda.
Pine Script™ indicator
by skyline-trader
20
ZenTrading MTFA Trend TerritoryBetaversion This is a multiple timeframe analysis script using ichimoku that checks where price (close) is on different timeframes. Green : Price is in bullish territory Orange : Price is in consolidation Red: Price is in bearish territory. The script looks at 15 min, 1 Hr, 4 HR, D, W, M timeframes. Not all will be relevant (depending on trading timeframe and on asset). Possible to toggle timeframes on and off (15 min and M timeframes may not be relevant for the asset or timeframe you trade on, switch them off for a cleaner chart)
Pine Script™ indicator
by DariusZen
Cyatophilum Ichimoku Oscillator [BACKTEST][STRATEGY]An Automated Strategy based on Ichimoku Cloud. Works on any timeframe and market. Backtest is done using the largest period TradingView has to offer for 1H. Net profit is calculated using the Strategy Tester, with only long entries at Green triangles and exits at red triangles. Profit can be greater if you short Sell signals (red triangles). Commission used is 0.05%. This strategy is on my website. You can get access if you purchase the Cyatophilum Indicators. blockchainfiesta.com The Alert Setup version is here :
Pine Script™ strategy
by cyatophilum
3
Kijun-Sen Strength Analyzer 基準線The Kijun-Sen Strength Analyzer 基準線 is included in the Richimoku Traiding System. The Kijun-Sen Strength Analyzer (Indentify divergences. Know First. Act Faster. A must-have for every Ichimoku trader) *As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time). You'll never see such thing in the Richimoku Trading System. What's on the charts is displayed in real time, no cheating... Feel free to test the Kijun-Sen Strength Analyzer 基準線 or the Richimoku Trading System For 12 hours! Study the chart history on all timeframes. Study all details incl. divergences etc. FAQ. How to access the Kijun-Sen Strength Analyzer 基準線 in tradingview? To access your indicator simply click on “Indicators” at the top of your Chart, and click on “Invite-Only Scripts”. Click on the indicator to activate it. That’s it! Will the the Kijun-Sen Strength Analyzer 基準線 work for Stock and Index trading? Sure! It works on all Forex, Stocks, Indexes, Metals and Crypto's! Does this indicator work with a free TradingView Account? Yes you can use the Kijun-Sen Strength Analyzer 基準線 or the Richimoku Indicator Trading System with a free TradingView account. Does the indiators work on all timeframes? Yes, the indicators can be used on all time frames!
Pine Script™ indicator
by Ichimoku_Bonanza
17
My Ichimoku indicator & Strategyhello I'm a beginner in trading, but I try to learn how to code strategies. I recoded the Ichimoku indicator, and created my personnal strategy based on it. The backtesting is done from 1/1/2017 to today in 45 min Time Unit for candles, with a 1 000 € equity. The trades are all Long Entries and Exits with no pyramiding, no short trades at all. /!\ Exchanges commission fees are not calculated and can in reality easily divide by 2 the total profit (am I right guys?) /!\ A buy signal is triggered upon these conditions: - close is above the Kuma (cloud) AND - close crosses over Kijunsen AND Kijunsen is not flat (calculated with rising and falling with input "Kijunsen Lag") OR - Close crosses over ChikouSpan AND there was a sell signal in the last 8 candles Sell signal is the same but reversed. I appreciate your feedback ! Maybe I will update this later if I get better results.
Pine Script™ strategy
by cyatophilum
7