This indicator is very useful but the ichimoku settings should really be the traditional 9/26/52/26/26. It's fixed by Goichi Hosada (Founder of Ichimoku) for a reason.
"The three numbers he made as the basis for ichimoku were 9, 17 and 26.
So the idea that the reason why the Kijun was set to 26 periods had to do with the former 6 day Japanese trading week is false.
The kijun was set to this measurement, along with the tenkan – based on his findings."
Love the indicator by the way! Thanks
alliez
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@ivanchin99, thanks for the insight! The reason why these parameters were chosen was to better fit the settings of most people who trade crypto for convenience. I will keep your comment in mind next time I make an update!
bhavinpbhatt
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What is the number 1-6 indicates on Right side of it?
What is the significance of 1-6 Rows?
Korniasz
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This is really great! Great job! How to turn in the red and green bars on the chart?
"The three numbers he made as the basis for ichimoku were 9, 17 and 26.
So the idea that the reason why the Kijun was set to 26 periods had to do with the former 6 day Japanese trading week is false.
The kijun was set to this measurement, along with the tenkan – based on his findings."
Love the indicator by the way! Thanks