TradingView
CoryTee
7 Th06 2018 04:21

CoryT's Noro's Ichimoku 

Bitcoin / U. S. DollarKraken

Mô tả

A few months ago I took Noro's Ichimoku Cloud and used the AV bot template to throw stops on it. I took some code from JustUncleL
to make it not so hideous. Trailing Stops are turned off, stop losses are turned off (you really don't need them with this), and this is currently a Long/Short strategy, the Longs Only and Shorts Only options are broken right now, I'm tired and you guys can either fix it yourselves or deal with it like this for now.

Hint: If you wanna use this as a long-only strategy just have AV close your buy orders whenever a short is triggered.

Phát hành các Ghi chú

Something always bugged me about Noro's Ichimoku Strategy. Every trader that uses the cloud knows that the default cloud settings are

Tenkan Sen or Conversion Line Periods: 9
Kijun Sen or Base Line Periods: 26
Senkou Span B or 2nd Leading Line Period: 52
Chikou Span(Lagging Line)/ Senkou Span A/B(Leading Lines) Displacement: 26

Or more concise 9/26/52/26 and the crypto settings are 20/60/120/30. I don't think that Noro knew about the crypto settings for the cloud because what bugged me about his cloud was it only allowed for the first 3 settings 9/26/52.

I never really gave it another thought until I started to compare CryptoWatch charts next to my TradingView charts and noticed that my clouds on TradingView we being drawn about 2x as far into the future as on CryptoWatch.

Taking a look into the Trading View public library to see how they computed the cloud I noticed that the code is almost exactly the same as Noro's except that instead of having a separate variable for the leading/lagging spans' displacement, Noro was using the Base Line Period for the displacement.

Knowing this it is obvious why my clouds on the TradingView charts are being plotted twice as far into the future, using the crypto settings of 20/60/120 on Noro's original script will use the Base Line Period of 60 instead of the widely used 30. So it was using 20/60/120/60

This problem will only affect people who are using the "Cloud Strategy" and who are using a displacement value different from the Kijun-Sen(Base Line) period; without the cloud strategy Noro's Ichimoku Strategy only uses the Kijun-Sen (Base Line) to make buying or selling decisions along with some other non-cloud related indicators(the body/color filter).

Using the correct crypto optimized settings more than doubles the returns over the last year just from my light experiments I leave this as an exercise for the curious trader.


Want to learn more about the Ichimoku Kinko Hyu? Check out the free Ichimoku Cloud E-book

Keep your eyes peeled on this script I plan on implementing more Ichimoku signals soon.

O yeah I also disabled trailing profit by default sorry for the minor inconvenience.
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nnnaaaeee
great work!
altheg
Hey Cory! Amazing work! I'm gonna use it with Moonbot. Will trade USDT pairs. Pm me if you're interested to see real test results.
AlgoScalping
@altheg, hi there!! how did it go with CoryT's Noro's Ichimoku / Moonbot?
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