Fibonacci Bands work like a cross between Bollinger Bands and Ichimoku clouds.
The upper Fib band is the 61.8% band, the middle Fib band is 50% band and the lower Fib band is the 38.2% band. It also has a forward projection inspired by Ichimoku clouds.
You do have the option of enabling the 100% and 0% bands within the options.
This is the initial release of the...
Plots when the bull/bear Ichimoku signals occur on the chart. The signals it plots are found here: www.ichimokutrader.com
In order from top to bottom it plots the signals as:
- Lagging-Line Cross
- Kumo Twist
- Baseline Cross
- Kumo Breakout
The colours on the plot indicate:
--- Bullish ---
- Light Green: Weak
- Medium Green: Neutral
Ichimoku Clouds with Keltner Channel is perfect for margin trading... I use the Ichimoku to identify tendencies, Keltner use the ichimoku clouds and not open LONG if the position of clouds is upper or SHORT if clouds is lower.
Estratégia básica com Ichimoku Clouds. Mais para fins de estudos. Foi um dos primeiros Pine Scripts que escrevi, então a há muito o que melhorar no código.
Basic Strategy using Ichimoku Clouds, developed for studying purpose. It was one one my first Pine Scripts codes, so yet there is a lot to improve on it.
For use whenever you would use an Ichimoku Indicator.
This indicator will print buy and sell signals when the following conditions are met - note all parameters for ichimoku, volume sma, etc are configurable
Price is above cloud
Tenkan-sen is above Kijun-sen
Volume is double or more than 20 sma volume
Volume is less then four times 20 sma volume
Been a while since I posted anything that didnt require approval to use -- so here is one that I really like
I call it 420_osc
essentially it is a volume weighted moving average cross that also take into account some log() filtering and some other cumulative summing
This also has a BBand shrinkage indicator (blue crosses at bottom) to see when the b...
I very much like the Ichimoku approach but don't like all the lines on the chart so usually only use the Clouds. Here is one way to keep track of one aspect of the Ichi method without the chart clutter, namely these paint bars calculated as follows:
The 9 bar donchian > 26 bar donchian = up color;
The 9 bar donchian < 26 bar donchian = down...
I have made this script wishing a higher gain,
Originally, this strategy is taken from Ichimoku Kinko Hyo
ChinkouPro crossing with price is giving a clear opportunity.
Review it, master it, work it.
Thanks Chris Moody !
Here are my changes, I looked at comments on the original page.
Thinner default lines, changed colors
Added options to add two extra Kijun with their own periods, useful to check resistance/support lines on different scales
Decreased height of arrows