Ichimoku-Hausky_v2.1 — Indicator by Hausky

ichimokuclouds cloud trading system crossover

Made a little update to my trading system. This system is made so that you can easily follow the trend and know when to get out. You still have to know basic market structure to find a good entry.

NB!! I see that i placed the entry wrong on the example, you have too wait for the EMA to go below the MA :)
I have posted the right one at the bottom.

Take profit can be set at last low or you can use trail stop on the EMA, MA, Kijun-sen or Tenkan-sen.

Example rules:

Buy:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed above cloud
IF price has closed above cloud
THEN see if EMA has crossed above MA
IF EMA has crossed above MA
THEN buy or wait for pullback

Sell:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed below cloud
IF price has closed below cloud
THEN see if EMA has crossed below MA
IF EMA has crossed below MA
THEN buy or wait for pullback

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//Created By User Hausky

study(title="Ichimoku-Hausky_v2.1", shorttitle="Ichi-Hausky_v2.1", overlay=true)
turningPeriods = input(18, minval=1, title="Tenkan-Sen")
standardPeriods = input(52, minval=1, title="Kinjun-Sen")
EMA  = input(45, minval=1, title="EMA")
MA  = input(104, minval=1, title="MA")
sts = input(true, title="Show Tenkan-Sen")
sks = input(true, title="Show Kinjun-Sen")

//Definitions for Tenkan-Sen, Kinjun-Sen
donchian(len) => avg(lowest(len), highest(len))
turning = donchian(turningPeriods)
standard = donchian(standardPeriods)


//Plot Kijun-sen and Tenkan-sen
plot(sts and turning ? turning : na, title = 'Tenkan-Sen', linewidth=2, color=green)
plot(sks and standard ? standard : na, title = 'Kinjun-Sen', linewidth=2, color=blue)

//Definitions for EMA
fPivot = ((high + low + close)/3)
fEMA    = ema(fPivot, EMA)

//Definitions for MA
cMA = sma(close, MA)

//Plot EMA and MA cloud
p1=plot(fEMA, color=fuchsia, title="EMA", linewidth=2)
p2=plot(cMA, color=orange, title="MA", linewidth=2)

//Fill
fill(p1, p2, color=blue, transp=75)