KryptoNight

Ichimoku Kinko Hyo Cloud - no offset - no repaint - strategy

Ichimoku Kinko Hyo Cloud - no offset - no repaint - RSI filter - strategy

The indicator contains both the standard Ichimoku Cloud, as well as the one without the visual offset.

The Strategy Tester indicates good backtest results when the Ichimoku Cloud is paired with the RSI.
However, it seems it likes to work more as a standalone system.

The indicator can be easily converted to the study() mode by commenting/uncommenting a few lines,
then the alarms can be configured.

There are entry and exit signals ready to be used by the alert system.

The coloring of the cloud without offset contains all 3 conditions: Uptrend, Downtrend, Transition.

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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.

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