Ichimoku Kinko Hyo and more
I am publishing my updated Ichimoku ++ study with a more suitable title. Future updates will take place with this version.
Description:
The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because the structure of the chart is more difficult to see. The chart should be clear and market structure should be easy to see. The script allows you to add indicators and signals in different visualizations to better assess the quality of signals and the sentiment of the market.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with Fractals and other indicators as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
Description:
The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because the structure of the chart is more difficult to see. The chart should be clear and market structure should be easy to see. The script allows you to add indicators and signals in different visualizations to better assess the quality of signals and the sentiment of the market.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with Fractals and other indicators as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
Release Notes:
I've removed the Ichimoku parameters to reduce the number of options and the fact that the default values are the best. Better change the time frame, but don't change the Ichimoku default parameters.
Bugfix regarding the fractals. Now the fractal period works as it should, and the fractal signals do respond to a change in the fractal period.
A note:
Don't forget to set the scaling to the price, otherwise the chart will be compressed/squeezed unnaturally.
Bugfix regarding the fractals. Now the fractal period works as it should, and the fractal signals do respond to a change in the fractal period.
A note:
Don't forget to set the scaling to the price, otherwise the chart will be compressed/squeezed unnaturally.
Release Notes:
SMA 20 as ending added.
Release Notes:
MA1 and MA2 can now be SMA and EMA, respectively.
Release Notes:
Tooltips added and minor changes.
Release Notes:
Groups added.
Release Notes:
Code updated. Vertical shift for MA1 and MA2 added (creating the Pi cycle "indicator" is possible now). Some more Background signals for Ichimoku indicator added.
Release Notes:
SMA/EMA vertical shift bug fixed.
Release Notes:
Added Kijun on a 2nd higher time frame (higher time frame after next). Line thickness = 3.
Release Notes:
Attributes of some drawn objects Added. Because of output limitations, I can't add more attributes.
Release Notes:
MA 1/2 description revised.
Release Notes:
Script converted to Pine v5.
Release Notes:
Info Panel added.
Ichimoku confluence signal (IB/IS) improved.
Ichimoku confluence signal (IB/IS) improved.
Release Notes:
Code updated (signals textcolor).
Release Notes:
Fixed strange behavior (since a few weeks) of "Ichimoku endings".