OPEN-SOURCE SCRIPT
Bollinger Bands & Ichimoku Cloud (Golden Ratio Based)
Bollinger Bands & Ichimoku Cloud (Golden Ratio Based) – TradingView Indicator
This unique indicator blends Bollinger Bands and Ichimoku Cloud with the Golden Ratio (1.618) to enhance trend analysis, volatility measurement, and support/resistance identification.
🔹 Features & Concept:
✅ Golden Ratio Integration: Uses 1.618 as a dynamic multiplier for Bollinger Bands and Ichimoku periods, adding a natural market rhythm.
✅ Enhanced Bollinger Bands: Dynamically adjusts volatility levels using the Golden Ratio, offering a refined view of price deviations.
✅ Modified Ichimoku Cloud: Adapts Tenkan-Sen, Kijun-Sen, and Senkou Span B calculations using Fibonacci-based periods for trend confirmation and cloud structure.
✅ Strong Confluence: Combines volatility (BB) and trend momentum (Ichimoku) to identify high-probability trading setups.
✅ Customizable Settings: Easily modify lengths, sources, and displacement values to suit different trading strategies.
📊 How to Use It?
🔸 Breakouts & Trend Strength: Price breaking above/below the Bollinger Bands alongside Ichimoku confirmation signals strong momentum shifts.
🔸 Dynamic Support & Resistance: Bollinger Bands and the cloud provide evolving price reaction zones.
🔸 Trend Confirmation: A green Ichimoku cloud with price above BB middle suggests an uptrend, while a red cloud with price below BB middle signals a downtrend.
Ideal for traders looking to combine volatility and trend indicators with a Fibonacci-based approach to enhance precision and decision-making. 🚀
This unique indicator blends Bollinger Bands and Ichimoku Cloud with the Golden Ratio (1.618) to enhance trend analysis, volatility measurement, and support/resistance identification.
🔹 Features & Concept:
✅ Golden Ratio Integration: Uses 1.618 as a dynamic multiplier for Bollinger Bands and Ichimoku periods, adding a natural market rhythm.
✅ Enhanced Bollinger Bands: Dynamically adjusts volatility levels using the Golden Ratio, offering a refined view of price deviations.
✅ Modified Ichimoku Cloud: Adapts Tenkan-Sen, Kijun-Sen, and Senkou Span B calculations using Fibonacci-based periods for trend confirmation and cloud structure.
✅ Strong Confluence: Combines volatility (BB) and trend momentum (Ichimoku) to identify high-probability trading setups.
✅ Customizable Settings: Easily modify lengths, sources, and displacement values to suit different trading strategies.
📊 How to Use It?
🔸 Breakouts & Trend Strength: Price breaking above/below the Bollinger Bands alongside Ichimoku confirmation signals strong momentum shifts.
🔸 Dynamic Support & Resistance: Bollinger Bands and the cloud provide evolving price reaction zones.
🔸 Trend Confirmation: A green Ichimoku cloud with price above BB middle suggests an uptrend, while a red cloud with price below BB middle signals a downtrend.
Ideal for traders looking to combine volatility and trend indicators with a Fibonacci-based approach to enhance precision and decision-making. 🚀
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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 publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.