This Indicator enhances functionality of Chikou-Span from Ichimoku Cloud using a simple trend filter.
Methodology
Chikou is basically close value of ticker offset to close and it is a good for indicating if close value has crossed potential Support/Resistance zone from past. Chikou is usually used with 26 period.
Chikou filter uses a lookback length...
The Ichimoku Clouds strategy has been one of my favorite scripts to work with since I came across it a few months ago, so I thought I'd share one of the automated features I created for the strategy.
For the purpose of this script, I'll only explain the Chikou Span aspect of it since there are plenty of other explanations about Ichimoku Clouds.
The Chikou Span is...
The market consists of three phases: an uptrend phase, a downtrend phase, and a range-bound phase.Furthermore, if we include a trend phase and a correction phase, the market has five phases. In other words, the market is classified into the “five phases” as below:
1) Uptrend market (trend phase, upward bias)
2) Downtrend market (trend phase, downward bias)
3)...
The Span Model is a very unique chart which shows us especially when to buy and when to sell. And the Span Model has advantage in judging the trade timing.
スパンモデルとは、いつ買うか、いつ売るかを教えてくれるとてもユニークなチャートです。とりわけ、トレードのタイミングを判断する上で優れています。
The Span Model is composed of only three lines (spans).
They are the Blue Span, the Red Span and the Chikou Span.
And a major...
