Ichimoku Fibonacci HybridHey guys, this is a variation of Ichimoku using Fibonacci principles.
Overview
As you may know, Ichimoku uses in its calculations (high + low)/2 to calculate Tenkan-sen (Conversion line) and Kijun-sen (Base line) for different periods: Tenkan is a shorter period, so it reacts faster to reversals, while Kijun is slower, so it reacts slower, and it is contextually more reliable due to how conservative it is.
Why does the Ichimoku Cloud works? My theory that inspired this indicator is that it works because it looks at 50% retracements from highest point to the lowest point. In other words, Tenkan plots the 50% line between the peak and the trough from the recent period, which has proven to often be a good estimation for retracements. Similarly, Kijun applies the same, but for a longer period*.
However, if we look at Fibonacci retracement, it is often the case that price retracts to those magical percentages: 23.6%, 38.2%, 50%, 61.8%, and sometimes even 88.6% and 78.6%. Why this happens is largely unknown to the academic community, but, empirically, it often seems that these numbers just work.
Therefore, I wanted to apply this principle to Ichimoku calculations, and instead of calculating (high + low)/2, I calculated both (high + low) * 0.382 and (high + low) * 0.618. These lines should provide pessimistic/bearish estimations, and optimistic/bullish estimations, respectively. Naturally, these results in 4 extra lines: a bearish Tenkan/Kijun pair and a bullish Tenkan/Kijun pair.
Therefore, applying this indicator will crowd the chart quite a bit: you have 6 lines on the chart among which 2 of them are the original Tenkan and Kijun lines, and the other 4 are Fib-inspired Tenkan/Kijun lines.
Usage
As with most indicators, usage is subjective to the user and relative to the chart. However, some ways in which this indicator can be used are as follows:
In a strong uptrend, price is typically above both Ichi Kijun and Tenkan. In this case, you can use this indicator to provide you with a new pair of bullish Kijun/Tenkan that provide the same usage as before. Similarly, in a downtrend, the bearish Kijun/Tenkan apply.
Using the new lines, one can apply R/S levels, crossover signals, overbought/oversold areas, price channels, retracement levels, and trend indications.
One may simply use it out of convenience, as it automatically computes potential areas of interest without having to perform manual work.
Please note that because the indicator was so full, I did not keep the Cloud, nor did I keep the Chikou span (Lagging span.) These can be easily implemented, but it would crowd the chart to an extent that it would be difficult to gauge much information. However, I did consider adding them as optional indicators that are disabled by default, and I may potentially do so in the future. For reference, this would help by simply disabling everything else besides the "bullish Ichi" in an uptrend.
Footnotes
* I have heard people referring to Ichimoku Cloud as "a glorified average mean," but, mathematically, I don't believe there is much relationship between MAs and Ichimoku Cloud. However, I acknowledge the visual similarity between the two and the potential to use both in a similar fashion, so one may interpret this indicator as such if they please.
Komut dosyalarını "ichimoku" için ara
Ichimoku BalaIndicator Overview
The Ichimoku Bala indicator is a modification of the traditional Ichimoku Kinko Hyo indicator that aims to improve its effectiveness in identifying trend reversals and potential trading opportunities. It incorporates additional lines, such as the Senkou Span B--0 line, to provide more nuanced insights into price movements.
Input Parameters
The indicator has several input parameters that allow you to customize its appearance and behavior:
enableReplay: Whether to enable replay mode, which allows you to analyze historical data.
i_date: The date to start replaying historical data.
chiko2: The period for the Chikou Span 78 line.
TenkanShift: The offset for the Tenkan-Sen line.
KinjunShift: The offset for the Kinjun-Sen line.
KumoShift: The offset for the Kumo (Senkou Span A and Senkou Span B) lines.
ChikouSpanShift: The offset for the Chikou Span line.
TenkanPeriods: The period for the Tenkan-Sen line.
KinjunPeriods: The period for the Kinjun-Sen line.
SenkouSpanBPeriods: The period for the Senkou Span B line.
senkouSpanBPeriod: The period for the Senkou Span B--0 line.
AddbasePeriods1: The period for the Direction Line.
DirectionLineShift: The offset for the Direction Line.
AddbasePeriods2: The period for the Quality Line.
QualityLineShift: The offset for the Quality Line.
offset_colour_candle: The offset for coloring the previous candle before the flat start.
Indicator Calculations
The indicator calculates the following lines:
TenkanSen: A moving average of the highest and lowest prices over 9 periods.
KinjunSen: A moving average of the Tenkan-Sen line over 26 periods.
Senkou Span A: The average of the Tenkan-Sen and Kinjun-Sen lines shifted 26 periods forward.
Senkou Span B: The average of the highest and lowest prices over 52 periods shifted 26 periods forward.
Senkou Span B--0: The average of the highest and lowest prices over 52 periods.
It also determines the flatness of the Tenkan-Sen, Kinjun-Sen, and Senkou Span B lines and identifies the start of a flat period.
Indicator Visualizations
The indicator plots the following lines:
TenkanSen: A blue line.
KinjunSen: A red line.
Chikou Span: A green line shifted one period forward.
Senkou Span A: A green line.
Senkou Span B: A red line.
Senkou Span B--0: A gray line.
Direction Line: A blue line.
Quality Line: A red line.
It also colors the previous candle before the flat start according to the type of flat detected:
candleColor: Purple for a flat involving the Tenkan-Sen and Kinjun-Sen lines.
candleColor2: Yellow for a flat involving the Senkou Span B line.
candleColor3: Gray for a flat involving all three lines.
Modifications by Seyedbala
The provided code includes additional modifications by Seyedbala, including:
Adding a parameter offset_colour_candle to control the offset for coloring the previous candle before the flat start.
Modifying the color of the fill between the Tenkan-Sen and Kinjun-Sen lines to #23dde0 for flatStart and color.purple for all other cases.
Modifying the color of the fill between the Senkou Span B line and Kinjun-Sen lines to yellow for flatStart2 and color.yellow for all other cases.
Modifying the color of the fill between the Tenkan-Sen and Senkou Span B lines to gray for flatStart3 and color.gray for all other cases.
These modifications aim to enhance the visual representation of the flat areas and make it easier to identify the different types of flat patterns.
Overall, the Ichimoku Bala indicator is a valuable tool for analyzing price movements and identifying potential trading opportunities. Its modifications by Seyedbala further enhance its capabilities and provide more nuanced insights into market trends.
Ichimoku Cloud Middle LineMiddle Line Ichimoku cloud for my friend and me
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s.
1
It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
Ichimoku ForecastFor Ichimoku lovers
hope you like it
”Ichimoku Kinko Hyo” translates to “one glance equilibrium chart”. The Ichimoku Kinko Hyo indicator is a technical indicator used in the forex market and an exceptional system of analyzing and predicting, which combines several approaches to monitor price fluctuations and identify important support lines and major trends. One of the main advantages of the Ichimoku indicator for forex trading is that it provides a full-fledged chart analysis without additional indicators. With the help of signals, you can easily determine which trend the market is in.
Ichimoku kinko hyo-Full OptionMany Pro-Ichimoku traders insist that we should not change Ichimoku indicator!
However, I've redesigned Ichimoku for more study out of traditional form.
Ichimoku Cloud Score v1.0This script calculates a simple Ichimoku Score based on the signals documented here , with a few additions. Each of the score components can be individually weighted via the script inputs . The output is a plot of the normalized Ichimoku score, in the range of -100 to 100.
This script has been heavily modified from 'Ichimoku Cloud Signal Score v2.0.0 '. Credit to user 'dashed' for the initial implementation.
This has been modified with several refinements:
Clean/Organized Code
Simplified Inputs
Improved Style
Scores normalized to a range (-100, 100)
Bugfixes and Improvements
Script Inputs: i.imgur.com
Ichimoku SentinelThis version of the Ichimoku Cloud features an alarm system helping you to catch entry and exit points and get warnings when you have to act to secure your profit.
Only relevant alerts will be triggered. For instance, if you're in a uptrend there will be alerts only when the Price crosses down Tenkan, not when crossing up.
Also, the frequent Tenkan-Kijun-Price-crossovers which occur when the price is hovering in the cloud will also not trigger alerts.
There is a warning alert when the price is approaching the cloud which is an early sign that the end of the trend is near.
You can define this warning distance to the cloud in the settings.
Conditions for long entry are the traditional triple:
- Price and Chikou-Sen above Cloud
- Chikou-Sen above Price
- Tenkan-Sen above Kijun-Sen
For Short Entries accordingly.
For Exit alerts you can chose between these options:
a) Price crosses Kijun (default)
b) Tenkan crosses Kijun
c) Price crosses Tenkan
Barcoloring : Green candles when above cloud (considered an uptrend), red when below (downtrend) and orange when within the warning distance from the cloud (consolidation)
Ichimoku Cloud OscillatorThe script looks at how far the price is below or above the ichimoku cloud, and publishes an oscillator.
Low or high oscillator values are indicative of reversals, to assist with long or short entry decisions.
Ichimoku with Waves Created in 1940's by Goichi Hosoda withe the help of University students in Japan.
Ichimoku is one of the best trend following indicators that works nearly perfect in all markets and time frames.
Fill price in setup of indicator and you will find potential target zone of the wave
Ichimoku by TESA script created to indentify all the trading signals for Ichimoku cloud trading.
You can trade the following:
- Kumo breakout
- LONG positions, shown by "L" in 3 different signal strengths. Red = weak, Yellow = medium and Green = Strong trade
- SHORT positions, shown by "S" in 3 different signal strengths. Red = weak, Yellow = medium and Green = Strong trade
Happy trading
Ichimoku cloud clustersThe intention of this script is to get a quick and redundant overview of Ichimoku clouds of relevant time frames to spot clusters as strong support and resistance levels.
The script displays the Ichimoku cloud of the current time frame and the clouds of the supported higher time frames. Clouds of lower time frames are not displayed.
Ichimoku Strategy with Buy and Sell ZonesIchimoku strategy with Buy and Sell Zones basicly using Ichimoku Cloud
Tenkan-sen (Conversion Line): (9-period high + 9-period low)/2
On a daily chart, this line is the midpoint of the 9-day high-low range, which is almost two weeks.
Kijun-sen (Base Line): (26-period high + 26-period low)/2
On a daily chart, this line is the midpoint of the 26-day high-low range, which is almost one month.
Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2
This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as “Leading” because it is plotted 26 periods in the future and forms the faster Cloud boundary.
Senkou Span B (Leading Span B): (52-period high + 52-period low)/2
On the daily chart, this line is the midpoint of the 52-day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but it can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary.
Chikou Span: Represents the closing price and is plotted 26 days back.
Kumo Cloud: Kumo cloud between Senkuo Span A and Senkou Span B lines. It can be green or red. Color can be change with the trend.
And, it has 2 zones includes Buy and Sell Zone
For Buy Zone Alert;
- Tenkansen (Conversion Line) should crossover Kijunsen (Base line) above the highest line of cloud
- Price should be above the highest line of cloud
- Chikouspan should be above the cloud
For Sell Zone Alert:
- Kijunsen (Base Line) should crossover Tenkansen (Conversion Line) below the lowest line of cloud
- Price should be below the lowest line of cloud
- Chikouspan should be below the cloud
The indicator has some of Simple Moving Averages and Exponentianl Moving Averages
It includes:
- SMA 50
- SMA 200
- EMA 21
- EMA 500
You have chance to show or hide everything from settings section.
If you hide everything you can only see Buy and Sell zones.
Ichimoku Cloud + keltner channel + SMMAa combo of
Ichimoku Cloud + keltner channel + SMMA
have fun, come up with your strategy
Ichimoku Cloud (for 1 hour period)Simple modification of standart Ichimoku Cloud indicator. Special for 1 hour period.
ICHimoku with ema cross and mostthis is for free users, ichi and most and 20-55 volumeweighted ma
//ichimoku
doubled original one for better results, only use cloud and kijun, unclick others
//most
its a good trailing stop loss indicator, please select 8 to 1 in settings for good results and vwma
how to use it: when most is green buy slowly
when most is fuschia sell and wait untill turn to green
its very useful indicator all time frames
//ema cross
i always use ema 20 and ema 55 for godd results
please use 4h or 8h not to have too mant entry and exit otherwise u can miss the trends
Ichimoku OverlaysHello!
Here is a script I wrote awhile ago. Basically the Ichmoku Overlays script takes the Ichimoku Cloud indicator and adds 4 timeframes to it.
Timeframes include multiples of 1, 3, 5, 10, 15. So basically if your interval timeframe is set to 1D you will see 1D, 3D, 5D, 10D, and 15D clouds. If you TF is set to 1m you will see 1m, 3m, 5m, 10m, 15m, etc.
The specific timeframe visibility can be set on/off in settings.
The purpose of this script is to show support/resistance zones in areas you might not see if you don't have the correct timeframe on.
Please feel free to PM me if you have any questions or suggestions!
Tips are welcome and can be sent to:
- BTC : 34dGv2EAxJ7HVpoAZHXg8RDKaX7KGCVUUW
- EOS : jwlondon1234
Enjoy!
Ichimoku & 2 BB & Multi MA (Ribbon) by Theo ParkThis indicator contains :
Ichimoku
2 Bollinger Bands
6 Moving Averages
and multiple Ribbon MAs.
Ichimoku for Buy and Sell signalThis indicator coded base on Ichimoku source. Support signal for Buy and Sell signal. Only follow the color of Ichimoku and the signal buy and sell. Only use for Cryptocurrency Market
Ichimoku + Death/Golden Cross + MAsSwiss-army knife indicator for traders. Renders Ichimoku and MAs (short term and long term). Also points Death Cross and Golden Cross formations on 5/10 MA.