Ichimoku-Hausky_v2.1
Made a little update to my trading system. This system is made so that you can easily follow the trend and know when to get out. You still have to know basic market structure to find a good entry.
NB!! I see that i placed the entry wrong on the example, you have too wait for the EMA to go below the MA :)
I have posted the right one at the bottom.
Take profit can be set at last low or you can use trail stop on the EMA, MA, Kijun-sen or Tenkan-sen.
Example rules:
Buy:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed above cloud
IF price has closed above cloud
THEN see if EMA has crossed above MA
IF EMA has crossed above MA
THEN buy or wait for pullback
Sell:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed below cloud
IF price has closed below cloud
THEN see if EMA has crossed below MA
IF EMA has crossed below MA
THEN buy or wait for pullback
NB!! I see that i placed the entry wrong on the example, you have too wait for the EMA to go below the MA :)
I have posted the right one at the bottom.
Take profit can be set at last low or you can use trail stop on the EMA, MA, Kijun-sen or Tenkan-sen.
Example rules:
Buy:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed above cloud
IF price has closed above cloud
THEN see if EMA has crossed above MA
IF EMA has crossed above MA
THEN buy or wait for pullback
Sell:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed below cloud
IF price has closed below cloud
THEN see if EMA has crossed below MA
IF EMA has crossed below MA
THEN buy or wait for pullback
//Created By User Hausky study(title="Ichimoku-Hausky_v2.1", shorttitle="Ichi-Hausky_v2.1", overlay=true) turningPeriods = input(18, minval=1, title="Tenkan-Sen") standardPeriods = input(52, minval=1, title="Kinjun-Sen") EMA = input(45, minval=1, title="EMA") MA = input(104, minval=1, title="MA") sts = input(true, title="Show Tenkan-Sen") sks = input(true, title="Show Kinjun-Sen") //Definitions for Tenkan-Sen, Kinjun-Sen donchian(len) => avg(lowest(len), highest(len)) turning = donchian(turningPeriods) standard = donchian(standardPeriods) //Plot Kijun-sen and Tenkan-sen plot(sts and turning ? turning : na, title = 'Tenkan-Sen', linewidth=2, color=green) plot(sks and standard ? standard : na, title = 'Kinjun-Sen', linewidth=2, color=blue) //Definitions for EMA fPivot = ((high + low + close)/3) fEMA = ema(fPivot, EMA) //Definitions for MA cMA = sma(close, MA) //Plot EMA and MA cloud p1=plot(fEMA, color=fuchsia, title="EMA", linewidth=2) p2=plot(cMA, color=orange, title="MA", linewidth=2) //Fill fill(p1, p2, color=blue, transp=75)