Cloud breakout is an enhancement of TradingView's built-in Ichimoku Cloud Indicator. By default, only the cloud is visible. The other Ichimoku lines can be toggled on if needed. This indicator focuses on the breakout of the Kumo cloud. An additional simple moving average filter can be added as well.
Breakout Condition 2 candlesticks are part of the breakout condition Candlestick 1: 'open' price is still within the cloud and 'close' price breaks out of the cloud Candlestick 2: 'open' price confirms that candlestick 1 'close' remains as a breakout There are 4 possible breakout conditions: 2 bullish direction moves crossing each senkou span and 2 bearish direction moves crossing each senkou span Note: ranging markets will cause false breakouts, so a moving average is integrated to help filter this out
Moving Average Integration A simple moving average can easily be toggled on/off to filter out cloud breakout signals The SMA length and color can be adjusted in the settings
Alerts There are 2 alert options: bullish or bearish Alerts will confirm if the Moving Average Integration is activated
To add to your chart simply search for the title "BigBendFX Ichimoku Cloud" in indicators & strategies. If you would like any added features or functionalities, please comment/share below. Be sure to check out our website (link below)!
Thank you!
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Added an extra signal filter the check short term trend of previous candlesticks
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Conversion and Baseline Condition Integration Alert for Conversion/Baseline Cross
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New feature: Pip Gap. An alert can be created when the gap between the Baseline (Kijun-sen) price level and close price becomes greater than the user-defined pips amount. This accounts for JPY pairs, just make sure to check the box so that the conversion to pips works properly.
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New alert configuration: an alert can now be set up for when price makes a clean break through the Kumo Cloud without any consolidation.
Hi. I really like this indicator and use it with currrency strength to confirm the breakout has enough enrgy and it works very well. The only problem is that I need break up, break down and passthrough for each chart so each chart uses 3 of my 20 alerts. Please is it possible to add an option to combine them into a single alert - I can easily look at the chart to see if it's an up or down move. Thanks for the effort - it's a great indicator and almost exactly what i have been looking for...
Cylastrading
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Hi is it possible to add the option "lagging span AND price breakout" Thanks