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. 🚀
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e testarlo. Complimenti all'autore! Puoi usarlo gratuitamente, ma il riutilizzo di questo codice nelle pubblicazioni è disciplinato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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