jamc

Ichimoku_on_steroids v 1.0 (Scalper's) OL

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1209
Again, ichimoku based signal generator, this time using the Kijun-sen (Base line) and the Tenkan-sen (Conversion line) to assess price action.

Works best on timeless charts (e.g. Point & Figure, Renko's, ...).

Use with caution !! ... or with very small TP targets !!
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
study("Ichimoku_on_steroids v 1.0 (Scalper's) OL", overlay=true)

varLo = input(title="Fast (Conversion) Line", type=integer, defval=9, minval=1, maxval=99999)
varHi = input(title="Slow (Base) Line", type=integer, defval=26, minval=1, maxval=99999)
emafreq = input(title="Ema on price frequency", type=integer, defval=2, minval=1, maxval=99999)

a = lowest(varLo)
b = highest(varLo)
c = (a + b ) / 2

d = lowest(varHi)
e = highest(varHi)
f = (d + e) / 2

//g = ((c + f) / 2)[varHi]
//h = ((highest(varHi * 2) + lowest(varHi * 2)) / 2)[varHi]

z = ema(close, emafreq)

bgcolor(z > c and z > f ? green : z < c and z < f ? red : yellow, transp=70)
plot(z, title="ema on Price", color=black)
plot(c, title="Fast (Conversion) Line", color=green)
plot(f, title="Slow (Base) Line", color=red)

Commenti

great indicator....congrats
how does it work? what are the parameters?
+2 Rispondi
jamc pablohcura
Hi,
All you ever wanted to know about the Ichimoku indicator here :

https://school.stockcharts.com/doku.php?id=technical_indicators%3Aichimoku_cloud

Cheers.
Rispondi
@jamc, Yes, i know ichimku but i ask about the scalping parameters
Rispondi
jamc pablohcura
@pablohcura, ... sorry, dont get your question tbh....
+1 Rispondi
repaint ?
Rispondi
jamc WinstonYT
@WinstonYT, pls try again with a complete sentence.
+7 Rispondi
@jamc, Does the signals repaint ?
+9 Rispondi
@jamc, what parameters do you use for the scalper version??
Rispondi
jamc pablohcura
@pablohcura, ... same as ichimoku standard parameters.
Rispondi
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