Ichimoku Clouds Strong Bullish/Bearish signals and alerts

2020年3月22日

Ichimoku Clouds Strong Bullish/Bearish signals with allerts

The Ichimoku cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. 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.

We provide you easy-to-use script which helps to decrypt meaning of lines in the indicator. The script takes Ichimoku clouds indicator formulas to calculate Tenkan, Kijun, SenkouA, SenkouB values and examines them in order to produce buy ( Bullish ) and sell ( Bearish ) signals which are displayed at the chart

The most appropriate time frame is 30m

Custom alerts are added to send you a notice with a webhook when bullish or bearish signal arrives.

You can easily add weak and neutral signals alerts by removing "//" in a specified place

Feel free to copy and use this script for your ideas and trading. You can modify the script by adding Parabolic SAR in order to increase accuracy of positions closure

2024年1月19日

版本注释

Key upgrades and enhancements made to the original script, transforming it into the final version:

Additional Display Options for Ichimoku Lines:

• Introduced individual toggle options for displaying each of the Ichimoku lines: Tenkan, Kijun, Senkou A, Senkou B, and Chikou.
  
• Added separate options to control the display of displaced Senkou A and B lines.
  

Enhanced Signal Strength and Direction Control:

• Implemented dropdown menus to filter signals based on their strength (Strong, Weak, Neutral) and direction (Bullish, Bearish).
  
• Modified the signal calculation logic to incorporate these user-selected filtering options, allowing for more tailored analysis.
  

Improved Visualization and Customization:

• Adjusted the script to use labels instead of shapes for signals, offering more flexibility in positioning and avoiding direct modifications to price levels.
  
• Provided a mechanism for custom vertical offset adjustments, enabling better control over the visual placement of labels relative to the bars.
  

Color Transparency and Aesthetics:
Updated the script to use color.new() for defining transparent colors, particularly for filling between Senkou A and B lines, enhancing the visual appeal and clarity.

Robust and User-Friendly Design:
The script was revised to be more user-friendly, with clear options for customization and display, making it adaptable to different trading styles and preferences.

Adherence to Pine Script Standards:
Ensured that all modifications and enhancements adhere to the latest Pine Script v5 standards and practices, including resolving any syntax or deprecated feature issues.

These upgrades transformed the original Ichimoku Clouds script into a more versatile and user-customizable tool, aligning it more closely with specific trading strategies and user preferences.

2024年1月19日

版本注释

Renamed it to Indicator, strategy comes soon :)

1月31日

版本注释

What’s New in v3
1. Pine Script Upgraded:
- Migrated from Pine Script v5 to v6.

2. Single-Entry/Single-Exit Logic:
- Introduced a full trade state machine (variables for inTrade, entryPrice, exitPrice, etc.).
- Script now allows only one position at a time.

3. Time Window Filter:
- Added configurable Start/End Date and Time to restrict when trades can occur.

4. Separate Ichimoku Settings for Entry & Close:
- Two distinct sets of Ichimoku calculations/inputs:
Entry Ichimoku (for signals that open trades)
Close Ichimoku (for signals that exit trades)

5. Combined Signal Logic (ALL/ANY):
- User can choose to require “ALL” signals to align or allow “ANY” single condition to trigger an Entry or Close.

6. Position Modes:
- Removed Long, Short, Both position mode, now user can define it in a flexible way by selecting entry and close conditions

7. Integrated Stop-Loss & Take-Profit (Intrabar):
- Optional SL/TP in percentage terms; triggers are checked intrabar.
- Once triggered, the trade automatically exits.

8. Backtesting Statistics Panel:
- A floating label displays net PnL percentage, total trades, wins/losses, average trade duration, and more.

9. New Alert Conditions:
- Entry Alert and Close Alert for automated trade execution or bot integration.

10. Ichimoku Helper (Legacy Plots & Signals):
- Legacy lines (Tenkan, Kijun, Senkou A/B, Chikou) can still be plotted independently.
- Original signals (Strong/Neutral/Weak Bullish/Bearish) remain available as helper signals/alerts.
- Added settings to filter helper signals by strength and direction.

11. Enhanced Code Structure & Organization:
- Modularized functions for signal checks, array logic, SL/TP calculations, and label generation.
- Improved readability and maintainability.

These updates significantly expand functionality, making the script suitable not only for visual Ichimoku analysis but also for automated or semi-automated trading strategies.