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Combo Ichimoku + CDC Action Zone by fukuiz

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This indicator combines the famous indicators Ichimoku and CDC ActionZone.

#A brief introduction to Ichimoku #

The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.

#A brief introduction to CDC ActionZone #

CDC ActionZone is a very simple system, utilizing just two exponential moving averages. The 'zones' in which different 'actions' should be taken are highlighted in different colors. Calculations for the zones
They are based on the relative position of price to the two EMA lines and the relationship between the two EMAs.
The CDC ActionZone was developed by Piriya333, a Thai technical analyst.

#How to use #
The basic method for using Ichimoku+CDC ActionZone is to follow the green/red color and the cloud.
Buy condition
-Buy when the bar closes in green and closes above the cloud
Sell condition
-sell when the bar closes in red.

版本注释

Minor fix
-Edit shorttitle.
-Add Buy and Sell signal.

版本注释

Update chart and add some detail.

版本注释

Fix sell signal.

版本注释

#minor update
-Add ATR Trailing Stop
-Change Title and Short title

版本注释

-Change defaults setting
-Edit switch for EMA
-Edit switch for ATR
-Remove some code

版本注释

Minor fix