{INDYAN} Ichimoku for Intraday
Its based on ichimoku, i removed cloud and mod some changes for better use in intraday trading. It can be used in stocks and index as well.Not tested on MCX and Forex.
Just watch at crossover of tenkan and kijun that RSI macd is above 60 and zero or not? If all three parameters meet go for long... exit when again another cross happen or rsi go below 40.for sell side watch for rsi below 40 and macd below zero line while crossover of kijun tenkan.
Better to use it with RSI+Macd Fast to get more accurate results.
#for better confirmation look value of VWAP and decide accordingly
Do back test before using it.
Happy Trading
Love INDyAN
#change line color as per ur wish but value should be same as it was default entered.
Just watch at crossover of tenkan and kijun that RSI macd is above 60 and zero or not? If all three parameters meet go for long... exit when again another cross happen or rsi go below 40.for sell side watch for rsi below 40 and macd below zero line while crossover of kijun tenkan.
Better to use it with RSI+Macd Fast to get more accurate results.
#for better confirmation look value of VWAP and decide accordingly
Do back test before using it.
Happy Trading
Love INDyAN
#change line color as per ur wish but value should be same as it was default entered.
Versionsinformation:
Added BUY/SELL and Take Profit for better understanding. Also plotted vwap and supertrend for better confirmation.
Versionsinformation:
Updated Alert
Now just select ANY ALERT FUNCTION CALL from alert
and it will fire alert for Buy Sell and Take Profit
No need to add alerts separately for each condition
Now just select ANY ALERT FUNCTION CALL from alert
and it will fire alert for Buy Sell and Take Profit
No need to add alerts separately for each condition