IchiEMA Prime is a brand new type of moving average that combines several attributes from several successful trading systems.
At it's core, its provides a highly reactive Ichimoku Baseline as the centerline which is then wrapped in price bands based on ATR, standard deviations, and the golden ratio (1.618) and golden pocket (.618/6.5) ratios.
The script has been tuned for all timeframes, and creates more signals on lower timeframes, and the signals get more powerful as they are applied to higher timeframes.
This script is meant to be used within a system and in combination with the PRIME series of indicators.
SignalFI was created to help traders and investors to effectively analyze the market based on the Golden Mean Ratio (Fibonacci numbers), plan a trade and ultimately execute it. To help inform and educate market decisions we developed a set of Trading Indicators which are available on TradingView.
SignalFI indicators are just that, indicators. Our indicators are generally configured to use completely historical data (negating repaint), and we advise all alerts created with SignalFI indicators to be fired upon "close" of the current candle. Our indicators can provide valuable context and visualization support when performing market analysis and executing buy and sell decisions. However. we are not financial experts, and all information presented on this site or our other media outlets are for educational purposes only.
For subscription information, visit www.signalfi.net and follow us on twitter: @signalfi_
At it's core, its provides a highly reactive Ichimoku Baseline as the centerline which is then wrapped in price bands based on ATR, standard deviations, and the golden ratio (1.618) and golden pocket (.618/6.5) ratios.
The script has been tuned for all timeframes, and creates more signals on lower timeframes, and the signals get more powerful as they are applied to higher timeframes.
This script is meant to be used within a system and in combination with the PRIME series of indicators.
SignalFI was created to help traders and investors to effectively analyze the market based on the Golden Mean Ratio (Fibonacci numbers), plan a trade and ultimately execute it. To help inform and educate market decisions we developed a set of Trading Indicators which are available on TradingView.
SignalFI indicators are just that, indicators. Our indicators are generally configured to use completely historical data (negating repaint), and we advise all alerts created with SignalFI indicators to be fired upon "close" of the current candle. Our indicators can provide valuable context and visualization support when performing market analysis and executing buy and sell decisions. However. we are not financial experts, and all information presented on this site or our other media outlets are for educational purposes only.
For subscription information, visit www.signalfi.net and follow us on twitter: @signalfi_
Versionsinformation:
This update provides tuning to allow for default parameters to better align with market conditions. In addition, a stop light system was implemented to provide signaling for the trend identified by IchiEMA.
Alert Shapes (Stop Lights)
1) Large Labels - Price cross-over ATR based band signaling most likely overbought/oversold price.
2) Small Circles - Price cross-over key fibonacci based band level, indicative of "warning" that trend is changing.
3) Small Labels - Price cross-over key fibonacci based band level, indicative of "Strong Impulse" in trend direction while within ATR based band.
Additional inputs were added for more customization depends on trading style.
Alert Shapes (Stop Lights)
1) Large Labels - Price cross-over ATR based band signaling most likely overbought/oversold price.
2) Small Circles - Price cross-over key fibonacci based band level, indicative of "warning" that trend is changing.
3) Small Labels - Price cross-over key fibonacci based band level, indicative of "Strong Impulse" in trend direction while within ATR based band.
Additional inputs were added for more customization depends on trading style.
Versionsinformation:
Alert Conditions Added
Versionsinformation:
1) This update was to correlate the ATR high low bands with the fibonacci based trend band. Now the ATR high/low bands provide a better trend representation of the shorter term fibonacci (center trend) band, and allow for more accurate signals of overbought and oversold price.
2) To add to this large "labels" where price crossed the legacy ATR bands were removed and instead now present as background colors. This was to remove bias for these signals as they are meant to identify extremes of the market and not necessarily buy/sell notifications.
3) Default lengths were tuned.
4) Added a background 200 EMA which changes color as it rises or falls. This is meant to provide a generally awareness point for where the price is relative to a well known trading metric (200 EMA).
5) Bar coloring logic was updated to more align with the strength of the trend defined by the fibonacci band. If the price's low is above this key level the candle is bullish. When the price's low is below the trend defined by the fibonacci band, the candle is bearish.
6) Changing the "Fib len" input variable will provide more or less signals, however to align with the PRIME series of indicators, which is the intent of using IchiEMA, it is recommended that the default settings be enabled.
We're always making things better. Stay tuned for future updates.
2) To add to this large "labels" where price crossed the legacy ATR bands were removed and instead now present as background colors. This was to remove bias for these signals as they are meant to identify extremes of the market and not necessarily buy/sell notifications.
3) Default lengths were tuned.
4) Added a background 200 EMA which changes color as it rises or falls. This is meant to provide a generally awareness point for where the price is relative to a well known trading metric (200 EMA).
5) Bar coloring logic was updated to more align with the strength of the trend defined by the fibonacci band. If the price's low is above this key level the candle is bullish. When the price's low is below the trend defined by the fibonacci band, the candle is bearish.
6) Changing the "Fib len" input variable will provide more or less signals, however to align with the PRIME series of indicators, which is the intent of using IchiEMA, it is recommended that the default settings be enabled.
We're always making things better. Stay tuned for future updates.
Versionsinformation:
Labels are now titled in settings.
Versionsinformation:
1) Added powerful pivot system that acts as an additional guide for price direction. In the system, stay on the right side of the pivot lines to guide your trend bias. This feature can be turned on/off from the menu options.
2) Added Filter for strong signals. This provides a filter for the signal system to provide signals only when the price is above or below the corresponding bull/bear pivot value. This removes false signals, but also removes early warning signal confluence with other indicators. This feature can be turned on/off from the menu options.
3) Added ability to turn ATR bands on/off from menu options.
2) Added Filter for strong signals. This provides a filter for the signal system to provide signals only when the price is above or below the corresponding bull/bear pivot value. This removes false signals, but also removes early warning signal confluence with other indicators. This feature can be turned on/off from the menu options.
3) Added ability to turn ATR bands on/off from menu options.
Versionsinformation:
1) Added 50 EMA by request
Versionsinformation:
1) Title Tag update
Versionsinformation:
1) EMA Guide Trends are now optional within settings (on/off) as well as user definable. Default: Long = 200 EMA, Short = 50 EMA.
2) Plot Naming for "Puncture Upper EMA Band in 1 Candle" and "Dipping below Lower EMA Band in 1 Candle" -- within style options.
2) Plot Naming for "Puncture Upper EMA Band in 1 Candle" and "Dipping below Lower EMA Band in 1 Candle" -- within style options.
Versionsinformation:
MAJOR UPDATE:
- Fully Refactored for V4
- Integration of AO Prime Signals
- Integration of RSI Prime Signals
- Fully Alertable (ATR, RSI, AO, IchiEMA)
- Customized Alert Messages
- New Settings Menu
- Slightly Updated Colors
- Editable IchiEMA Base Settings
- Editable RSI / AO Base Settings
- Removed "Strong Signals Filter"
- Fully Refactored for V4
- Integration of AO Prime Signals
- Integration of RSI Prime Signals
- Fully Alertable (ATR, RSI, AO, IchiEMA)
- Customized Alert Messages
- New Settings Menu
- Slightly Updated Colors
- Editable IchiEMA Base Settings
- Editable RSI / AO Base Settings
- Removed "Strong Signals Filter"
Versionsinformation:
--Update--
+ Active PnL Tracking Per Major Entry Signal (Tracks most recent past trade and current trade)
+ Added past trade "Entry Line"
+ Added curren trade "Entry Line"
+ Added prior candle close line
+ Active PnL Tracking Per Major Entry Signal (Tracks most recent past trade and current trade)
+ Added past trade "Entry Line"
+ Added curren trade "Entry Line"
+ Added prior candle close line
Versionsinformation:
1) Added Alerts for Background Color Change ("Background Bull" and "Background Bear")
Versionsinformation:
1) Added "PnL Tracking On/Off Option"
2) Renamed Plot lines for PnL Tracking
2) Renamed Plot lines for PnL Tracking
Versionsinformation:
**Bug in ATR Alert Fixed.
SignalFi is creating cutting edge TradingView scripts to help identify rogue market Alpha. Check out signalfi.net for subscription information and @signalfi_ on Twitter for updates.