IKH Signals v2

Ichimoku Kinko Hyo Signals


This script show signals based on my understanding in Ichimoku Kinko Hyo and is an evolution of this script

Instead of using my own functions, I use now the ones provided by pine script

/!\ Please do not follow signals blindly and always make your own analysis /!\

Signals explanation

• Buy : Price above kumo, tenkan above kijun, chikou span above candles and kumo and price break previous 9 candles high
  
• Strong Buy : Is a Sanyaku Kouten and can show a potential reverse in current tendance
  
• Sell : Price below kumo, tenkan below kijun, chikou span below candles and kumo and price break previous 9 candles low
  
• Strong Sell : Is a Sanyaku Gyakuten and can show a potential reverse in current tendance
  
• Exit : Show a potential time to take profit based on previous Sell, Strong Sell, Buy, or Strong Buy signal
  
• Buy Colored bard : bar a colored between a buy signal and an buy exit signal, based on this conditions : kumo up, SSA or SSB up and kijun up
  
• Sell Colored bard : bar a colored between a sell signal and an sell exit signal, based on this conditions : kumo down, SSA or SSB down and kijun down
  

How to use it


When a signal is triggered


A signal ( strong or not ) show a new entry point. You can start looking for an entry in lower timeframe according to the signal direction.
A colored bar means that the price is pushing in a direction according to the previous signals, It's a good moment to look for an entry in lower timeframes.

Alerts


You can configure alerts for Strong buy, buy, Strong sell, sell and both exit signals

Versionsinformation:

Fixe bullish signal