This script will display two Kumo Clouds. The overlap between the clouds can be areas of high support or resistance. I've included a drop-down selector for a variety of common lookback periods. Experiments show that the 10-30-60-30 settings can be more applicable to the FOREX and Crypto markets.
Based on the ichimoku cloud system, this indicator gives two presets: Standard (9/26/52/26) and Crypto (20/60/120/30).
This also shows on a chart where Tenkan-Kijun cross happens and when a Kumo Twist happens.
This is a Time Segmented Volume (TSV) indicator with added divergence hunter, crossing signals, Kumo cloud background and alert functions
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first!
Future Ichimoku Lines Plot: Tenkan-sen next 5 days, Kijun-sen next 10 days, Kumo A next 5 days and Kumo B next 14 days will be display
This will help you forecast the future of price and increase winning probability!
Always remember, risk management is the key of a successful trader
Have a nice trade! :D
hello I'm a beginner in trading, but I try to learn how to code strategies.
I recoded the Ichimoku indicator, and created my personnal strategy based on it.
The backtesting is done from 1/1/2017 to today in 45 min Time Unit for candles, with a 1 000 € equity.
The trades are all Long Entries and Exits with no pyramiding, no short trades at all.
A simple trading strategy oriented towards cryptocurrencies that uses log-space Ichimoku clouds
Long position: when Senkou Span A crosses over Senkou Span B
Short position: when Senkou Span A crosses under Senkou Span B
The indicator used in this strategy is available as a standalone script: