This is Indicator is based on Ichimoku Clouds with Buy and Sell positions and alerts. Before using this indicator take note of the following:
1. This indicator is not Repaiting.
2. there are three ways to put your SL/TP: * you can use the yellow line above or below the candles to put your SL and your R/R ratio will be 1:1, 1:2, 1:3 (depending on the timeframe and the pairs you choose; I advise you to backtest in your desired timeframe and your currency pairs to choose the right R/R) * You can choose SL/TP based on Percentage or ATR (It is configurable in the setting; I again advise you to backtest in your desired timeframe and your currency pairs to choose the right R/R)
3. Please pay attention to the Green and Red circles. If there is a Green circle before the Buy position it gives it more confirmation and if there is a Red circle before the Sell position it gives more confirmation on the Sell position (pay attention that these circles appear with latency)
4. If the yellow line is below the candles and it gives Sell signal or the yellow line is above the candles and it gives Buy signal, it is better to avoid that signals.
4. Use this indicator with top 30 Crypto pairs (You can also backtest on other coins as well)
5. Please use this indicator at your discretion and backtest first.
6. If you have any idea to improve the results please let me know in the comments.
Информация о релизе
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Note Update:
1. Recommended timeframe is 15m. (please backtest other timeframes as well if you wish)
2.Please pay attention to the gap between the Yellow line the signal candle. If the gap is big comparing to other successful signals in that timeframe, it is better to ignore that signal. it may imply a pump in the price that may dump afterward.
Hi ..The indicator is really good. Please let us know the latency or the delay for the circle to appear. Would appreciate your help
TheGrandMarky
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Hello, great script! Is it possible to get the source code? Thanks!
tatrend
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Hi, I'm a newbie in TradingView and scripts. Thank you to share yours. What are your Ichimoku Buy & Sell criterions in this script ? Would like to check if there is some rows for improvements.
Best regards,
iman2242
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@alexiskoffi, Hi, you need to change the settings according to your desired crypto pairs. i suggest you to try it on SOLUSDT 15m TF. please backtest it first to see if it is reliable and profitable. you also need to know some TA. don't just follow the signals without paying attention to the price action.
Alireza147911
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@iman2242, hello.first i should say thank you for your sharing this indicator.second i wanna make some differences in it and make it stronger.would you like to share the source code with me?! Or any partnership with me about this indicator?! Surely i will share the results after your confirmation about this
Gleamtecho
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When does the buy or sell dot appear. Suppose I am in day trading. Does it come after 1 bar closes for the day or after 2-3 bars. Please confirm?
mafikix191
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If recommended timeframe is 15 min should we change the period in indicator from 5 to 15min?
iman2242
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@mafikix191, no don't need to change the period in the setting. ..Just try it on different crypto pairs. It works great on some pairs but may not work that good on others. I also don't recommend using it on BTC and ETH....though you can change Ichimoku settings to twick it to your needs!