OPEN-SOURCE SCRIPT
Kijun Trend Indicator
Обновлено
Name: Kijun Trend Indicator
Category: Trend Analysis
Timeframe: All timeframes
Suggested usage: In a trending market, to understand when it is good to enter short (red line) and when to enter long (blue line).
Technical Analysis: The original idea was taken from Larry Williams: an uptrend is identified when the price is above an 18-period simple moving average (SMA) and when at least two candles do not touch the simple moving average with their lows. The opposite is true for a downtrend.
Corrado Rondelli has therefore reinterpreted with Ichimoku aka "ichimokized" replacing the 18-period Simple Moving Average with the 26-period Kijun - as per the original Ichimoku settings.
In order to make the indicator more flexible an Exponential Moving Average (EMA) has also been added.
The indicator plots the chosen line that becomes red when it is good to enter short and blue when it is good to enter long.
Configuration:
- Length: period to be used to calculate the line.
- Type: the line type that can be the Kijun (26-period) or SMA/EMA (18-period)
Category: Trend Analysis
Timeframe: All timeframes
Suggested usage: In a trending market, to understand when it is good to enter short (red line) and when to enter long (blue line).
Technical Analysis: The original idea was taken from Larry Williams: an uptrend is identified when the price is above an 18-period simple moving average (SMA) and when at least two candles do not touch the simple moving average with their lows. The opposite is true for a downtrend.
Corrado Rondelli has therefore reinterpreted with Ichimoku aka "ichimokized" replacing the 18-period Simple Moving Average with the 26-period Kijun - as per the original Ichimoku settings.
In order to make the indicator more flexible an Exponential Moving Average (EMA) has also been added.
The indicator plots the chosen line that becomes red when it is good to enter short and blue when it is good to enter long.
Configuration:
- Length: period to be used to calculate the line.
- Type: the line type that can be the Kijun (26-period) or SMA/EMA (18-period)
Информация о релизе
Displays the color change on the previous candleСкрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
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