OPEN-SOURCE SCRIPT
ICHIMOKU Trading beta
Updated
Ichimoku Kinko Hyo is a trend-following trading system with 5 indicators. All the five indicators have a different purpose and successful Ichimoku trading required in-depth analysis of all indicators. The script interpreted each indicator and develop a score to indicate the overall strength.
I have taken the idea from the book “Trading with Ichimoku Clouds by MANESH PATEL”. The scoring system is mine to get an idea about how all the indicators are performing together.
If most of the indicators are confirming then the score will be high.
I am very new to Pinescript, so waiting for your comments and review.
You can view all comments by turning the comments on.
I have taken the idea from the book “Trading with Ichimoku Clouds by MANESH PATEL”. The scoring system is mine to get an idea about how all the indicators are performing together.
If most of the indicators are confirming then the score will be high.
I am very new to Pinescript, so waiting for your comments and review.
You can view all comments by turning the comments on.
Release Notes
Updated to version 5 and minor bug Fixes.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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