OPEN-SOURCE SCRIPT
Ichimoku Trend Direction
Updated
This script will help you detect the current trend of market use Ichimoku trading system. We use the default parameters.
To reduce risk, ONLY trade follow the trend of high time frame!
Very simple to use:
- Green background when market Up trend
- Red background when market Down trend
Have a nice trade! :P
To reduce risk, ONLY trade follow the trend of high time frame!
Very simple to use:
- Green background when market Up trend
- Red background when market Down trend
Have a nice trade! :P
Release Notes
Clean the code :PRelease Notes
Correct some parameter to fit with original Ichimoku Kinko Hyo by Mr. Goichi HoshodaRelease Notes
Change some condition for better result! Good Luck! :DRelease Notes
Updated to Pinescript v5 and clean the code :DRelease Notes
Fix the colorRelease Notes
Add the alert :DOpen-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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.