In contrast to my Ichimoku ++ Study this is a pure Ichimoku Konko Hyo Study with Bill Williams Fractals (I couldn't leave out the fractals as these levels are too important for Ichimoku trading).
In this study you can find many visualisation options for the Ichimoku Indicator and the signals the Ichimoku Tradingsystem can provide.
Tenkan-sen and Kijun-sen are provided optionally as mtf levels.
An mtf price cloud relationship is shown in the upper right.
The included signals are:
B1/S1 is a strong filtered signal. The condition for long entry is: price > Kumo AND Chikou > price AND Chikou > Kumo AND Tenkan > Kijun AND Komo is green
B2/S2 is a less filtered signal. The condition for long entry is: price > Kumo AND Chikou > price AND Tenkan > Kijun
IB/IS is a confluence signal. The condition for a long/short entry is: more than 50% of the 8 defined conditions must trigger a long signal. Below 50% long, it is a short signal because more than 50% of the entry conditions have triggered a short signal.
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Color "code" for Kijun-sen and Tenkan-sen endings added.
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Fixed Tenkan-sen plot bug.
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Tooltips added.
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Code updated. Some more Background signals added.
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Attributes of some drawn objects Added. Because of output limitations, I can't add more attributes.
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Script converted to Pine v5.
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IB/IS signal updated.
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Screenshot issue.
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Code updated (signal textcolor).
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Fixed strange behavior (since a few weeks) of "Ichimoku endings".
This indicator is pure fire!! It’s the best ichimoku script on TradingView imo.
Ark1010win
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Hi, was wondering if I could DM you, trying to add certain language of stop loss and Take profit target using only the B1/S1 portion of code. I need some help with coding portion of it.
ramsay09
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@Ark1010win, Hi, please describe in more detail what exactly the problem is. Otherwise DM me. DM is back on.
Go-Zilla
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I've tried your indicator but can't seem to see the colours of the lines, would be nice to have the option to change colours like on regular one. Usually I use chikou with a much thicker line in order to be able to see it better but on your version I do not see that possible. So if next time you could implement colour changes and alerts would be awesome, tks