OPEN-SOURCE SCRIPT
Ichimoku trend
Enhanced Ichimoku Trend Detection System
Purpose & Originality
This indicator enhances the traditional Ichimoku Cloud system by integrating multiple technical analysis components to provide a more comprehensive trend detection approach. The originality lies in:
1. Combining Ichimoku signals with modern momentum indicators (RSI)
2. Adding candlestick pattern recognition for trend confirmation
3. Implementing volatility-adjusted calculations for more accurate signals
4. Using volume-weighted analysis for price movement validation
Technical Methodology
The script uses a multi-layered approach to trend detection:
1. Ichimoku Foundation
- Calculates traditional components (Conversion Line, Base Line, Leading/Lagging Spans)
- Uses cloud formation for primary trend direction
- Implements dynamic displacement for improved signal timing
2. Pattern Recognition Layer
- Analyzes candlestick formations including:
* Bullish/Bearish Engulfing patterns
* Hammer and Shooting Star formations
* Doji patterns for indecision points
- Measures relative strength of patterns using body-to-wick ratios
3. Momentum Confirmation
- Integrates RSI readings with moving average crossovers
- Provides strength measurement through volume-weighted calculations
- Adjusts signals based on market volatility
Signal Generation Logic
The system generates signals based on a weighted combination of:
- Ichimoku cloud position and crossovers
- Candlestick pattern strength
- RSI momentum confirmation
- Volume-weighted price movement
- Volatility-adjusted thresholds
Usage Instructions
1. Set your preferred Ichimoku parameters (default: 9,26,52)
2. Adjust the RSI and MA periods based on your timeframe
3. Configure volume and volatility settings for your market
4. Monitor the following signals:
- Green triangles: Strong bullish trend
- Red triangles: Strong bearish trend
- Gray circles: Market indecision/consolidation
[Instructions en français]
1. Définissez vos paramètres Ichimoku préférés (par défaut : 9,26,52)
2. Ajustez les périodes RSI et MA selon votre horizon de trading
3. Configurez les paramètres de volume et de volatilité pour votre marché
4. Surveillez les signaux suivants :
- Triangles verts : Tendance fortement haussière
- Triangles rouges : Tendance fortement baissière
- Cercles gris : Indécision/consolidation du marché
Disclaimer
This indicator is for informational purposes only. Always conduct your own analysis before making trading decisions.
Purpose & Originality
This indicator enhances the traditional Ichimoku Cloud system by integrating multiple technical analysis components to provide a more comprehensive trend detection approach. The originality lies in:
1. Combining Ichimoku signals with modern momentum indicators (RSI)
2. Adding candlestick pattern recognition for trend confirmation
3. Implementing volatility-adjusted calculations for more accurate signals
4. Using volume-weighted analysis for price movement validation
Technical Methodology
The script uses a multi-layered approach to trend detection:
1. Ichimoku Foundation
- Calculates traditional components (Conversion Line, Base Line, Leading/Lagging Spans)
- Uses cloud formation for primary trend direction
- Implements dynamic displacement for improved signal timing
2. Pattern Recognition Layer
- Analyzes candlestick formations including:
* Bullish/Bearish Engulfing patterns
* Hammer and Shooting Star formations
* Doji patterns for indecision points
- Measures relative strength of patterns using body-to-wick ratios
3. Momentum Confirmation
- Integrates RSI readings with moving average crossovers
- Provides strength measurement through volume-weighted calculations
- Adjusts signals based on market volatility
Signal Generation Logic
The system generates signals based on a weighted combination of:
- Ichimoku cloud position and crossovers
- Candlestick pattern strength
- RSI momentum confirmation
- Volume-weighted price movement
- Volatility-adjusted thresholds
Usage Instructions
1. Set your preferred Ichimoku parameters (default: 9,26,52)
2. Adjust the RSI and MA periods based on your timeframe
3. Configure volume and volatility settings for your market
4. Monitor the following signals:
- Green triangles: Strong bullish trend
- Red triangles: Strong bearish trend
- Gray circles: Market indecision/consolidation
[Instructions en français]
1. Définissez vos paramètres Ichimoku préférés (par défaut : 9,26,52)
2. Ajustez les périodes RSI et MA selon votre horizon de trading
3. Configurez les paramètres de volume et de volatilité pour votre marché
4. Surveillez les signaux suivants :
- Triangles verts : Tendance fortement haussière
- Triangles rouges : Tendance fortement baissière
- Cercles gris : Indécision/consolidation du marché
Disclaimer
This indicator is for informational purposes only. Always conduct your own analysis before making trading decisions.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.