BreakOut Kumo indicator - IchimoKu

Category: Indicators By: Bovetes Created: November 28, 2016, 4:14 PM
November 28, 2016, 4:14 PM
Indicators
2 Comments

The Kumo Break method is one of the main systems applied by the Ichimoku traders for detecting key reversals. By using the kumo, we can qualify the current reversal, which provides traders with a unique opportunity to either take profits on current positions, or take a new reversal setup.

It is effective in timing trends, reversals and trading strategic reversals when all the elements are in place. Its ability to measure support and resistance enables the Ichimoku to also provide traders with a unique perspective on the markets.

// BREAK OUT KUMO

BOK = 0

Tenkansen = (highest[9](high)+lowest[9](low))/2
Kijunsen = (highest[26](high)+lowest[26](low))/2
SSpanA = (tenkansen[26]+kijunsen[26])/2
SSpanB = (highest[52](high[26])+lowest[52](low[26]))/2

IF SSpanB > SSpanA THEN //Kumo vers le bas
 // BREAK OUT KUMO vers le bas
 if close < SSpanA and close[1] > SSpanA[1] then
  BOK = -1
 else
 // BREAK OUT KUMO vers le haut
  if close > SSpanB and close[1] < SSpanB[1] then
   BOK = 1
  endif
 endif
else //Kumo vers le haut
// BREAK OUT KUMO vers le haut
 if close > SSpanA and close[1] < SSpanA[1] then
  BOK = 1
 else
 // BREAK OUT KUMO vers le bas
  if close < SSpanB and close[1] > SSpanB[1] then
   BOK = -1
  endif
 endif
ENDIF

return BOK as "BO KUMO"

 

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Filename: Breakout-Kumo.itf
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Bovetes Junior
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