BreakOut Kumo indicator - IchimoKu for ProRealTime

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"

Download

Filename: Breakout-Kumo.itf

Downloads: 519

Comments

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gefinance

9 years ago

Thanks for this code.

The only thing left missing is the time lapse, otherwise, lots of older signals are generated, some have been triggered months ago. I guess it's just a line of code to add ?

e.g. Kumo break out for the last X days

Doctrading

10 years ago

Nice Job !

Here is my version of the code :

KBO = 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

// KBO haussier
IF (close crosses over SSpanA and SSpanA > SSpanB) OR (close crosses over SSpanB and SSpanB > SSpanA) THEN
KBO = 1
ENDIF

// KBO baissier
IF (close crosses under SSpanA and SSpanA < SSpanB) OR (close crosses under SSpanB and SSpanB < SSpanA) THEN
KBO = -1
ENDIF

return KBO as "KUMO BREAKOUT"