BreakOut Kumo indicator – IchimoKu

BreakOut Kumo indicator – IchimoKu

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.

 

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Doctrading • 11/28/2016 #

    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\"
     

  2. gefinance • 11/28/2016 #

    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

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