In the series of programs having their place under the price chart and following “Ichiba Kimochi Dashboard“, here is the indicator “Ichimoku Follow Pattern” grouping three figures often exploited by the system “Kinko Hyo” which visualizes the detected figures by bars in the form of histograms.
– Katana: Green in a Bullish start and Red if Bearish momentum
– Daisho: who is a figure translating a shortness of the Katana Orange color
– Tenkan / Kijun: Crossing the Tenkan-sen lines with the Kijun-sen Blue color
– Twist Cross: Change of orientation of the cloud by crossing Senkou SA with Senkou SB of Mauve color
These four variables can be exploited simultaneously or individually …
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// Ichimoku Follow Patterns | Oscillator
// 21/04/2019 (Release 1.0)
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// --- Property settings
Katana = 1 //(1=true, 0=false)
Daisho = 1 //(1=true, 0=false)
Twist = 1 //(1=true, 0=false)
TenKij = 1 //(1=true, 0=false)
// --- end
Tenkansen = (highest[9](high)+lowest[9](low))/2
Kijunsen = (highest[26](high)+lowest[26](low))/2
SenkouSA = (Tenkansen[26]+Kijunsen[26])/2
SenkouSB = (highest[52](High[26])+lowest[52](Low[26]))/2
if katana then
Pattern1 = summation[2](Tenkansen = Kijunsen) = 2 // Katana (2 candles follower)
endif
if daisho then
Pattern2 = summation[3](Tenkansen = Kijunsen) = 3 // Daisho (3 candles follower)
endif
if twist then
Pattern3 = SenkouSA crosses over SenkouSB or SenkouSA crosses under SenkouSB // Twist crossing
endif
if tenkij then
Pattern4 = Tenkansen crosses over Kijunsen or Tenkansen crosses under Kijunsen // Tenkan crossing Kijun
endif
if close > close[1] then // Katana bullish green
r = 0
g = 180
else // Katana bearish red
r = 180
g = 0
endif
return Pattern1/1 coloured(r,g,0) style(histogram,1) as"Katana", Pattern2/1.75 coloured(250,160,0) style(histogram,1)as"Daisho", Pattern3/2 coloured(0,160,250) style(histogram,1) as"Twist", Pattern4/-1.75 coloured(240,0,240) style(histogram,1) as"Ten/Kij"