"KUMO Twist" Indicator
May 11, 2016, 9:14 AM
Indicators
3 Comments
Hello Guys,
Here is a simple and effective indicator to see Kumo twists on Ichimoku.
On the picture, I did just set an Ichimoku, and “Tenkan”, “Kijun” and “Chikou” as invisible.
Just put the indicator, and set visualization to histogram.
Happy trading !
TWIST = 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
// CROISEMENT SSA > SSB
IF SSpanA[1] < SSpanB[1] and SSpanA > SSpanB THEN
TWIST = 1
ENDIF
// CROISEMENT SSA < SSB
IF SSpanA[1] > SSpanB[1] and SSpanA < SSpanB THEN
TWIST = -1
ENDIF
return TWIST as "KUMO TWIST"
Download
Filename:
KUMO-TWIST-1.itf
Downloads:
323
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Hello, I'm Marc.
Nice to meet you.
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