Still using Ichimoku, here is a screener for those who want to target neutral troughs. Nevertheless, it will be advisable to place oneself in an uptrend on the two upper timeframe in order not to engage in a risky trade (Weekly > Daily > 4H > 1H > 15M).
The stoploss can be placed slightly below the range, as the exit will invalidate the neutral trend. The criteria you will find on this screener is the ratio between the potential gain (high price distance of the range) and the risk (low price distance of the range). Be careful to check that the upper timeframe is bullish (above the cloud or Kumo).
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Tenkan = (highest[9](high)+lowest[9](low))/2 Kijun = (highest[26](high)+lowest[26](low))/2 SSpanA = (Tenkan+Kijun)/2 SSpanB = (highest[52](high)+lowest[52](low))/2 TWIST=(SSpanA[1] < SSpanB[1] and SSpanA > SSpanB) or (SSpanA[1] > SSpanB[1] and SSpanA < SSpanB) if inRange = 1 and (BorneSup < close or BorneInf > close) then inRange=0 endif if twist then if inRange <> 1 then inRange=1 BorneSup=highest[52](high) BorneInf=lowest[52](low) endif endif Chikou = close VALIDATECHIKOU=Chikou > SSpanA[26] and Chikou > SSpanB[26] RangeTop=highest[52](high) RangeFloor=lowest[52](low) LowestFloorProximity=(RangeTop - close)/(close - RangeFloor) screener[VALIDATECHIKOU and INRANGE](LowestFloorProximity) |
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