Help coding – Ichimoku Strategy

• 07/18/2020 at 4:14 PM #139584
  boonet

  There are many ichimoku strategies, indicators and screeners around, but none of them aren’t accurately taking the entry because of them ignoring what the lagging span ( Chikou) is doing.

  I think Chikou is very important to avoid fakeouts

  It would be great if someone can help me code this strategy –

  BUY Long, if

  1. Price is above kumo cloud
  2. kumo cloud is green(bullish) ahead
  3. tenkan > kinjun
  4. lagging span(chikou) rises over the cloud

  SELL Short, if

  exact opposite of Buy long

  Stop Loss,

  Set if below lowest point of last 5 candles

   

  Thanks in advance. 🙂

  

  boonet

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  07/18/2020 at 6:14 PM #139589
  brunodavid

  Boonet,

   

  i agree, the position of the chikou is important.

  you want to open position when the chikou crosses out from kumo ?

  i first code this indicator to check your condition.

  is that this code matches your request ?

   

  INDICATEUR = 0 Tenkansen1 = (highest[9](high)+lowest[9](low))/2 Kijunsen1 = (highest[26](high)+lowest[26](low))/2 SSpanA = (tenkansen1[26]+kijunsen1[26])/2 SSpanB = (highest[52](high[26])+lowest[52](low[26]))/2 Chikou = close // 26 périodes auparavant // BUY C1b = SSpanA > SSpanB C2b = Kijunsen1 > SSpanA and Kijunsen1 > SSpanB C3b = Tenkansen1 > Kijunsen1 C4b = Chikou crosses over SSpanA[26] IF C1b and C2b and C3b and C4b THEN INDICATEUR = 1 ENDIF // Short C1s = SSpanA < SSpanB C2s = Kijunsen1 < SSpanA and Kijunsen1 < SSpanB C3s = Tenkansen1 < SSpanA and Tenkansen1 < SSpanB C4s = Chikou crosses under SSpanB[26] IF C1s and C2s and C3s and C4s THEN INDICATEUR = -1 ENDIF return indicateur as "indicateur"

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  INDICATEUR = 0 Tenkansen1 = (highest[9](high)+lowest[9](low))/2 Kijunsen1 = (highest[26](high)+lowest[26](low))/2 SSpanA = (tenkansen1[26]+kijunsen1[26])/2 SSpanB = (highest[52](high[26])+lowest[52](low[26]))/2 Chikou = close // 26 périodes auparavant   // BUY C1b = SSpanA > SSpanB C2b = Kijunsen1 > SSpanA and Kijunsen1 > SSpanB C3b = Tenkansen1 > Kijunsen1 C4b = Chikou crosses over SSpanA[26] IF C1b and C2b and C3b and C4b THEN INDICATEUR = 1 ENDIF // Short C1s = SSpanA < SSpanB C2s = Kijunsen1 < SSpanA and Kijunsen1 < SSpanB C3s = Tenkansen1 < SSpanA and Tenkansen1 < SSpanB C4s = Chikou crosses under SSpanB[26] IF C1s and C2s and C3s and C4s THEN INDICATEUR = -1 ENDIF return indicateur as "indicateur"

   

  2 users thanked author for this post.

  Nicolas, boonet

  

  brunodavid

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  07/18/2020 at 6:17 PM #139590
  deleted23092025

  I think you also should look at chikou greater than close also for short example on 1-x bars meaning its a downtrend/uptrend if close greater than chikou. You can also work with MTF to add other indicators for bigger tf.

  

  deleted23092025

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  07/18/2020 at 11:42 PM #139594
  boonet

  Thanks a lot @brunodavid,

  Exactly what I wanted. 🙂

   

  
  @Franco , yes running it on MTF is the plan. I will let you know how it goes.

   

  Thanks again @brunodavid.

  

  boonet

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  07/19/2020 at 1:11 PM #139613
  deleted23092025

  Boonet if you have something that i can work on tell me.

  

  deleted23092025

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