Help coding – Ichimoku Strategy

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

    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. 🙂

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

    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"
    boonet and Nicolas thanked this post
    07/18/2020 at 6:17 PM #139590 quote
    deleted23092025
    Participant
    New

    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.

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

    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.

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

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

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Help coding – Ichimoku Strategy


ProOrder: Automated Strategies & Backtesting

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boonet @boonet Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by deleted23092025
5 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 07/18/2020
Status: Active
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