ZFelds' Kijun Sen x PA Cross w/OHLC
An indicator created to signify when Price Action crosses the Kijun Sen (Base Line) of the Ichimoku Cloud.
Added option to use Candle Open/Close instead of Hi/Low of the Kijun Sen.
The indicator is used in the following way:
When the line turns Blue, this signifies Price Action crossing UPWARDS through the Kijun Sen, signaling to be aware of BUY opportunities.
When the line turns Pink, this signifies Price Action crossing DOWNWARDS through the Kijun Sen, signaling to be aware of SELL opportunities.
Works especially well in confluence with Major Horizontal Levels and Moving Averages.
As well as when trading in the direction of the macro (or anchor) trend.
Originally coded by @cryptodontrading from The Cave based on my strategy, further tweaked/simplified by @SemiQuasi.
Added option to use Candle Open/Close instead of Hi/Low of the Kijun Sen.
The indicator is used in the following way:
When the line turns Blue, this signifies Price Action crossing UPWARDS through the Kijun Sen, signaling to be aware of BUY opportunities.
When the line turns Pink, this signifies Price Action crossing DOWNWARDS through the Kijun Sen, signaling to be aware of SELL opportunities.
Works especially well in confluence with Major Horizontal Levels and Moving Averages.
As well as when trading in the direction of the macro (or anchor) trend.
Originally coded by @cryptodontrading from The Cave based on my strategy, further tweaked/simplified by @SemiQuasi.
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Changed Short Title
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Updated Linewidth & Transparency to Default @ 4 / 0 Transparency
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Updated Short Title & Visual Explanation