Ichimoku Cloud w. Signals and Alerts
Ichimoku Cloud w. Signals and Alerts highlights when the Ichimoku signals a Bullish or Bearish move as well as the crosses of the Conversion Line and the Base Line both up and down.
The Bullish signals and Bearish signals fire when the following criteria is met:
Bullish Setup:
1. Price close over Lead Lines (26 periods ahead)
2. Green Cloud (26 Periods ahead)
4. Conversion Line above Base Line
Bearish Setup:
1. Price close under Lead Lines (26 periods ahead)
2. Red Cloud (26 Periods ahead)
4. Conversion Line below Base Line
The initial signal will fire when that criteria hits, once that criteria hits, background will fill either green or red behind the bars where the criteria still applies and will have no background color if above criteria doesn't apply.
Once the background fill disappears you should begin looking to set a stop or exit as the Ichimoku maybe reversing.
Be sure to still use Lagging Span and the price position to the cloud on where it actually is before entering/exiting positions even if a signal is fired.
I have also included the ability to add alerts to both the Conversion Line/Base Line crosses as well as the initial signals for the Bullish and Bearish Ichimoku signals. The alerts are configured to easily be added for a webhook to push to a Discord channel as well.
Works on all timeframes to signal general direction of move.
The Bullish signals and Bearish signals fire when the following criteria is met:
Bullish Setup:
1. Price close over Lead Lines (26 periods ahead)
2. Green Cloud (26 Periods ahead)
4. Conversion Line above Base Line
Bearish Setup:
1. Price close under Lead Lines (26 periods ahead)
2. Red Cloud (26 Periods ahead)
4. Conversion Line below Base Line
The initial signal will fire when that criteria hits, once that criteria hits, background will fill either green or red behind the bars where the criteria still applies and will have no background color if above criteria doesn't apply.
Once the background fill disappears you should begin looking to set a stop or exit as the Ichimoku maybe reversing.
Be sure to still use Lagging Span and the price position to the cloud on where it actually is before entering/exiting positions even if a signal is fired.
I have also included the ability to add alerts to both the Conversion Line/Base Line crosses as well as the initial signals for the Bullish and Bearish Ichimoku signals. The alerts are configured to easily be added for a webhook to push to a Discord channel as well.
Works on all timeframes to signal general direction of move.