Ichimoku Cloud ALERT
Hi, this my new script which show you correct Ichimoku signals, when price exit cloud.
SELL SIGNAL:
- red line below blue
- green line below price
- price exit cloud bottom
- price below 3 EMA's!
BUY SIGNAL:
- red line above blue
- green line above price
- price exit cloud upper
- price above 3 EMA's!
You can change ichimoku parameters and input 3 EMA's. If u dont want use any of the EMA's then input 1 into them.
SELL SIGNAL:
- red line below blue
- green line below price
- price exit cloud bottom
- price below 3 EMA's!
BUY SIGNAL:
- red line above blue
- green line above price
- price exit cloud upper
- price above 3 EMA's!
You can change ichimoku parameters and input 3 EMA's. If u dont want use any of the EMA's then input 1 into them.
study(title="Ichimoku Cloud", shorttitle="Ichimoku", overlay=true)
conversionPeriods = input(9, minval=1),
basePeriods = input(26, minval=1)
laggingSpan2Periods = input(52, minval=1)
EMAno1 = input(21, minval=1)
EMAno2 = input(144, minval=1)
EMAno3 = input(377, minval=1)
displacement = basePeriods
donchian(len) => avg(lowest(len), highest(len))
conversionLine = donchian(conversionPeriods)
baseLine = donchian(basePeriods)
leadLine1 = avg(conversionLine, baseLine)
leadLine2 = donchian(laggingSpan2Periods)
plot(conversionLine, color=red, title="Conversion Line")
plot(baseLine, color=blue, title="Base Line")
plot(close, offset = -displacement, color=green, title="Lagging Span")
p1 = plot(leadLine1, offset = displacement, color=green,
title="Lead 1")
p2 = plot(leadLine2, offset = displacement, color=red,
title="Lead 2")
ema1=ema(close,EMAno1)
ema2=ema(close,EMAno2)
ema3=ema(close,EMAno3)
//sell signals
signal1 = baseLine > conversionLine
signal2 = close <= ema1
signal2a = close <= ema2
signal2b = close <= ema3
bottomcloud=leadLine2[displacement-1]
uppercloud=leadLine1[displacement-1]
signal3 = close<bottomcloud
signal3a = close[1]>bottomcloud[1]
signal3b = bottomcloud<uppercloud
signal4 = close<low[displacement]
plotchar(signal1 and signal2 and signal2a and signal2b and signal3 and signal3a and signal3b and signal4, char='S', color=red, location=location.abovebar)
signal3x = close<uppercloud
signal3ax = close[1]>uppercloud[1]
signal3bx = bottomcloud>uppercloud
plotchar(signal1 and signal2 and signal2a and signal2b and signal3x and signal3ax and signal3bx and signal4, char='S', color=red, location=location.abovebar)
/// buy signals
nsignal1 = baseLine < conversionLine
nsignal2 = close >= ema1
nsignal2a = close >= ema2
nsignal2b = close >= ema3
nsignal3 = close>uppercloud
nsignal3a = close[1]<uppercloud[1]
nsignal3b = bottomcloud<uppercloud
nsignal4 = close>high[displacement]
plotchar(nsignal1 and nsignal2 and nsignal2a and nsignal2b and nsignal3 and nsignal3a and signal3b and nsignal4, char='B', color=blue, location=location.belowbar)
nsignal3x = close>uppercloud
nsignal3ax = close[1]<uppercloud[1]
nsignal3bx = bottomcloud<uppercloud
plotchar(nsignal1 and nsignal2 and nsignal2a and nsignal2b and nsignal3x and nsignal3ax and signal3bx and nsignal4, char='B', color=blue, location=location.belowbar)
fill(p1, p2)