Ichimoku & Supertrend

This indicator is a combination of Ichimoku and Super trend, while to have a clearer chart, it does not plot on the price chart. Buy and Sell signals are derived from Ichimoku: price closes above the Conversion line, and both are above Komo cloud, there will be a Buy signal. Sell signal appears where the exact opposite has occurred. Since there are more volatility and sharper movements in the cryptocurrency market, it is recommended to use the indicator on Crypto pairs rather than Forex pairs or the Stock market. For this purpose, I tried to optimize the inputs of Ichimoku and assign new inputs as the default values of the indicator. I came up with "8" as the input of the Conversion Line and "53" as the input of the Lagging Span. Although, since the indicator takes advantage of a flexible setting, you may change the values according to the timeframe and market you wish to trade.
There is also a Super trend indicator to give a better insight into the market condition and assist you in executing more profitable trades. The super trend is derived from several simple calculations consisting of the Average True Range and a multiplier (all of which are adjustable). The super trend says the direction of the current market and whether the market is Bullish or Bearish. Where leveling in the slope of the Super trend shows that the market is in a range state.
It is worth mentioning if you entered a position, you should not be waiting for the next signal to appear to close your current position. As my own experiences in Crypto pairs suggest, a Risk-reward ratio of 1.3 would be the best for your positions. For example: If the indicator has shown a "Buy" and you have just entered a long position, it is better to set your Stop-loss just below the previous low (pivot point) and your Take-profit in a way that your Risk-reward be equal to 1.3.

Please do not use this indicator in the "Range" market conditions.
Bottom line, It would be best to consider that this indicator assists you in your trades. It would help if you had made sufficient analysis and managed your risk before you execute any trade.