(Update MTF Panel 1.3) Ichimoku MTF Panel and Ichimoku Meter

[Gidien]

Hi,

we had "Easter" in Germany, time for my family. Searching eggs with my little daughter was more important to me.

I start to code the volume into to indicator. but i m not sure if increasing the tickvolume could says us if the singal good or not. So i read something about VSA Volume Spread Analyse and i take the following rule to filter out signals, not only increasing the volume.

Code: Select all

        local Range1 = source.high[p-1] - source.low[p-1];
        local Range2 = source.high[p-2] - source.low[p-2];
        local Vol1   = source.volume[p-1];
        local Vol2   = source.volume[p-2];
        if Range1 > Range2 then
            if (Vol1 > Vol2) then
                if source.high[p - 1] - source.close[p - 1] < source.close[p - 1] - source.low[p - 1] then
                    dir ="LONG";
                elseif source.high[p - 1] - source.close[p - 1] > source.close[p - 1] - source.low[p - 1] then
                    dir ="SHORT";   
                end
               
            end
        end

i also take attention to the spread(H-L) and the tickvolume.

If the Spread is increasing and the volume too, then we take a look to the positon of the closevalue regarding the high and low of the candle.

If the close is closer to the high of the candle increasing spread and volume indicates more buying pressure.
If the close is closer to the low, then we have more selling pressure.


Please check the Ichimoku Meter with Volume if it is better.

ICHMeter_V1_5_Volume.lua

(36.59 KiB) Downloaded 2050 times

[kumaresan]

Hi Gidien,

Sorry for troubled you, and belated wishes for Easter. God has risen for to save us

I'm happy for your effort on this. I too accept this spread concept.

But when observe the 1_5 version, the signal frequency became very less, and i'm not compromised that, the few signal coming are very strong signals.

And i don't want to confuse you from the right path. I have shared the possibility that can make the signal better, but even my view may be wrong.

Awaiting for updated version.

Regds / Kumaresan.

[Gidien]

Add Ichimoku MTF Panel Version 1.3 see post 1

[ak_nomiss]

can you make a strategy base on this indicator ? give out alert/signal when 2 lines cross and how many lots to trade ? Thank you

[t1982t]

Hello
I like ichimoku strategies: http://www.kumotrader.com/ichimoku_wiki ... strategies
And ICHMETER.lua, thank you for it.
Seems Ichimoku strategies permit a good management account wiht stop lost less than the take profit.
I wondering if it is possible pragram a strategy with ICHMETER.lua. It could be simple, buy in 90%-100% bullish, sell in 90%-100% bearish of the indicator. Or not so simple: the five strategies on the page above, with trailing stop base on ichimoku signals, with the movement of kijun for example.
Thank you
Kind regards

[Apprentice]

Your request is added to the developmental cue.

[RJH501]

Would you please add Span Cross signals to this indicator.

Thank you,

RJH

[Mickaelfx]

Hi,

Would it be possible to add the possibility of an alert when the H1 Chikou span cross the kumo and only if the daily chikou span is above the kumo.

It would be great if we could change H1 by 15mns and daily by H1or whatever we want...

Hope I don't ask too much.Thanks in advance Mikl

[arindam89]

Hi,

we had "Easter" in Germany, time for my family. Searching eggs with my little daughter was more important to me.

I start to code the volume into to indicator. but i m not sure if increasing the tickvolume could says us if the singal good or not. So i read something about VSA Volume Spread Analyse and i take the following rule to filter out signals, not only increasing the volume.

Code: Select all

        local Range1 = source.high[p-1] - source.low[p-1];
        local Range2 = source.high[p-2] - source.low[p-2];
        local Vol1   = source.volume[p-1];
        local Vol2   = source.volume[p-2];
        if Range1 > Range2 then
            if (Vol1 > Vol2) then
                if source.high[p - 1] - source.close[p - 1] < source.close[p - 1] - source.low[p - 1] then
                    dir ="LONG";
                elseif source.high[p - 1] - source.close[p - 1] > source.close[p - 1] - source.low[p - 1] then
                    dir ="SHORT";   
                end
               
            end
        end

i also take attention to the spread(H-L) and the tickvolume.

If the Spread is increasing and the volume too, then we take a look to the positon of the closevalue regarding the high and low of the candle.

If the close is closer to the high of the candle increasing spread and volume indicates more buying pressure.
If the close is closer to the low, then we have more selling pressure.


Please check the Ichimoku Meter with Volume if it is better.

ICHMeter_V1_5_Volume.lua

hi gidian
see if this volume indicator can be of some help viewtopic.php?f=17&t=23459&p=40381&hilit=buy+sell#p40381
thanks buy

[MathQuant]

Thank you for ICHMeter_V1_5_Volume.lua
Impressive !