Fukuiz

Fukuiz Octa-EMA + Ichimoku

Fukuiz Updated   
This indicator base on EMA of 8 different period and Ichimoku Cloud.

#A brief introduction to Ichimoku #

The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.

#A brief introduction to EMA#
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.

I combine this together to help you reduce the false signals in Ichimoku.

#How to use#
EMA (Color) = Bullish trend
EMA (Gray) = Bearish trend

#Buy condition#
Buy = All Ema(color) above the cloud.
#Sell condition#
SELL= All Ema turn to gray color.
Release Notes:
Add alert condition
Release Notes:
Minor fix
-Edit alert condition
Release Notes:
Minor Fix
-Add Buy/Sell Signal.
-Edit Alert Condition.
Release Notes:
-Fix Buy Alert
Release Notes:
Update
-Add EMA 50/100//200
-Add new alert

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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