Multi Timeframe Silent Ichimoku — Indicator by Blockhead305

ichimokuclouds ichimokukinkohyo ichimoku_trader

Multi Timeframe Silent Ichimoku
Is an upgrade on my previous Silent Ichimoku indicator witch attempts to filter out the noise from the Ichimoku indicator By only coloring the bars

Green if the Ichimoku spots an uptrend

Red if Ichimoku spots a downtrend

And Gray if Ichimoku spots consolidation

This Indicator adds the ability to filter out some bad signals by taking the Ichimoku from the higher time frame into consideration and providing a visual back test

Huge shout out to fareidzulkifli for the Quick Backtest Framework Awesome tool to add to your framework

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.

Want to use this script on a chart?