Ichimoku Kinko Hyo Cloud - no offset - no repaint - strategy

Ichimoku Kinko Hyo Cloud - no offset - no repaint - RSI filter - strategy

The indicator contains both the standard Ichimoku Cloud, as well as the one without the visual offset.

The Strategy Tester indicates good backtest results when the Ichimoku Cloud is paired with the RSI.
However, it seems it likes to work more as a standalone system.

The indicator can be easily converted to the study() mode by commenting/uncommenting a few lines,
then the alarms can be configured.

There are entry and exit signals ready to be used by the alert system.

The coloring of the cloud without offset contains all 3 conditions: Uptrend, Downtrend, Transition.
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.

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its repaint...... Delete this please
+8 Reply
Nice script, thanks for sharing. Seems many hours were put into it.

Can anyone tell me why the backtester does not work on hourly charts with default parameters? (100% Equity)

Can only get it to backtest using x Contracts setting.

+1 Reply
KryptoNight gaz_0001
@gaz_0001, Hello, what do you mean by that? You can send me a screenshot.
gaz_0001 KryptoNight
@KryptoNight, Sorry Krypto, it was me!!

I forgot i screwed up your script by unsuccessfully attempting to add backtesting date range filters to it!!!

As soon as i reverted back to your original script it worked perfectly.
Sounds nice, thanks for the work and the easy transition between study and strategy. I hope I am allowed to copy this code to use and tweak it myself :) I will join your discord too for further questions.
+1 Reply
I have seen a lot of published strategies and worked on my own, I think this one is really nice and eyes opener.
Thank for sharing :)
s201331930 s201331930
Can you please explain how RSI works?
Hi Kry
I am getting either a negative netprofit or no data when i select this strategy for indian equities/indicies. can you help
KryptoNight 4ba94e636ce44151aacf39d7234053
@4ba94e636ce44151aacf39d7234053, Hello, increase the Initial Capital
@KryptoNight, HI Krypto. Default captial is sufficient for the contract size. I tried tweaking it anyway. But of no use. Infact i am getting positive Net profit only for 1 day charts and the backtesting is from 1990!!. some of the last open trades is for past 3/4 months! Possible to help me on 5 min or 15 min chart.
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