Chikou Support and Resistance by TheSocialCryptoClub

Name: Chikou Supports and Resistances

Category: Indicator

Timeframe: Any Timeframe.

Description: Chikou Support and Resistance is an indicator which allows to represent on the chart the price structures identified by the cusps formed by the Ichimoku Kinko Hyo Chikou, Chikou is the line chart of close price projected in the past as per Kijun periods.

Suggested usage: Use on any timeframe. It is possible to calculate cusp only in a certain period and in a different time frame, and select those calculated by specific lines.

Technical Details: Internally it uses an Array to store the levels of when the Chikou bounces using the Zig-Zag indicator. At the last bar it prints the various lines on the screen.

- Techniques has been explained by Corrado Rondelli in "Strategie di trading con l’indicatore Ichimoku Kinko Hyo"
- It is based on the Zig-Zag indicator of TradingView to calculate the Zig-Zag.

- Scalping The Bull Indicator:
- Scalping The Bull Training:
- AlgoTrading Training:
- Crypto News:
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.


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?