Welcome traders,

I have made this script wishing a higher gain,

Originally, this strategy is taken from Ichimoku Kinko Hyo

ChinkouPro crossing with price is giving a clear opportunity.
Review it, master it, work it.

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?
// 100416 @TrendoBoom 
study(title="ChinkouPro", shorttitle="Ch_PRO", overlay=true)

src = input(close)
of = input(-9, title="Chinkou'-26'")
// color of 1:0
colo = close >= close[1] ? lime : red 
// plot for chinkou
plot(src, color=blue,offset=of, transp=70, style=line, color=colo,title='Chinkou Span', linewidth=3)
// alert 
alertcondition(close >close[of], title='ChinkouPro crosses Price', message='ChinkouPro and Price have crossed!')
alertcondition(close<close[of], title='ChinkouPro crosses Price', message='ChinkouPro and Price have crossed!')
// Have A Good Day .

//additonal for lazy trader :)
len = input(0,minval=0)
smooth(x) => 
    sma(x, len)
o = smooth(open)
h = smooth(high)
l = smooth(low)
c = smooth(close)
plotcandle(o, h, l, c,color=colo)