OPEN-SOURCE SCRIPT
Ichimoku 4H crypto strategy -- LONG ONLY
This is a LONG ONLY strategy for 4h timeframe of any Cryptocurrency/USD pairs. The strategy opens only 1 position at a time with the following conditions.
Open Long Position when:
1. Closed price above cloud AND
2. Green cloud ahead AND
3. Conversion line above Baseline AND
4. Lagging span above cloud and price action AND
Close trade when:
1. Lagging span gets below price action or cloud OR
2. Price gets inside the cloud OR
3. Price gets below baseline
You can use it on a lower timeframe at YOUR OWN RISK. My optimal timeframe is 4 Hour candles.
Cheers.
Open Long Position when:
1. Closed price above cloud AND
2. Green cloud ahead AND
3. Conversion line above Baseline AND
4. Lagging span above cloud and price action AND
Close trade when:
1. Lagging span gets below price action or cloud OR
2. Price gets inside the cloud OR
3. Price gets below baseline
You can use it on a lower timeframe at YOUR OWN RISK. My optimal timeframe is 4 Hour candles.
Cheers.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.