inno14

Now_n_Future

Now_n_Future base on Kumo cloud of Ichimoku Kinki Hyo system with detail below:
1. The Now Line
- When price moving above Kumo, color of now line is green.
- When price moving below Kumo, color of now line is red.
- When price moving inside Kumo, color of now line is gray.
- When price go into Kumo, now line appear gray dot.
- When price cross over Kumo, now line appear green dot .
- When price cross under Kumo, now line appear red dot.

2. The Future Line
- When Senkou Span A moving above Senkou Span B, color of future line is green.
- When Senkou Span A moving below Senkou Span B, color of future line is red.
- When Senkou Span A cross over Senkou Span B, future line appear green dot .
- When Senkou Span A cross under Senkou Span B, future line appear red dot.

3. Trading
- When color of both now line and future line is green, consider open Long position or close Short position.
- When color of both now line and future line is red, consider open Short position or close Long position.
Release Notes: Add the Past Line.
* Base on Chikou Line in Ichimoku Kinko Hyo System, the Past Line was build with rule as below:
- Past Line is green: Chikou Span moving above 3 line: price, tenkan-sen, kijun-sen
- Past Line is gray: Chikou Span moving between 3 line price, tenkan-sen, kijun-sen
- Past Line is red: Chikou Span moving below 3 line: price, tenkan-sen, kijun-sen
Release Notes: * Add Arrow.
1. Arrow Up appear when all Lines change to green.
2. Arrow Down appear when all Lines change to red.
Release Notes: * Add Location of Kumo where Arrow appear.
1. Arrow Up location option:
- Green Kumo mean Arrow only apear when price moving above Green Kumo
- Red Kumo mean Arrow only appear when price moving above Red Kumo
- Both mean Arrow not depend on location between price and kumo
- By default Arrow Up opion is Red Kumo
2. Arrow Down location option:
- Green Kumo mean Arrow only apear when price moving below Green Kumo
- Red Kumo mean Arrow only appear when price moving below Red Kumo
- Both mean Arrow not depend on location between price and kumo
- By default Arrow Down opion is Green Kumo
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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Comments

Thanks. How does the Past line inform the Trading?
Reply
inno14 lbrook
@lbrook, When The Past Line change to gray, consider trailing your stoploss, or take care oders opening.
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Thanks for this nice script @inno14 . What parameters should be changed to have a little bit earlier signal ? (by one or two bars, on average, for example).
Reply
inno14 MasBart
@MasBart, I dont think change Ichimoku parameter is a good idea. To get earlier signal you can add oscillator indicator to your chart and find divergence signal. Exam:
- When Future Line is green and Now Line is gray.
- Oscillator indicator (may be RSI, Stochastic, MACD...) have a divergence at bottom with the bottom of price (Higher Low at indicator and Lower Low at Price), you get an early Long signal
Or you can use Price Action patterns.
Reply
MasBart inno14
@inno14, understood, thanks again.
Reply
Nice intuitive way of using ichimoku. Thanks
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