Takazudo

2Tier Ichimoku Pyramiding [Takazudo]

Ichimoku based pyramiding strategy example that was tested on 4h TF.
  • makes the first entry when 2Tier Kumo breakout was occurred.
  • makes the extra entries when higher-low (on long) or lower-high (on short) was occurred.
  • uses short term MACD reversal + stop entry as a confirmation of the trend.
  • slack trailing stop loss.
  • changes entry quantity by the percentage of SL.
  • prevents the ranged entry.
This is just an example of how to trade using Ichimoku signals.
Release Notes: added ATR based TP padding
Release Notes: tweaked pyramiding entry timing
Release Notes: Fixed compile error.

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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