This is an enhanced version of the normal Ichimoku indicator, which is combined with ADX/DMI and SAR to filter the trading signals.
The ADX/DMI uses the standard 14 periods, and the SAR uses the standard settings of 0.02/0.2/0.02.
The signals are basically the same, but the Ichimoku definition for Strong is somewhat eased and filtered afterwards based on ADX/DMI and SAR signals.
Alerts
- When the signal becomes Strong
- When the TenkanSen crosses the KijunSen
- When price breaks out of the Cloud
- When the DMI becomes Strong
Signals
| Strong Long | When the Tenkan is above the Kijun, the price is above both and the ADX/DMI and SAR are Strong Long |
| Weak Long | When the Tenkan is above the Kijun, the price is above the Kijun but below the Tenkan and the ADX/DMI and SAR are Long |
| None | When all other conditions aren’t valid |
| Weak Short | When the Tenkan is below the Kijun, the price is above the Kijun but below the Tenkan and the ADX/DMI and SAR are Short |
| Strong Short | When the Tenkan is below the Kijun, the price is below both and the ADX/DMI and SAR are Strong Short |
Settings
| Display Cloud Only | If checked all plots are hidden except the cloud |
| Adjust Chart Margins | If checked the right chart margin is enlarged enough to see the future cloud |
| Fast Period | The period for the TenkanSen, default is 9 |
| Medium Period | The period for the KijunSen, default is 26 |
| Slow Period | The period for the SenkouSpanB, default is 52 |
| Cloud Opacity | The percentage opacity of the cloud, where 100 is fully opaque and 0 is fully transparant |
| Cloud Color Up | The color for an ‘up’ cloud |
| Cloud Color Down | The color for a ‘down’ cloud |
| Cloud Displacement | The number of bars to shift the cloud forwards. Default is 26 |
| Hide background | If unchecked the background will be colored red or green when the Tenkan/Kijun direction aligns with the SAR and the DMI, and the ADX is rising |
| Show falling ADX candles | If checked the candles will be colored cyan when the ADX is falling or flat |
| Plots | The style of the different plots |
| Long signal | The marker for the start of a Strong Long signal |
| Short signal | The marker for the start of a Strong Short signal |