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PDTradingBots

Trading bot scripts

ICHIMOKU SCRIPT DETAILS

Ideal Strategy (as per book)

Bullish :

  • Price is Above Kumo
  • Tenkan is above Kijun
  • Chikou is above the price 26 periods in the past
  • Future cloud - green
  • Price is not far from Kijun and Tenkan
  • Tenkan, Kijun and Chikou are not in a cloud or in the price

Bearish:

  • Price below Kumo
  • Tenkan is below Kijun
  • Chickou is below the price 26 periods in the past
  • Future cloud - red
  • Price is not far from Kijun or Tenkan
  • Tenkan, Kijun and Chikou are not in a cloud or in the price

Tenkan/Kijun Crossover Strategy:

Bullish:

  • Price is above Kumo or it can be a certain distance below non thick Kumo
  • Tenkan crossing Kijun from below to stay above
  • Chikou is in open space
  • None of the elements are in the cloud or if they are it should be a thick cloud
  • Optional: Future cloud is green
  • Optional: Future Kumo is thin

Bearish:

  • Price is below Kumo or it can be a certain distance above non thick Kumo
  • Tenkan crossing Kijun from above to stay below
  • Chikou is in open space
  • None of the elements are in the cloud or if they are it should be a thick cloud
  • Optional: Future cloud is red
  • Optional: Future Kumo is thin

Price Crossover Strategy:

Bullish:

  • Price crosses over Kijun from below
  • If Tenkan is below Kijun then Tenkan should be pointing upwards with its tip while Kijun is flat
  • OR Tenkan is above Kijun (ideal)
  • Chikou is in open space
  • Span B is flat or pointing up
  • If there is a Red Kumo below there should be a green Kumo forming in the future OR at least Span A pointing upwards
  • None of the elements should be in a cloud, if they are it should be a thick cloud
  • Price is not far from Tenkan and Kijun
  • Optional - future cloud is thin

Bearish:

  • Price crosses over Kijun from above
  • If Tenkan is above Kijun then Tenkan should be pointing downwards with its tip while Kijun is flat
  • OR Tenkan is below Kijun (ideal)
  • Chikou is in open space
  • Span B is flat or pointing down
  • If there is a Green Kumo below there should be a Red Kumo forming in the future OR at least Span A pointing downwards
  • None of the elements should be in a cloud, if they are it should be a thick cloud
  • Price is not far from Tenkan and Kijun
  • Optional - future cloud is thin

Kumo Cloud Breakout Strategy:

Bullish:

  • Price closes Above Kumo on particular time period
  • If Tenkan is below Kijun then Tenkan should be pointing up
  • Chikou span is in open space
  • Future Span B is flat or pointing up
  • If future cloud is Red (span A<Span B). Span A should be pointing up
  • None of the elements should be in a cloud, if they are it should be a thick cloud
  • Price is not far from Tenkan and Kijun
  • Optional - future cloud is thin

Bearish:

  • Price closes Below Kumo on particular time period
  • If Tenkan is above Kijun then Tenkan should be pointing down
  • Chikou span is in open space
  • Future Span B is flat or pointing down
  • If future cloud is Green (span A>Span B). Span A should be pointing down
  • None of the elements should be in a cloud, if they are it should be a thick cloud
  • Price is not far from Tenkan and Kijun
  • Optional - future cloud is thin

Cloud Twist Crossover Strategy:

Bullish:

  • Current price is above green cloud (SpanA > SpanB)
  • Price closes Above the cloud on particular time period
  • If Tenkan is below Kijun then Tenkan should be pointing up
  • OR Tenkan is above Kijun (ideal)
  • Chikou span is in open space
  • Span B is flat or pointing up
  • If future cloud is Red (span A<Span B). Span A should be pointing up
  • None of the elements should be in a cloud, if they are it should be a thick cloud
  • Price is not far from Tenkan and Kijun
  • Optional - future cloud is thin

Bearish:

  • Current price is below red cloud (SpanA < SpanB)
  • Price closes Below the cloud on particular time period
  • If Tenkan is above Kijun then Tenkan should be pointing down
  • OR Tenkan is below Kijun (ideal)
  • Chikou span is in open space
  • Span B is flat or pointing down
  • If future cloud is Green (span A>Span B). Span A should be pointing down
  • None of the elements should be in a cloud, if they are it should be a thick cloud
  • Price is not far from Tenkan and Kijun
  • Optional - future cloud is thin