Here is an example configuration for setting a long condition using PineScript Ichimoku:
//@version=4
study(title="Ichimoku Cloud", overlay=true)
conversionPeriods = input(9, title="Conversion Line Periods")
basePeriods = input(26, title="Base Line Periods")
laggingSpan2Periods = input(52, title="Lagging Span 2 Periods")
displacement = input(26, title="Displacement")
conversionLine = avg(highest(high, conversionPeriods), lowest(low, conversionPeriods))
baseLine = avg(highest(high, basePeriods), lowest(low, basePeriods))
spanA = avg(conversionLine, baseLine)
laggingSpan1 = close[displacement]
laggingSpan2 = avg(highest(high, laggingSpan2Periods), lowest(low, laggingSpan2Periods))[displacement]
colorCloud = spanA > spanB ? color.green : color.red
fill(spanA, spanB, color=colorCloud, transp=80)
longCondition = crossover(price, spanA) and crossover(price, spanB)
plot(laggingSpan1, linewidth=3, color=color.purple, title="Lagging Span 1")
plot(laggingSpan2, linewidth=3, color=color.orange, title="Lagging Span 2")
plot(conversionLine, color=color.blue, title="Conversion Line")
plot(baseLine, color=color.red, title="Base Line")
This code sets the conditions for a long position, which is when the price crosses above the Ichimoku Cloud (formed by Span A and Span B). The long condition is set using the crossover
function to check for when the price crosses over both Span A and Span B.
Note that this is just an example configuration, and you may need to adjust the settings to match your trading strategy and preferences.
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Asked: 2023-05-06 23:58:14 +0000
Seen: 11 times
Last updated: May 07 '23
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