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Re: Indicators with background Zones

#15
太虚一毫 wrote:
Mon Oct 25, 2021 3:11 am
These two indicators also belong to this category. :thumbup:
Image

It seems that clicking the button can refresh the regional indicators.

Therefore, expect teachers to add buttons for background area indicators such as Schaff_Trend_cycle_1_zones and dema MACD zones amp alerts 2 when they have free time. Boundless merit! :thumbup:


Re: Indicators with background Zones

#19
Kijun-Sen Tape Zone
Banzai wrote:
Tue Jan 28, 2020 12:12 pm
Image

According to this ebook by Akira Takahashi which cost $US0.99 on Amazon:

Ichimoku Thunder and Lightning Clouds was a concept of trading built by floor traders in Tokyo to teach new traders how to trade a fusion of price action and Ichimoku using not one cloud or kumo but two. Dive into this unique concept beyond the traditional Ichimoku standard.

Here are the settings for MT4:
Fast Kumo = Lightning Kumo Cloud = (7,12,15)
Slow Kumo = Thunder Kumo Cloud = (7,21,48)

On the TradingView platform, use:
Fast Kumo = Lightning Kumo Cloud = (7,12,15,6)
Slow Kumo = Thunder Kumo Cloud = (7,21,48,21)
So,
Fast Kijun-Sen = 12
Slow Kijun-Sen = 21

Background Zones can be turned on or off.
No MTF yet.

Download at:
viewtopic.php?p=1295448952#p1295448952
Kijun Tape.png

Re: Indicators with background Zones

#20
Kijun-Sen Tenkan-Sen Tape Zones
from wiki:
Tenkan-sen
Tenkan-sen (転換線) calculation: (highest high + lowest low)/2 for the last 9 periods.

It is primarily used as a signal line and a minor support/resistance line. Tenkan Sen (red line): This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods. The Tenkan Sen is an indicator of the market trend. If the red line is moving up or down, it indicates that the market is trending. If it moves horizontally, it signals that the market is ranging.

Kijun-sen
Kijun-sen (基準線) calculation: (highest high + lowest low)/2 for the past 26 periods.

This is a confirmation line, a support/resistance line, and can be used as a trailing stop line. The Kijun Sen acts as an indicator of future price movement. If the price is higher than the blue line, it could continue to climb higher. If the price is below the blue line, it could keep dropping.
You can turn the Zones on or off.
And you can turn Kijun & Tenkan lines on or off.
No MTF and no alert yet.

Download at:
viewtopic.php?p=1295448954#p1295448954
KijunTenkanTape.png


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