Ichimoku number theory indicator

• 09/23/2017 at 11:56 AM #47046
  Despair

  This indicator is based on Ichimoku number theory. It marks a SwingLow/SwingHigh defined by a special fractal-pattern and the following fractals of count 9, 17, 26, 33 and 42 which according to Ichimoku number theory are interesting levels where a reversal might take place.

  The indicator marks additional 2 SwingHighs/SwingLows and there following fractals according number theory within the first 42 bars after the 1st SwingHigh/SwingLow.

  42 bars after the initial SwingHigh/SwingLow the logic is reversed and the indicators marks the opposite (if it marked SwingHighs before, it will switch to marking SwingLows and vice versa).

  2 users thanked author for this post.

  Alai-n, juanj

  

  Despair

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  09/23/2017 at 1:43 PM #47054
  juanj

  Excellent job Despair, your screenshot had some numbers and sometimes the 3rd number series omitted though?

  I have added the missing numbers encircled in the attached screenshot. Can you maybe just have a look…

  It is important that all 3 sets are always completed up to the number 42, as it is usually in my experience the 3rd set (blue in your case) that is the most indicative of the three.

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  Alai-n

  

  juanj

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  09/23/2017 at 1:48 PM #47057
  Despair

  There is something wrong, you are right. I will correct that. Sorry for this. I should have checked more closely.

  

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  09/23/2017 at 2:03 PM #47059
  juanj

  No problem Despair happens to the best of us.

  Attached is a screenshot with some observations based on the final blue number series.

  Maybe we should highlight the numbers of the 3rd (blue series) with an arrow between the number and the bar high/low.

  I’m still trying to figure out how to make use of number theory to add or reduce risk, but so far I have definitely found there is something a bit more than coincidence that cannot be ignored.

  This indicator is but the tip of the iceberg for a complete Ichimoku strategy, apparently, this needs to be combined with Ichimoku Price, Wave and Time Theory to really ‘get it’

  Goichi Hosada (architech of Ichimoku) once said that “Of the 10,000 or so people who are practicing and trading ichimoku, only about 10 really understand it.”

  

  juanj

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  09/23/2017 at 2:19 PM #47061
  Despair

  Here comes the corrected version. I hope I didn’t miss anything more.

   

  
  @Nicolas: Please use this corrected version for the library. Sorry for submitting something faulty. 🙁

  

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  09/23/2017 at 2:28 PM #47064
  Despair

  Please elaborate on this arrows. Where shall the arrows point? I think there is only an arrow up and an arrow done. Just drew arrows point diagonal or horizontal. 🙂

  Do you want on each blue Swinghigh an arrow down and an arrow down for Swinglows?

  

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  09/23/2017 at 2:46 PM #47065
  juanj

  That is correct, for blue number above candles a down arrow closer to the high and for blue numbers below candles an up arrow closer to the low.

  Attached another annotated screenshot showing the significance of the blue number sets. You’d have to agree its very interesting!

  Also maybe just note the position of that first swing high, appears to be over the swing low not swing high for some reason.

  

  juanj

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  09/23/2017 at 3:20 PM #47068
  Despair

  I will fix the arrows little later, just want to go out for little jogging (must move and can’t only sit all day in front of the monitor.

  And shit you are right again. This SwingHigh are little of track – I will fix that too. :-S

   

   

  

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  09/23/2017 at 3:23 PM #47069
  juanj

  Think I found your error on line 72, you draw the number at barindex -4 -4 instead of only barindex -4

  //Identify the 1st swing high if not swinghigh and highnext then If high[4] > highest[4](high) and high[4] > highest[4](high)[5] Then SwingHigh = high[4] //(4 lower highs on left and 4 lower highs on right) Endif elsif swinghigh>0 then i=i+1 IF i=1 or i=9 or i=17 or i=26 or i=33 or i=42 then drawtext("#i#",barindex-4-4,high+pipsize*10) coloured(255,0,0)

  1 2 3 4 5 6 7 8 9 10

  //Identify the 1st swing high   if not swinghigh and highnext then If high[4] > highest[4](high) and high[4] > highest[4](high)[5]  Then SwingHigh = high[4] //(4 lower highs on left and 4 lower highs on right) Endif elsif swinghigh>0 then i=i+1 IF i=1 or i=9 or i=17 or i=26 or i=33 or i=42 then drawtext("#i#",barindex-4-4,high+pipsize*10) coloured(255,0,0)

   

  

  juanj

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  09/23/2017 at 3:25 PM #47070
  Despair

  Please try the attached version and look if all numbers are at the right place. The arrows I fix after my jogging round.

  

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  09/23/2017 at 3:32 PM #47072
  Despair

  …and here the version with arrows. But now I go jogging! 😉

  

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  09/23/2017 at 3:53 PM #47075
  juanj

  After digging some more I found some other issues (coders life I suppose);

  1. The red numbers are all shifted right by 1 bar (managed to correct this by offsetting to barindex-5 and not -4)
  2. It appears there are instances where the blue swing high series in some cases are missing, but mostly it is there :/

   

  

  juanj

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  09/23/2017 at 4:27 PM #47080
  Despair

  1.) I was thinking the same but I wanted to stick to your code for finding the. Then I’m wondering why it is not the same for the blue and green series but we simply correct the red one and are happy about the others. 😛

  2.) There is no blue (3rd) series if there isn’t a 3rd fractal within 42 bars after the very first one (this was your rule). Can this be the reason?

  

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  09/23/2017 at 10:28 PM #47085
  juanj

  I appreciate your time spent on this so far. With regards to point 2, I will work through some examples tomorrow to be sure.

  What is your feeling about this indicator? Possibly worth something in your opinion?

  I will spend some time tomorrow working through some charts trying to figure out a way to read good quality signals of it.

  

  juanj

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  09/23/2017 at 10:57 PM #47087
  Despair

  I think it was like i suggested for number 2. I checked and it was only in a prolonged downtrend that no third series of highswings was shown. Anyway, you may double check.

  You contribute a lot to the forum so I’m happy to help you where I can and Yes, I agree this indicator shows potential which should be investigated further.

  

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