Ichimoku number theory indicator
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- This topic has 41 replies, 8 voices, and was last updated 4 years ago by Blaise Kinyua.
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09/28/2017 at 12:59 PM #47665
Please share your finding. I am actually amazed at how useful this is at serving as confirmation of major moves.
Combined with Ichimoku Wave Theory to identify target levels this is as close to a ‘magic’ indicator you will likely get 😉
10/02/2017 at 11:50 AM #47988I am fighting with the code (seems at the moment the code wins, outch!). As far as I understand, we take a fractal (zigzag) as base and if we have a new top|bottom we begin to count. Question: Do we wait with counting until we have 3 highs|lows in a row? And if yes, is that the only criteria, or must we also look back? For example, we see on the right side of our reference point 3 new step-ups, do we have to check that the left side of our reference point has made before 3 step-downs – meaning the reference point is a low produce with at least previous 3 down-steps and afterwards 3 up-steps. Could you please help me to get that cleared, please. Thanks
10/02/2017 at 12:18 PM #47992I think you are overanalyzing this. We are simply looking for the highest/lowest candle between two points (shoulder * 2). In other words, if the shoulder is set to 14, we look for the highest high/ lowest low with 14 higher/lower candles on each side. This is is the start of our first number set. The second number set begins as soon as the next high/low candle matching the above criteria is found.
We work with three (I just decided on 3 for completeness sake – no rule governing this) number sets on each side of the price graph, switching from looking for swing lows to swing highs after completion of set number one.
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10/02/2017 at 4:41 PM #48031@ juanj Thanks a lot, it was just too much of Rs and ifs and ups and downs in the code – I always got lost on the way, even with reformatting it. So my base code is different but seems correct and I can go with the rest now.
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02/10/2018 at 3:29 PM #6220502/10/2018 at 7:00 PM #62216have a look here: https://2ndskiesforex.com/trading-strategies/forex-strategies/ichimoku-number-theory-an-introduction/
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02/11/2018 at 1:19 PM #6225401/07/2019 at 4:50 AM #8807601/07/2019 at 8:16 AM #88078This code is not for Pinescript, we are offering free programming support on this forum for the ProRealTime trading platform.
10/14/2020 at 6:31 PM #147418Hi @Despair.
Is this in mql4 and can you share with me?
10/14/2020 at 6:54 PM #147421No @Blaise Kinyua, read post https://www.prorealcode.com/topic/ichimoku-number-theory-indicator/page/3/#post-88078
>> Please update your country flag in your profile. Thank you 🙂 <<
10/14/2020 at 7:07 PM #147422Updated my flag. Thanks.
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