Again, ichimoku based signal generator, this time using the Kijun-sen (Base line) and the Tenkan-sen (Conversion line) to assess price action.
Works best on timeless charts (e.g. Point & Figure, Renko's, ...).
Use with caution !! ... or with very small TP targets !!
This indicator is a modified version of "Technical Ratings" v5.0 available in the public library to provide a quick overview of Technical Ratings in 6 optional timeframes.
- Multi-timeframe Table.
- Display Technical Ratings for "MAs" with a percentage.
- Display Technical Ratings for "Oscillators" with a percentage.
- Display Technical...
Given that we are primarily focussed on trend-following, we built this indicator in a quest to assess the "quality" of a market. It was adapted primarily from methods that trading coach Dr. Van Tharp popularised, namely to do with his SQN.
This indicator has 5 zones that act to classify the market:
Strong Bull - Dark Green
Bull - Green
Neutral - Grey