Strategy · Pine Script v5 · On the chart

Ichimoku Cloud - Eterna

by EternaHybridExchange

This strategy calculates standard Ichimoku Cloud components, including the conversion line, base line, and displaced leading spans.

View on GitHub

GitHub stars9on the repository
Pine versionv5runs as is
Lines of code76
Settings7inputs
LicenceMIT
Last update7 months ago12 Mar 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

76 lines of Pine Script v5 from strategies/trend-following/ichimoku-cloud/strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

strategy.pine
//@version=5
strategy("Ichimoku Cloud - Eterna", 
         overlay=true, 
         initial_capital=10000,
         default_qty_type=strategy.percent_of_equity, 
         default_qty_value=10,
         commission_type=strategy.commission.percent,
         commission_value=0.075)

// ==================== Parameters ====================
conversionPeriod = input.int(9, "Conversion Line Period", minval=1)
basePeriod = input.int(26, "Base Line Period", minval=1)
laggingSpan2Period = input.int(52, "Lagging Span 2 Period", minval=1)
displacement = input.int(26, "Displacement", minval=1)
leverage = input.int(5, "Leverage", minval=1, maxval=100)
positionSize = input.float(0.01, "Position Size", minval=0.001, step=0.001)

webhookMessage = input.string('{"action":"{{strategy.order.action}}", "symbol":"{{ticker}}", "size":' + str.tostring(positionSize) + ', "leverage":' + str.tostring(leverage) + '}', 
                               "Webhook JSON", group="Webhook")

// ==================== Ichimoku Calculation ====================
donchian(len) => math.avg(ta.lowest(len), ta.highest(len))

conversionLine = donchian(conversionPeriod)
baseLine = donchian(basePeriod)
leadLine1 = math.avg(conversionLine, baseLine)
leadLine2 = donchian(laggingSpan2Period)

// Displaced lines for cloud
leadLine1Displaced = leadLine1[displacement]
leadLine2Displaced = leadLine2[displacement]

// ==================== Entry Conditions ====================
// Strong bullish: Price above cloud, conversion above base, bullish cloud
priceAboveCloud = close > math.max(leadLine1Displaced, leadLine2Displaced)
bullishTK = ta.crossover(conversionLine, baseLine)
bullishCloud = leadLine1Displaced > leadLine2Displaced

longCondition = priceAboveCloud and bullishTK and bullishCloud

// Strong bearish: Price below cloud, conversion below base, bearish cloud
priceBelowCloud = close < math.min(leadLine1Displaced, leadLine2Displaced)
bearishTK = ta.crossunder(conversionLine, baseLine)
bearishCloud = leadLine1Displaced < leadLine2Displaced

shortCondition = priceBelowCloud and bearishTK and bearishCloud

// Exit when TK crosses opposite direction
exitLong = ta.crossunder(conversionLine, baseLine)
exitShort = ta.crossover(conversionLine, baseLine)

// ==================== Strategy Execution ====================
if longCondition
    strategy.entry("Long", strategy.long, alert_message=str.replace(webhookMessage, "{{strategy.order.action}}", "buy"))

if shortCondition
    strategy.entry("Short", strategy.short, alert_message=str.replace(webhookMessage, "{{strategy.order.action}}", "sell"))

if exitLong
    strategy.close("Long", alert_message='{"action":"close", "symbol":"{{ticker}}"}')

if exitShort
    strategy.close("Short", alert_message='{"action":"close", "symbol":"{{ticker}}"}')

// ==================== Plotting ====================
plot(conversionLine, "Conversion Line (Tenkan)", color=color.blue, linewidth=1)
plot(baseLine, "Base Line (Kijun)", color=color.red, linewidth=1)

p1 = plot(leadLine1, "Lead 1 (Senkou A)", color=color.new(color.green, 0), offset=displacement)
p2 = plot(leadLine2, "Lead 2 (Senkou B)", color=color.new(color.red, 0), offset=displacement)

// Cloud fill
fill(p1, p2, color=leadLine1 > leadLine2 ? color.new(color.green, 90) : color.new(color.red, 90))

plotshape(longCondition, "Long", shape.triangleup, location.belowbar, color.green, size=size.normal)
plotshape(shortCondition, "Short", shape.triangledown, location.abovebar, color.red, size=size.normal)

Overview

Ichimoku Cloud - Eterna opens long positions when price resides above a bullish cloud and the conversion line crosses above the base line. Short entries occur when price trades below a bearish cloud alongside a downward conversion crossover. Trades are closed when an opposing crossover occurs. Plotted on the price chart with filled cloud visualization, the strategy offers settings for periods, displacement, leverage, and automated webhook JSON alerts. It does not include a predefined stop loss.

Details

Published by

EternaHybridExchange on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Category

Trend

Markets

Crypto

Timeframes

M15-H1, H4 and above

Risk Notes

  • The strategy enters trades without a stop loss

Topics

algorithmic-tradingautomated-tradingbacktestingbybitcrypto-tradingeternamcppine-scripttrading-strategiestradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Conversion Line Periodint9conversionPeriod
Base Line Periodint26basePeriod
Lagging Span 2 Periodint52laggingSpan2Period
Displacementint26displacement
Leverageint5leverage
Position Sizefloat0.01positionSize
Webhook JSONstring'{"action":"{{strategy.order.action}}", "symbol":"{{ticker}}webhookMessage
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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