This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
Strategy · Pine Script v5 · On the chart
Ichimoku Cloud Strategy
This strategy builds Tenkan, Kijun and both Senkou span lines from adjustable periods.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code43
Settings6inputs
LicenceNone stated
Last update1 year ago30 Mar 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Ichimoku Cloud Strategy goes long when price is above both cloud spans and Tenkan is above Kijun, and goes short in the mirror case. Each trade carries an ATR-based stop loss and take profit. The four lines are plotted on the price chart, without the forward shift of a standard cloud. Orders use all available equity by default.
- Tenkan, Kijun and Senkou span calculation
- Cloud and line position entry rules
- ATR-based stop loss and take profit
- Adjustable Ichimoku periods
Details
Published by
pcjtse on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Tenkan Period | int | 9 | tenkanPeriod |
| Kijun Period | int | 26 | kijunPeriod |
| Senkou Span B Period | int | 52 | senkouSpanBPeriod |
| ATR Period | int | 14 | atrPeriod |
| ATR Multiplier | float | 2.0 | atrMultiplier |
| Stop Loss ATR Multiplier | float | 3.0 | stopLossMultiplier |
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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