The Ichimoku_v19 strategy is a trading strategy that uses the Ichimoku Cloud indicator to generate buy and sell signals. Here is a brief description of how the strategy works:
The strategy is designed to be used on the 1-hour timeframe and uses the 4-hour timeframe for informative data. The minimal return on investment (ROI) for a trade is set to 10%.
The stoploss is set at -0.99, which means that if the trade's loss exceeds 99%, the trade will be stopped.
The strategy requires a startup candle count of 150 before it starts producing valid signals.
The strategy uses the Heiken Ashi Candlestick data to calculate the Ichimoku Cloud indicator on the informative timeframe. The Ichimoku Cloud consists of several components, including the conversion line, base line, lagging span, and cloud (senkou span). The strategy looks for specific conditions in the Ichimoku Cloud indicator to generate buy and sell signals. For a buy signal, the strategy checks if the Heiken Ashi candle crosses above the senkou span A or senkou span B on the 4-hour timeframe, while the previous candle's close was below the senkou span A or senkou span B, and the cloud color is green or red, respectively. For a sell signal, the strategy checks if the Heiken Ashi candle's close is below the senkou span A or senkou span B on the 4-hour timeframe. The strategy uses market orders for buying, selling, and stop-loss. The strategy can be used with a whitelist of pairs, and it also downloads and caches informative data for each pair. Overall, the Ichimoku_v19 strategy combines the Heiken Ashi Candlestick data with the Ichimoku Cloud indicator to identify potential buying and selling opportunities in the market.