A Strategy Based on the Ichimoku Study
Thinkorswim Strategy Ichimoku
See exactly how the Ichimoku indicator performs across bear and bull markets. This Thinkorswim custom strategy plots the profit and loss graph for several Ichimoku based setups. Cloud breakouts, or cloud breakdowns, trend continuation, with and without confirming signals. It’s all covered in one package. Track long and short strategies on the same chart. Exits are handled via an adjustable Parabolic SAR. This custom strategy code is provided free of charge. Just look for and click the link embedded within the video to download. Easy to follow instructions are included showing you how to import this custom strategy directly into your Thinkorswim platform.
Link to strategy file: Strat_IchimokuSTRATEGY.ts
Before viewing this video, make sure you have good understanding of Thinkorswim strategies. View this video to get up to speed before proceeding: TOS Strategy Guide
If you are not familiar with the Ichimoku indicator, be sure to check out this video to get up to speed: TOS Scan Ichimoku
For Advanced Users Only:
Take this knowledge to the next level and learn how to automate your trades on Thinkorswim
Thinkorswim Automated Round-Trip Trades
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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I have a MAC computer the strategy for Strat_IchimokuSTRATEGY.ts will not open. Can you email it to me?
Thanks
Kurt
The video includes instructions for both Windows and Mac. Please be sure you have viewed the entire video before requesting assistance. In addition to that, there are several comments already posted on this video for the very same thing you are requesting.
I appreciate your work with this Strategy. The functionality that you demonstrate is great. I am having an issue with the download and import of the file. I am very familiar with the process however my TOS is not recognizing the downloaded file on ,y system. Any thoughts? Is it possible to get just the coat that I can paste into the Create tab to bypass? Thank you and have a great day
This is a Strategy file and the import process is slightly different than importing a Study file. The instructions are included in the video. When viewing my content, be sure to watch the entire video so that you do not miss important details.
Thank you for getting back to me so quickly. I was able to find and import the file. I appreciate all your work.
I noticed in Hubert’s video that he uses the ADX above or below 20 as a trend indication and I did not remember in your video you mentioning it. Do you use it as he does and if so do you have a code for the ADX with a hard coded 20 Line? Thanks and sorry for blowing up your comments section, I am very intrigued by your work.
That’s what the comments for. No need to apologize. Feel free to participate in our Q&A forum. Which is where you will find the custom version of ADX that you described: https://www.hahn-tech.com/ans/nicdmi-study/
The video series are very helpful. Thank you Mr. Hahn. I have some questions in Ichimoku strategy code. The 3rd parameter (Price) in AddOrder Sell_to_Close, you placed min(open, parSAR(0)), what does it exactly mean? How does this Price work with the Condition longExit[-1]? Is there the case in which the open price below the parSAR during uptrend?
That’s exactly right. If the candle opens below the Parabolic SAR during a long position the best exit price you can hope for is at the open of that bar.
Tried to use the link you posted… for TOS it is broken can you send to me
Nope, not broken at all. Works perfectly. Did you watch the entire video? Instructions were included and the most common fault is users trying to open the file instead of following the instructions to IMPORT the strategy file.
Hello Mr. HAHN. GREAT SERVICE AND I COMMEND YOU ON YOUR DEDICATION TO HELPING SO MANY INVESTOR like myself.. QUESTION IS THE ICHIMOKU STRADAGY STILL AVAILABLE FOR FREE DOWNLOAD. The link as listed on your site is not functioning as of 02/25/20. I am new to the think or swim platform and find your work to be outstanding. Thank you again.
Yes, the link is working fine. I just tested it.
Hi, It´s not working on my platform… I am not sure why…. the other ones I added are working fine……. thanks a lot !
Strategy files are different than study files. Did you watch the entire video? Very detailed instructions were provided showing how to do this.
well, looks like a problem with JAVA,.. because I got an error message from TOS…. can you please tell me if you have an script that gives you signal when Stock will reverse to the upside or downside….. thanks !
“…problem with Java…” Very unlikely. What did the error message state? “…have a script that gives you signal when stock will reverse…” That basically includes every single indicator ever written. Need more details. At this point you need to more your questions to the Q&A forum. We really cannot provide detailed assistance in the comments section of a video.
I´m exploring your webpage, really amazed on how to create scripts to get signals. I am doing the condition wizard videos for scans now… Very useful, I Will keep checking and adding some stuff…. Thanks a lot.. I will share about this page to my friends.. 🙂
For some reason I don’t see any long entry signals on any chart I look at. I downloaded and imported the strategy as described. Any help appreciated.
We need some details. What time frames and ticker symbols have you tried?
Loving your site here learning so so much, more than most paid sites – Question I don’t seem to have Clouds on my charts, can you advise?
I also don’t have the green bars at the bottom. Really trying to see how this (with Huberts Videos could help vs Top Dog Trading (Barry Burns). Cheers
The “green bars”. That is called “FloatingPL”. You turn that on through the global settings. You probably should start out with our original Strategy Guide video to learn the basics before you get to deep into this more advanced video: https://www.hahn-tech.com/thinkorswim-strategy-guide/
The strategy does not plot the Ichimoku. You will need to add the standard Ichimoku to your chart if you want to see those plots.
How do I change the exit from Parabolic SAR to ProfitLX or SX? Thanks
Sorry but the Parabolic SAR is fully integrated with this code and cannot be disconnected without major modifications.