OPEN-SOURCE SCRIPT
Ichimoku Optimizer (No Tenkan Signals)
This indicator brute-force tests Ichimoku parameter combinations and automatically plots the best-performing setup.
What it does:
Optimizes Kijun and Displacement across user-defined ranges.
Keeps Senkou B automatic as 2 x Kijun.
Uses Tenkan only to compute Senkou A ((Tenkan + Kijun) / 2), not for entries/exits and not plotted.
Runs long-only performance scoring using cumulative % return.
Signal logic:
Long condition: price is above the cloud and above Kijun.
Exit condition: price falls below the cloud or below Kijun.
Chikou is not used in conditions.
Output:
Plots best-combo Kijun, Senkou A, Senkou B, and cloud fill.
Optional Long/Exit labels.
Table showing tested combo count, selected best settings, and cumulative return.
Notes:
This is an optimization/analysis tool, not financial advice.
Results are in-sample and can overfit; validate on out-of-sample data before live use.
What it does:
Optimizes Kijun and Displacement across user-defined ranges.
Keeps Senkou B automatic as 2 x Kijun.
Uses Tenkan only to compute Senkou A ((Tenkan + Kijun) / 2), not for entries/exits and not plotted.
Runs long-only performance scoring using cumulative % return.
Signal logic:
Long condition: price is above the cloud and above Kijun.
Exit condition: price falls below the cloud or below Kijun.
Chikou is not used in conditions.
Output:
Plots best-combo Kijun, Senkou A, Senkou B, and cloud fill.
Optional Long/Exit labels.
Table showing tested combo count, selected best settings, and cumulative return.
Notes:
This is an optimization/analysis tool, not financial advice.
Results are in-sample and can overfit; validate on out-of-sample data before live use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.