Ichimoku Scanner Dashboard – Extras

S/R Calculation:

It uses: “SS_SupportResistance_v07.53” indicator to calculate SR Lines. Available as extras in link above.

Ichimoku Dash keeps show_zone_turncoat to false in “SS_SupportResistance_v07.53”:

About Turncoat zones: If Support was brokern it will show as turned resistance-zone. Same way if a Resistance is broken it will show as Support.

And Turncoat Zones are not very reliable, and there will be too many of them, so we keep them off.

* If “Check Support/Resistance” true

For BUY Check price distance from Resistance. And for SELL check price distance from Support.

Using the “Min Distance From S/R” values. If Min Distance values are blank, then it will check if price is inside SR Zone or not.

If Min Distance is specified, then it will check if price is at least Min Distance away from center of SR Zone or not.

If safe to trade, show a Green Tick in the BUY/SELL buttons. Else show a Red Cross.

So, if your timeframes are M5,M15,M30 and the “Min Distance From S/R” values are 10,20,30.

Then for BUY for M5, check if price is at least 10 points away from Resistance.

(e.g. for EURUSD if resistance is at 1.10050, then price should be at least below 1.10040).

* If “Only Alerts When Safe S/R” true get Alerts for only Safe trades.

Ignore alerts for other trades where price too close to Resistance (for BUY) or Support (for SELL)

(Note: Only alerts ignored. BUY/SELL buttons will still light up with green/red ticks)

For NRTR: For Buy price should be above blue support and For Sell price should be below red resistance. Min distances are not relevant here.

– Own Pairs List or Select pairs list from drop-down like “Forex Core 7”, “Forex Core 14”, etc.

– Time frames. Possible values: M1,M5,M15,M30,H1,H4,D1,W1,MN1

– Min Distances: 30,40,50

(Converted to points. Eg for H1 EURJPY: if kumo is at 116.800. And this value is 50. It will check if price is at least above 116.850)

– Settings for showing alerts: Popup, email, sound alerts, etc.

– x_axis, y_axis: to position Scanner Dashboard

– fontSize: resize whole panel and fonts. Use fontSize between 5 and 8.

– ColumnsNum: No of Dashboard Columns

– OnButtonClick Open New Window: On clicking any button open that Pair-TimeFrame in a new window with your template:

– Use Template for New Window: Template name without “.tpl”. Eg: Create a file Template1.tpl in templates folder and here specify: “Template1”.

(only works if previous property set to true). Does not work if on button click is set to open in current window.

– Shift: Bar for which all conditions are checked. Candle Shift 0 means current bar (still forming). Candle Shift 1 means last closed bar. And so on…

– Refresh After Ticks (if shift 0): For shift 0 (current candle), wait for this number of ticks before refreshing everytime.

If using higher timeframes use a much higher number like 300 or 500.

– Use Heiken Ashi Price: If true Use Heiken-Ashi bar close price instead of actual bar close.

– Use Stochastic: If true use stochastic indicator to find good BUY/SELL.

If “Only when Overbought/Sold and back” true: Good BUY if Stochastic went Oversold below 80 and back. Good SELL if went OverBought and back.

– Check Price Kumo Breakout: If true check when price breaks Kumo cloud. Upwards means Up trend and Downwards break means downtrend has started

Show Kumo Breakout Past Bars (x): Will show how many bars back the Kumo cloud break happened. When Buy/Sell or B-Zone/S-Zone signal is On.

Keep this to 0 to turn this check off.

– Min Price-Cloud Distance: Minimum distance between price and Kumo Cloud. 

– Max Tenkan Price Distance (comma separated): Maximum Distance in points between Tenkan and Price. If 0 then no check done.

– Tenkan and Kijun Filters with respect to Cloud:
    – Strong Signal: Above/Below: Above for BUY and Below for SELL.
    – Medium Signal: Above/Below Above or Inside for BUY and Below or Inside for SELL.
    – Weak Signal: Anywhere
    – With Price: Price Above/Below Tenkan Line or Kijun Line

– Check Tenkan Kijun Cross: true/false

– Min Tenkan Kijun Distance: If above true then check this Min distance between Tenkan and Kijun.

– Check Chikou Span: true/false

– Min Chikou Distance: If above true then check this Min distance between Chikou and Kumo or Chikou and Price.

– Alert On TK Cross: true: Alert when T & K cross and also show if cross happens above,below or inside Kumo.

For BUY TK Cross Strength:

   TK Cross Up: Above Kumo (Strong)

   TK Cross Up: Inside Kumo (Medium)

   TK Cross Up: Below Kumo (Weak)

Filter On: True means only show Alerts for Medium and Strong TK Cross. Ignore weak signals.

How to Trade:

Best way to use this indicator is with Support and Resistance or TDI Indicator. Or any other indicator which validates strong trend and price is not near an SR Zone.

In general, set Stop-Loss near the Blue Kijun Sen (Base Line). Or use NRTR Support/Resistance for StopLoss.

Set Take Profit near SR line. Or wait for Stochastic to show that signal is oversold/overbought and possibly reversing.

You can also use TK cross in opposite direction as a Closing Trade signal.

Read about basic Ichimoku Strategies here:

https://tradingstrategyguides.com/best-ichimoku-strategy/