Ichimoku Base Line Signals with Candle Filters

Summary

This strategy calculates the Ichimoku conversion line, base line, leading spans, and lagging span from rolling price highs and lows. Its described entry logic uses the base line as a trend boundary and applies candle-body and candle-color filters. In the source, a long condition requires the candle low to remain above the base line, a sufficiently large body unless that filter is disabled, and a bearish candle unless the color filter is disabled. The short condition mirrors these checks below the base line. Long and short entries can be enabled separately and restricted to a date range.

The document provides default parameters and a one-month BTC/USDT futures backtest period, but no trade results or performance statistics. It recommends stops and suggests tuning parameters and adding volume or other filters, though these enhancements are not demonstrated. The source does not define explicit stop-loss orders, and its long and short signals do not explicitly close the opposing position in the shown rules. Trend signals may lag and can fail during sharp or choppy price moves.

Key ideas

• Ichimoku lines are formed from rolling highs and lows, with the base line serving as the signal boundary.
• Body size and candle direction can be enabled as entry filters.
• Long and short entries are independently configurable and restricted to a chosen date interval.
• The supplied backtest period has no reported performance results.
• The source does not specify protective stop orders, and trend signals can lag or whipsaw.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.