Ichimoku Extension - Financial Tech Wiz V7

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Ichimoku Extension - Financial Tech Wiz

The Ichimoku Extension by Financial Tech Wiz is an advanced tool that builds upon the classic Ichimoku indicator, providing enhanced clarity and actionable insights for traders. This indicator is designed to make interpreting Ichimoku signals easier and more intuitive.

Key Features:
Automated Long and Short Signals:
Detects Tenkan-Kijun (TK) crossovers and plots long and short signals directly on the chart for clear entry and exit points.

Extended Support and Resistance Levels:
Plots extended lines for support (green) and resistance (red), visually extending Ichimoku’s current levels.
Displays the price values of these levels in the top-right corner of the chart, making them easy to reference. They are also color-coded with green as supports and red as resistance.

Trend Identification with Linear Regression:

Incorporates a linear regression line to analyze the overall trend direction.
The regression line is calculated based on the slope of the Ichimoku cloud over a customizable number of periods, providing a clear visualization of the broader market trend.

Customizable Settings:
Offers flexibility to adjust parameters like the regression period, making the indicator adaptable to various markets and trading styles.

Why Use This Indicator?
The Ichimoku Extension simplifies the complexity of the traditional Ichimoku system while introducing new features to help traders easily identify trends, support, and resistance levels. Whether you're a beginner or an experienced trader, this indicator provides the tools you need to trade with precision.

Disclaimer
This indicator is for informational and educational purposes only. It is not financial advice, and we do not guarantee the accuracy, reliability, or profitability of its signals. Use this tool at your own risk, and always perform your own due diligence before making trading decisions. Past performance does not guarantee future results. This script complies with TradingView's House Rules and is intended to assist traders in their analysis, not to provide definitive trade recommendations.

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ملاحظات الأخبار

Ichimoku Extension - V7.1 Release Notes
Updated long and short banners to be less intrusive on the candles.