Ichimoku cloud extended signals

Published: 12 September 2024| Version 1 | DOI: 10.17632/w6brsyfbm3.1
Contributors:
Mahdi Bahaghighat, Mohammad Ahmadi, Ali Hassanzadeh

Description

The Ichimoku Cloud comprises a set of technical indicators designed to illustrate support and resistance levels, along with trend direction and market momentum. This is actually can be achieved by calculating various averages. It utilizes these calculations to create a "cloud" that aims to predict potential future support or resistance levels for the price. Then, the cloud displays them on a chart. Ichimoku cloud's basic signals including the Conversion Line, Base Line, Leading Span A, Leading Span B, and the Lagging Span, provides an insightful depiction of market trends, as well as support and resistance areas and potential turning points. We created our own dataset found on novel perspective of Ichimoku signals with proposing fifty novel features (extended signals) extracted of these two categories. In addition, the dataset includes two outputs (predictions) named "next day candlestick price" and "next day candlestick color" for regression and classification problems, respectively. It aims to allow machine learning models to explore complex patterns by extracting new extended signals, and adapting effectively to Bitcoin (BTC) price fluctuations that can lead to a model with higher accuracy. In the end, it is worthy to mention that the dataset includes Bitcoin daily information from 1/1/2012 to 8/6/2022.

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Institutions

Imam Khomeini International University

Categories

Finance, Price, Machine Learning, Regression Model, Stock Price, Price Forecasting, Cryptocurrency, Bitcoin

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