Ichimoku

Many traders have had challenges trading the JPY pairs. However the Japanese traders have had large amounts of success in trading their native currency. This is not just due to familiarity, but the approach and indicators they use to measure key levels for these pairs - the Ichimoku Cloud.

This indicator is not only easy to learn, but highly accurate in giving JPY trading signals. When one learns how to use it correctly, one can build a very high accuracy and profit ratio trading the JPY pairs which can be some of the most volatile. Taking this class can give you a chance to master trading the yen and learn a unique approach to trading the Asian pairs as a whole.

A very interesting indicator that uses values from Ichimoku .

https://www.mql5.com/en/articles/1501

And someone has already created an EA for that .

Taichi DeMarker EA

Stock Market Review Ichimoku, Candlestick and Fibonacci analysis for September 3rd 2015

How's it going im new here great work by the way, but not sure if it's just my metatrader or not I downloaded tickichimoku v1.2 and tickchannelstop it just shows as blank any advice?...everything i downloaded here works great just those 2

Originally Posted by jamesdelz

How's it going im new here great work by the way, but not sure if it's just my metatrader or not I downloaded tickichimoku v1.2 and tickchannelstop it just shows as blank any advice?...everything i downloaded here works great just those 2

You need to use TickIchimoku_v1.2 600+ indicator from this post (premium section) and updated tickchannelstop:

- TickPriceChannel_Stop_v2 600+ indicator is on this post. This indicator is having almost the same functionality as the PriceChannel_Stop_v9.2 600+ indicator. This version works with Metatrader 4 build 600 and above.
- TickPriceChannel_Stop_v2.1 600+ indicator is on this post. This indicator is having the same functionality as the PriceChannel_Stop_v9.2 600+ indicator with the ability to show the price level. The version works with Metatrader 4 build 600 and above.
- TickPriceChannel_Stop_v2.2 600+ indicator is on this post. This is updated indicator with ability to see the stop level price. The version works with Metatrader 4 build 600 and above.

-----------
Anyway, if you attach any tick indicator to the chart - it will be blank in the beginning, and indicator will draw the lines by the ticks coming.

For example, I just attached tickichimoku indicator:

2 minutes later:

Ichimoku Strategies Webinar

Ichimoku indicator description

1. Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
2. Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
3. Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
4. Senkou Span B - the average of the highest high and lowest low over the last 52 days, plotted 26 days ahead. (Highest high + Lowest low) / 2 over the last 52 trading days plotted 26 days ahead.
5. Chikou Span - the closing price plotted 26 days behind.

Ichimoku wiki is here. This is really good wiki just to understand all the signals based on Ichimoku indicator.

This video discusses the mentality of traders after losing trades and also about understanding the structure of the market.

Ichimoku Cloud -- Don't be caught out by false signals!

Ian is going to discuss the all the aspects of trading the Ichimoku Cloud, a subject that is not well known in the Western World. The cloud is not purely used as support and resistance but has complex trigger lines (Kijun-Sen and Tenkan Sen), with specific rules that need to applied to ensure false breakouts.