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Ichimoku

This is a discussion on Ichimoku within the HowToBasic forums, part of the Announcements category; Introduction to Ichimoku Part 2 In this video we will dive into the most iconic part of the system, the ...

      
   
  1. #141
    Senior Member HuntedRelated's Avatar
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    Introduction to Ichimoku Part 2

    Introduction to Ichimoku Part 2

    Ichimoku-ftse100-d1-alpari-international-limited-2.png


    In this video we will dive into the most iconic part of the system, the cloud!
    In this instance we reccommend getting your head in the clouds with us as we break down the parts and pieces, and all the things it does for us!
    We also jump into the last part of this indicator which is chikou span, the lagging indicator. We explore it's purpose and how to interpret it!



    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.
    Last edited by HuntedRelated; 11-24-2017 at 01:11 PM.
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  2. #142
    Administrator newdigital's Avatar
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    AllKijun-Sen_v1_0 indicator for Metatrader 5 is on this post. This is MTF indicator with ability to use the latest set of averages for the prices pre-smoothing.

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  3. #143
    Senior Member mql5's Avatar
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    Learning the Ichimoku components

    Here we give a quick overview of the Ichimoku components. Next video will talk about reading the market and the signals generated by the Ichimoku. Also we will learn how to trade this system in the next video so keep an eye out!
    The Ichimoku chart is made up of five separate elements which are designed to be considered together as a complete picture to provide a perspective on the equilibrium of the current price. These are:


    1. Tenkan Sen - Turning line
      A moving average of the highest high and lowest low over the last 9 trading days.
    2. Kijun Sen - Standard line
      A moving average of the highest high and lowest low over the last 26 trading days.
    3. Senkou Span A - 1st leading line
      The average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead.
    4. Senkou Span B - 2nd leading line
      The average of the highest high and lowest low over the last 52 days, plotted 26 days ahead.
    5. Chikou Span - Lagging line
      The closing price plotted 26 days behind.

    [COLOR=#666666][FONT=&quot]The area between the two Senkou Spans is called the Kumo (Cloud)[COLOR=#222222][FONT=Verdana]
    Last edited by mql5; 05-10-2018 at 07:13 PM.
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  4. #144
    Senior Member mql5's Avatar
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    Ichimoku - expert for MetaTrader 5

    Ichimoku - expert for MetaTrader 5

    Ichimoku-ichimoku_buy_opening_rule.png
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  5. #145
    Senior Member mql5's Avatar
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    Expert Ichimoku

    Expert Ichimoku - expert for MetaTrader 5

    The Expert Advisor is based on the iIchimoku (Ichimoku Kinko Hyo) indicator. If the last position was closed at a loss, the next one will be opened with the increased volume (the volume increase is one-time, there is no constant volume increase).
    A losing position is tracked in OnTradeTransaction: transaction type Structure of a trade transaction and deal type DEAL_ENTRY_OUT are expected.
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  6. #146
    Senior Member mql5's Avatar
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    Ichimoku Rretracement

    Ichimoku Rretracement - expert for MetaTrader 4

    Ichimoku-emagfwx1298l.png


    "Ichimoku Rretracement" EA Trades when there is a retracement from "ICHIMOKU" levels has Trailing Stop Loss &Take Profit works on all time frames major forex pairs and stocks NASDAQ.
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  7. #147
    Senior Member Taylor Woods's Avatar
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    First Thing.

    The first thing you need to do in order to change the way you trade is to change your beliefs about trading. If you are losing money consistently, itís probably safe to say that you are thinking about the market all wrong and that you need to totally change your beliefs about what*Forex trading success*is all about and how to achieve it. That is how you can go simply with your trades.

  8. #148
    Senior Member ArticleMan's Avatar
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    Trading with the Ichimoku Kinko Hyo

    Introducing the Ichimoku Kinko Hyo

    Trading with Ichimoku Kinko Hyo may sound like an educational course with a dai sensei or grand master, but Ichimoku Kinko Hyo is not a person; it is a technical indicator which was created in Japan, as the name may have given away. It has gathered quite a following and can easily be applied to trading charts, but most traders are likely to be very confused by this five-part indicator which measures momentum, identifies support/resistance levels, suggests potential future trend developments and offers plenty of trading signals along the way. This versatile indicator can be a gold mine of trading information and today we will take a closer look at what the Ichimoku Kinko Hyo looks like, along with some lessons in the Japanese language. After this, you will have a better idea what this indicator can do, how to use it and make an educated decision whether you want to implement it in your daily trading routine.

    Ichimoku-ichimoku_description.jpg


    The Ichimoku Kinko Hyo, which is usually shortened to Ichimoku, was created in the 1930’s by Japanese journalist Goichi Hosoda who used the name Ichimoku Sanjin, which can be roughly translated as “What a man in the mountain sees.” Ichimoku translates to “one look”, and the idea behind this technical indicator was to give traders all the necessary information about an asset with just one look from one multi-faceted indicator. Most traders, especially those who lack the necessary experience, may have given Ichimoku one look and then dismissed it. Given the complexity of it, this hardly comes as a surprise. Kinko means “equilibrium” while Hyo refers to “chart”, therefore Ichimoku Kinko Hyo translates to “one look equilibrium chart.”

    Goichi Hosoda worked on this indicator for over 30 years before publishing it in the late 1960’s, so plenty of research as well as trial & error has gone into creating this technical indicator. Ichimoku is a moving average based trend identification system, but many traders know it for the intense graphics which make any chart look smart; while the kumo or “cloud” created is unique to this indicator. There is a lot more information presented than in just a basic candlestick chart, which is also a Japanese creation from the 18th century by rice trader Munehisa Homma during the Tokugawa Shogunate; and traders who understand how to read charts can greatly benefit from Ichimoku. While Ichimoku was never translated into English, elements of its mathematical formula can be found in the following three theories: Time Theory, Wave Movement Theory and Target Price Theory. This again shows that learning comes before earning.

    The composition of Ichimoku and the Ichimoku Kumo

    Now let’s move past the history lesson and look at the five parts of Ichimoku. This technical indicator consists of the Tenkan-sen, the Kijun-sen, the Senkou Span A, the Senkou Span B and the Chikou Span. The Tenkan-sen is the conversion line; it is calculated by adding the intra-day high and intra-day low over the past nine trading periods and dividing it by two. The Tenkan-sen represents a key support or resistance level and alerts traders to potential reversals. Kijun-sen represents the base line and is calculated adding the intraday high and the intraday low over the past twenty-six trading days and dividing it by two. The resulting trend line also marks key support or resistance levels and additionally confirms a trend change; traders who use trailing stop loss orders often use Kijun-sen to make the necessary adjustments.

    How to Use Ichimoku for Better Entries & Exits

    Now that we have learned about the history and composition of Ichimoku, as well as a little bit of Japanese, it is time to look at how this indicator can help you identify support and resistance levels, confirm trend changes and spot trading opportunities.

    Tenkan-sen: This is a trend indicator and shows traders in one look if the market is trending or ranging; the visuals speak for themselves. Buying an asset during an uptrend when price action is above the Tenkan-sen and selling in a downtrend when price action is below the Tenkan-sen means that trades are trading with the trend. This is a great sub-indicator for trend-following traders. A buy signal is generated when Tenkan-sen crosses above Kijun-sen, while a sell signal flashes when Tenkan-sen crosses below Kijun-sen; some traders act based on a close in price action above or below Tenkan-sen.

    Kijun-sen: Where the Tenkan-sen indicates the current trend or lack thereof, Kijun-sen identifies the possible future trend of an asset. When price action trades above Kijun-sen, the trend is likely to extend further in that direction; the same applies when price action is located below Kijun-sen. This can assist the assessment of the magnitude of a trend extension and help with risk management. Traders may enter a buy order when price action closes above Kijun-sen and a sell order when price action closes below Kijun-sen.

    Ichimoku Kumo: The Ichimoku kumo is formed by the Senkou Span A and the Senkou Span B. When an asset is located above the Senkou Span A, the top line of the Ichimoku kumo serves as the first support level and the bottom line, the Senkou Span B, as the second support level; if an asset is trading below the Senkou Span A, the bottom line forms the first resistance level and the top line the second resistance level. Besides highlighting current support/resistance levels, the Ichimoku kumo also points towards potential future support/resistance levels. A bullish kumo is formed when Senkou Span A trades above Senkou Span B while a bearish kumo is formed when Senkou Span A trades below Senkou Span B. Traders often look for crossovers of Senkou Span A and Senkou Span B in order to spot potential trend changes.

    Chikou Span: This lagging indicator is used to confirm support and resistance levels while trading signals are generated either by crossovers with price action or Tenkan-sen/Kijun-sen. The primary trading signal occurs when Chikou Span crosses price action from the bottom for a buy signal and if it crosses from the top a sell signal is generated. Alternatively, traders can wait for Chikou Span to cross either Tenkan-sen or Kijun-sen before entering a trade.

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