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Ichimoku

This is a discussion on Ichimoku within the HowToBasic forums, part of the Announcements category; I am continuing with the theory. Basicly I am not fully agree with those signals: because I know 6 signals, ...

      
   
  1. #21
    Administrator newdigital's Avatar
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    I am continuing with the theory. Basicly I am not fully agree with those signals: because I know 6 signals, not 5; and because some signals (described by author of this indicator) are different from what I am explaining here ... but it is the other story and we will discuss it later. So, for now - some proven theory "as is".

    3. Kumo Breakout
    The Kumo Breakout signal occurs when the price leaves or crosses the Kumo (Cloud).

    3.1. A bullish signal occurs when the price goes upwards through the top of the Kumo.

    3.2. A bearish signal occurs when the price goes downwards through the bottom of the Kumo.

  2. #22
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    thank you

    Quote Originally Posted by igorad View Post
    Hi wanaxau,

    Please check out IchimokuHisto_v1 indicator which I developed according to your logic.

    Attachment 1674

    Regards,
    Igor
    thank you Igor, maybe a little bit change based on my logic before.

    first - the color must be gray if chinkou between High - Low candlestick:

    Ichimoku-grey.png

    second - histogram position.
    26 shift forward:

    Ichimoku-red-histogram2.png

    or

    Ichimoku-red-histogram3.png

    I'm sorry to Newdigital for my posting here. I'm sure this very useful in the future. I have other histogram (tenkan vs kijun and candlecloud or candle vs kumo) but i don't have one, chinkou vs candle.

    I found all of them from searching on google. here it is:

    PReview:

    Ichimoku-previe-tenkan-kijun-kumo.png

    Indicator
    Kumo vs Candle.ex4
    Tenkan Sen-Kijun Sen Histo2.ex4
    Last edited by wanaxau; 06-26-2013 at 08:43 PM. Reason: attachment
    isaacvj likes this.

  3. #23
    Junior Member sohocool's Avatar
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    Hi Wanaxau,

    The chinkou is the price shifted (-26).

    We can think chinkou have high and low , as the price

    Ichimoku-chinkou.png

  4. #24
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    Quote Originally Posted by sohocool View Post
    Hi Wanaxau,

    The chinkou is the price shifted (-26).

    We can think chinkou have high and low , as the price


    yes sohocool, you were absolutely right, i mean histogram would be change into gray color if chinkou as the line between that candle (high and low shifted -26).
    Last edited by wanaxau; 06-26-2013 at 08:57 PM.

  5. #25
    Developer igorad's Avatar
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    Hi Wanaxau,

    I think it's correct now.

    Ichimoku-ichihisto_1.2.png

    Regards,
    Igor
    Attached Files Attached Files
    isaacvj likes this.

  6. #26
    Administrator newdigital's Avatar
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    Ichimoku Signals

    1. Tenkan Sen / Kijun Sen Cross
    The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).

    1.1. A bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen
    • A weak bullish signal occurs when the cross is below the Kumo.
    • A neutral bullish signal occurs when the cross is inside the Kumo.
    • A strong bullish signal occurs when the cross is above the Kumo.



    1.2. A bearish signal occurs when the Tenkan Sen crosses from above to below the Kijun Sen
    • A weak bearish signal occurs when the cross is above the Kumo.
    • A neutral bearish signal occurs when the cross is inside the Kumo.
    • A strong bearish signal occurs when the cross is below the Kumo.
    2. Kijun Sen Cross
    The Kijun Sen Cross signal occurs when the price crosses the Kijun Sen (Standard line).

    2.1. A bullish signal occurs when the price crosses from below to above the Kijun Sen
    • A weak bullish signal occurs when the cross is below the Kumo.
    • A neutral bullish signal occurs when the cross is inside the Kumo.
    • A strong bullish signal occurs when the cross is above the Kumo.



    2.2. A bearish signal occurs when the price crosses from above to below the Kijun Sen
    • A weak bearish signal occurs when the cross is above the Kumo.
    • A neutral bearish signal occurs when the cross is inside the Kumo.
    • A strong bearish signal occurs when the cross is below the Kumo.

    I am continuing with the theory. Basicly I am not fully agree with those signals: because I know 6 signals, not 5; and because some signals (described by author of this indicator) are different from what I am explaining here ... but it is the other story and we will discuss it later. So, for now - some proven theory "as is".

    3. Kumo Breakout
    The Kumo Breakout signal occurs when the price leaves or crosses the Kumo (Cloud).

    3.1. A bullish signal occurs when the price goes upwards through the top of the Kumo.

    3.2. A bearish signal occurs when the price goes downwards through the bottom of the Kumo.

    4. Senkou Span Cross
    The Senkou Span Cross signal occurs when the Senkou Span A (1st leading line) crosses the Senkou Span B (2nd leading line).
    As the Senkou Spans are projected forward, the cross that triggers this signal will be 26 days ahead of the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal (not the trigger) to the Kumo (Cloud).

    4.1. A bullish signal occurs when the Senkou Span A crosses from below to above the Senkou Span B
    • A weak bullish signal occurs if the current price is below the Kumo.
    • A neutral bullish signal occurs if the current price is inside the Kumo.
    • A strong bullish signal occurs if the current price is above the Kumo.



    4.2. A bearish signal occurs when the Senkou Span A crosses from above to below the Senkou Span B
    • A weak bearish signal occurs if the current price is above the Kumo.
    • A neutral bearish signal occurs if the current price is inside the Kumo.
    • A strong bearish signal occurs if the current price is below the Kumo.

  7. #27
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    Quote Originally Posted by igorad View Post
    Hi Wanaxau,

    I think it's correct now.

    ---

    Regards,
    Igor
    Now I have a complete ichimoku histogram.

    Ichimoku-complete-histogram.png

    Perfect! Thank You Igor.
    -wana xau-
    Last edited by wanaxau; 06-28-2013 at 08:28 AM. Reason: picture added

  8. #28
    Administrator newdigital's Avatar
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    5. Chikou Span Cross
    The Chikou Span Cross signal occurs when the Chikou Span (Lagging line) rises above or falls below the price.
    Note that the Chikou Span must be rising when it crosses to above the price for a bull signal and falling when it crosses to below for a bear signal; just crossing the price alone is not sufficient to trigger the signal.
    As the Chikou Span is the closing price shifted into the past, the cross that triggers this signal will be 26 days behind the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal (not the trigger) to the Kumo (Cloud).

    5.1. A bullish signal occurs when the Chikou Span rises from below to above the price
    • weak bullish signal occurs if the current price is below the Kumo
    • neutral bullish signal occurs if the current price is inside the Kumo
    • strong bullish signal occurs if the current price is above the Kumo



    5.2. A bearish signal occurs when the Chikou Span falls from above to below the price
    • weak bearish signal occurs if the current price is above the Kumo
    • neutral bearish signal occurs if the current price is inside the Kumo
    • strong bearish signal occurs if the current price is below the Kumo

  9. #29
    Administrator newdigital's Avatar
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    Please find Ichimoku alert indicator (attached) for Metatrader 5 timeframe coded by Igorad yesterday.

    Just about the settings. Please note : most of signals for buy (by blue color) are valid if the price is above kumo on that time, and most sell signals (red arrows) are valid if the price is below kumo (kumo = Ichimoku cloud). Why? Because using this indicator for technical analysis and for trading are 2 different things (this indicator is used for technical analysis for one way, and for trading - for an other way - using same signals and same arrows).

    If we need to improve it - let me know. Because those signals are coded in non-swing way (without 'candlestick theory' for example).

    ===========

    Explanation of the settings.

    1. Ichimoku settings. As I said - this 9/26/52 is for timeframe started with H1 for example, for lower timeframe - I am suggesting to use 72/144/288

    • Tenkan = 9; // Tenkan-sen
    • Kijun = 26; // Kijun-sen
    • Senkou = 52; // Senkou Span B

    --------------------

    2. Arrows on the chart

    SignalMode = 4; // Signal Mode: 0-off, 1-Tenkan/Kijun, 2-Chinkou/Cloud, 3-Chinkou/Price, 4-all together

    How to know which arrows for which signal? Move mouse on the arrow and you will see the text with description concerning what this arrow is about.

    --------------------

    3. Alerts (on close bar)

    AlertMode = 4; // Alert Mode: 0-off, 1-Tenkan/Kijun, 2-Chinkou/Cloud, 3-Chinkou/Price, 4-all together

    I tested some of those alerts and it works.

    --------------------

    4. WarningMode = 1; // Warning Mode: 0-off,1-on

    This is alerts on open bar as a warning about 'crossing will be soon'.

    ===========

    Ichimoku-usdjpy-h4-metaquotes-software-corp-ichi.png


    Ichimoku-usdjpy-d1-metaquotes-software-corp-ichi.png
    Attached Files Attached Files

  10. #30
    Administrator newdigital's Avatar
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    Quote Originally Posted by newdigital View Post
    Please find Ichimoku alert indicator (attached) for Metatrader 5 timeframe coded by Igorad yesterday.

    Just about the settings. Please note : most of signals for buy (by blue color) are valid if the price is above kumo on that time, and most sell signals (red arrows) are valid if the price is below kumo (kumo = Ichimoku cloud). Why? Because using this indicator for technical analysis and for trading are 2 different things (this indicator is used for technical analysis for one way, and for trading - for an other way - using same signals and same arrows).

    If we need to improve it - let me know. Because those signals are coded in non-swing way (without 'candlestick theory' for example).
    This indicator was improved by Igorad :

    • warning alert was improved by SoundsNumber parameters (number of sounds after signal) and SoundsPause parameter (pause in sec between sounds)
    • AutoPeriodsDetect parameter. This is autosettings feature: indicator is having default settings with timeframe started from H4, and indicator is automatically placing the settings 72/144/288 started with H1 and smaller timeframe



    Ichimoku-eurusd-m15-metaquotes-software-corp-ichimoku-auto-settings.png



    Ichimoku-eurusd-m15-metaquotes-software-corp-temp-file-screenshot-11670.png


    Improved indicator is attached.
    Attached Files Attached Files

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