This forex trading tutorial discusses Ichimoku Kinko Hyo Technical Indicator, Formula Of Ichimoku Kinko Hyo, Tenkan-Sen In Ichimoku Kinko Hyo, Kinjun-Sen In Ichimoku Kinko Hyo, Chinkou Span In Ichimoku Kinko Hyo, Senkou Span “A” In Ichimoku Kinko Hyo, Senkou Spen “B” In Ichimoku Kinko Hyo, Ichimoku Kinko Hyo On The Daily Chart, Description Of Indicator Ichimoku Kinko Hyo, How To Use Ichimoku Kinko Hyo, Pros Of Ichimoku Kinko Hyo, Disadvantages Of Ichimoku Kinko Hyo, Codes Advisors Ichimoku For Metastock And Omega, Strategy Code Ichimoku For Omega Research.
The indicator Ichimoku (Ichimoku) was originally developed in Japan for use in conjunction with candlestick analysis, because the lack of candlestick analysis at independent of its use, was the inability to efficiently and accurately determine the levels of entry and exit, as well as stops and limits.
Ichimoku designed analyst named Goichi Hosoda (Goichi Hosoda) (pseudonym literature Ichimoku Sanzhdin (of Ichimoku Sanjin)) for the Nikkei index. Ichimoku (Ichimoku) is considered to be a trend indicator(although there are elements of countertrend analysis inside it): it gives good signals in the trend and normal signals (at the level of common oscillators in the Ranj).
Graphically Ichimoku indicator consists of 3 independent lines and two lines, between which the area of the price chart is hatched.
Tenkan-sen = (Max (High, N) + Min (Low, N)) / 2, where Max (High, N) - Highest of the highs for a period equal to N-intervals (for example, N days) Min (Low, N), - Minimum minimum for the period equal to N-intervals N - length of the period
Kijun-sen = (Max (High, M) + Min (Low, M)) / 2 M is the length of the period
Chinkou Span = Current Close, shifted back to M
Senkou Span A = (Tenkan-sen + Kijun-sen), shifted forward by M intervals
Senkou Span B = (Max (High, Z) + Min (Low, Z)) / 2, shifted forward by M intervals Z - length of the interval The number of parameters - N, M, Z, indicated by the author himself for the use of Ichimoku is 9, 26 and 52, respectively.
These figures are taken from the following relationships:
9 - one and a half working weeks, 26 - the number of working days in the month (in Japan there were 6 working days a week), and 52 - the number of weeks in a year.
9 weeks are approximately 2 months, 26 weeks are half a year, 52 weeks is a year.
Tenkan-Sen (Tenkan-sen-reverse line) is a short-term trend line showing a "fast" trend. Tenkan-Sen points to the current direction of the short-term trend, being the average of the maximum and minimum prices for a long period of time. Accordingly, if it is directed upwards, it means that there is an uptrend in the market if it moves down, it means a descending trend. If the Tenkan-Sen line is parallel to the time axis, then, most likely, the market is now in the state of a flat.
Kinjun-Sen (Kijun-sen - mainline) is a long-term trend line, (usually considered for 26 periods). Shows a longer-term trend, its direction. Interpretation is the same as for a short-term line.
Senkou-Spen "A", (A Senkou Span - anticipatory line) In general, shows the middle of the distance between Tenkan-Sen and Kindzhun Saint shifted forward by the value of the second time interval. Senkou-Spence "A" is the upper boundary of the cloud, it is believed that it is the line of future resistance and market support.
Senkou-Spen "B" (Senkou Span B - anticipatory line) is calculated as the average of the maximum and minimum prices for the third longer time interval shifted forward by a second time interval Senkou-Spen "B" is the lower limit of cloud Ichimoku, also considered line of future resistance and market support.
The distance between Senkou-Spence "A", Senkou-Spen "B" is usually hatching, forming a kind of "Ichimoku cloud".
Chinkou Span (Chinkou Span) is the line of the closing price chart , usually shifted by 26 periods (ie, the second time interval).
Ichimoku allows you to separate the trend from the flat with some accuracy . And, as many believe with a high probability to bite off part of the trend.
Ichimoku lines immediately respond to the emergence of new extremes and, accordingly, do not lag as sliding.
There is an opinion that the Ichimoku indicator does not work well here, especially if the flat is narrow.
There are several practical examples given on DodaCharts.com on how to use Ichimoku with Doda-Donchian effectively.
advisor code Ichimoku (Ishimoku) for Equis MetaStock (found in the network)
x: = Input ( "period Tenkan-sen", 0, 500, 9); y: = Input ("Kijun-sen period", 0, 500, 26); z: = Input ("Senkou Span B period", 0, 500, 52); ts: = (HHV (H, x) + LLV (L, x)) / 2; ks: = (HHV (H, y) + LLV (L, y)) / 2; tsksh: = (ts + ks) / 2; ssa: = Ref (tsksh, -y); ssbz: = (HHV (H, z) + LLV (L, z)) / 2; ssb: = Ref (ssbz, -y); {If (DayOfWeek () = 1 OR DayOfWeek () = 3 OR DayOfWeek () = 5, ssa, ssb);} If (Mod (Cum (1), 2) = 1, ssa, ssb); ts; ks; ssa; ssb;
Cloud Inputs: Standard (26), Turning (9), Delayed (52); Variables: Stdline (0), TurnLine (0), Span1 (0), SPan2 (0); StdLine = (Highest (High, Standard) + Lowest (Low, Standard)) / 2; TurnLine = (Highest (High, Turning) + Lowest (Low, Turning)) / 2; Span1 = (StdLine + TurnLine) / 2; Span2 = (Highest (High, Delayed) + Lowest (Low, Delayed)) / 2; Plot1 [-Standard] (Span1, "Span1"); Plot2 [-Standard] (Span2, "Span2");
Lines. Inputs: Standard (26), Turning (9), DelayColor (Yellow), ShowDelayLine (False); Variables: StdLine (0), TurnLine (0), DelayLine (0); StdLine = (Highest (High, Standard) + Lowest (Low, Standard)) / 2; TurnLine = (Highest (High, Turning) + Lowest (Low, Turning)) / 2; DelayLine = Close [Standard]; Plot1 (StdLine, "Standard"); Plot2 (TurnLine, "Turning"); If Close > DelayLine Then SetPlotcolor (2, Blue) Else SetPlotColor (2, DelayColor); If ShowDelayLine Then Plot3 [Standard] (Close, "Delayed");
Subscribe Updates, Its FREE! |