Ichimoku

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Scalperology Ai MT5

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30-Day Profit: 37.65%

7-Day Profit: 35.49%

Support: 24х7 via Telegram

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Breakopedia Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

XAU/USD

XAG/USD

XBT/USD

30-Day Profit: 24.18%

7-Day Profit: 17.76%

Support: Developer

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What is Ichimoku?

Ichimoku Kinko Hyo is a comprehensive trading indicator developed in Japan.

It provides multiple data points, allowing traders to assess support and resistance levels, trend direction, and momentum in one glance. ☁️

The name translates to "one look equilibriums," reflecting the indicator's ability to give a quick and inclusive view of the market.

Key Components of Ichimoku

Tenkansen (Conversion Line): This line calculates the average of the highest high and lowest low over a defined period (usually 9 periods).

Kijunsen (Base Line): A longer-term line calculated over 26 periods, indicating potential support/resistance levels.

Senkou Span A and B (Leading Span A & B): These create the Ichimoku Cloud, providing insight into future price action.

Chikou Span (Lagging Line): Represents the current price shifted back in time by 26 periods, giving a perspective on trend strength.

Signals from Ichimoku

Crossovers: Signals are generated when Tenkansen crosses Kijunsen, indicating potential buy or sell opportunities.

Cloud Breakouts: A breakout above or below the cloud suggests a potential trend change. 🚀

Chikou Confirmation: When Chikou is above the price, it confirms a bullish trend; if below, a bearish trend is likely.

Ichimoku Adaptations and Tools

ARC Ichimoku: A variation that utilizes ARC (Average Range times Constant) adjustments to provide signals with different factors than the classic model.

The Ichimoku Assistant tools are designed to ease strategy implementation by scanning multiple timeframes and alerting users to various signals.

Tools like Ichimoku Trend Alert provide notification features when certain conditions are met, enhancing the trading process.

Trading Strategies Using Ichimoku

Traders often use Ichimoku alongside other indicators for confirmation of signals to improve accuracy.

Combining Ichimoku with a risk management strategy enhances long-term profitability and stability in trades.

The use of multiple timeframes is highly encouraged, as trends can differ significantly across periods. 📈

PZ Ichimoku EA

MT4 Expert Advisor MT4

Easy Rating: 5/2

MQL Rating: 3.91/24

Automated Trading Expert Advisor

Before diving into the intricate mechanics of the PZ Ichimoku EA, let’s take a moment to marvel at how effortlessly it lures traders into adopting its strategies. It promises flexibility, control, and the age-old allure of 'complete freedom'—a keyword that lights up every tra ...

Release Date: 29/01/2019