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Ichimoku

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. 📈

    • The Ichimoku Scanner Panel Auto has made its entrance into the Forex scene, and while it promises a lot, the big question is - does it deliver? For just $69, you get to dabble in a scanner that boasts ‘10 trading setups’ and the ability to scan across all available timeframes ...

    Release Date: 08/02/2019

    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

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