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Ichi cloud is the most over hyped indicator there is...
It is made up of 2 components
SENKOU SPAN A ("1st leading line")
The senkou span A is calculated in the following manner:
(TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods
SENKOU SPAN B ("2nd leading line")
The senkou span B is calculated in the following manner:
(HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future)
26 periods
together they give us a feel of :
1. Volatality. : Thickness of the cloud represents the volatality that can be expected.
2. 2x the KS periods movement. i.e. On an eod chart, if KS is set to 20 representing monthly TF's movement, cloud tells us development on the bi monthly time frame, on the eod chart itself.
3. Support / resistance zone. Thick cloud will be harder to penetrate... thin cloud will behave as if it doesnt exist...!
Hello,
I am new to the forum and going thru all the things that you have. So far its great. I need some help. Hopefully someone can help me. I downloaded D3spotter into my Ninja Trader platform and the indicator works great. I use Ninja Trader only for execution of my traders but I use MarketDelta for charting. I would like to import that into MarketDelta but I cant. I need help in writing the script for MarketDelta. Or maybe someone to explain to me the basis of the indicator. If someone can help I would appreciate it. Thanks Diane
In this video I'll show you how to use the Question and Answer board, create new threads, reply to posts (including quoting and multi-quoting), use the mention users system to grab someones attention, and of course the Thanks button!
Ichimuku is a lazy way of trading, where the objective is to capture 80% of the trend. It is a pure trend following system and that normally implies that entry will be delayed and that too only after confirmation of the trend. Trade is always in the direction of the trend and there is no provision for counter trend trades.
There is no hurry to exit and idea is to hold a trade till the trend exhausts itself.
CS is the backbone of this system and rest of the 4 lines is used to decode the health of the trend.
2. We draw a trend line connecting the highest point on the CS to the second highest point on the CS and extend this trendline to the right. The second highest point is the reference level for shorts. This is a valid stoploss for any short trade that is intended to be taken. [IMG]http://s4.postimage.org/oc968838n/image.png[/IMG] image hosting
3. Likewise we plot a trend line connecting the lowest point on the CS to the second lowest point. The second lowest point is a reference level for longs. This is a valid stop loss for any longs that is intended to be taken.