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Old 11-26-2005, 01:48 AM
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Ichimoku forecasting

Very interesting indicators which forecasting the Kijun-sen line and Tenkan-sen line in Ichimoku indicator. Just attach Ichimoku indicator to the chart, and then insert one of the attached indicator and you will see that Kijun-sen line and/or (depends on indicator you attached) Tenkan-sen line is drawing on the number of the bars (KijunShift and TenkanShift) to the future.

Tenkan-sen line is crossing Kijun-sen line:

- from up to down - sell signal;
- from down to up - buy signal.

Kijun-sen is used as market trend indicator line (main line):

- if the price is above Kijun-sen line we have uptrend (most probably);

- if the price curve is crossing the Kijun-sen line the trend will be reversed (most probably as well).

Tenkan-sen and Kijun-sen line are used to estimate the trendable and flat market. If one of the line is going by the horizontal way we have flat (non-trading zones).
Besides, Tenkan-sen is used as the reversed line to estimate the trend.

More about Ichimoku read here.
Attached Files
File Type: mq4 Kijun-sen+.mq4 (2.4 KB, 1750 views)
File Type: mq4 KijunTenkan+.mq4 (3.6 KB, 1673 views)
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