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is there someone thinking to make an indicator to read ichimoku kinko hyo?
I think this will be an interesting indicator,,,,,,,,,,,,,,
so pro-coder what do you think?
I think it will be a reader-indicator can show in different time frame & different power........
for example:
H1 poor 40%up 60%down
H4 weak 50%up 50%down
D strong70%up 30%down
MMstrong80%up 20%down
or maybe something even better...........im just suggest
so I hope senior member / mql coder / pro-coder......give a piece of mind and
develop it..............
I am using this indicator for many years already and after that only I realized that it is complicated complex indicator. Indicator can
show many signals in one time frame & different power
+
indicator can show in different time frame & different power
+
different settings for every timeframe
and so on.
It was the idea to create market condition indicator/reader/adviser/forecaster and this idea was elaborated (in elite section and in public Ichimoku thread by charts/images) but this tool was not created yet as it is necessary to write the text on every single signal's case for every timeframes and it is too much to describe for any single signal/timeframe. Because it can be more than 20 or 50 variations of the signals compare with the price location + timeframes + breakout + levels. Big book ... Just to write something in text file automatically ...
If we find the way to make it more simple and easy so ... the coding will not be a problem I think.
This indicator is not simple.
It has several buy signals and several sell signals, you may estimate the flat market and support and resistance lines. You may also predict the price movement. On D1 timeframe mainly. I explained about all the signals and lines in this thread. I explained everything.
I can not repeat it in few posts. Now I am busy with subscription section posting some statements for the one month forward testing.
Besides it is useless without candlesticks analysis and without patterns and my knowledge is not enough to know about candle/patterns. If somebody starts the thread about candle analysis and all the patterns I will join and we will estimate this trading system.
I know that some brokers are predicting the price movement using this indicator on D1 timeframe. Alpari, for example, using this indicator as a main indicator for the forecasting and analysis.
Knvsantosh,
Try to understand what I posted on this thread. Because if I re-mind myself about this Ichimoku I will not stop and will continue posting here and will start to trade. But it can not do it in right way without condles/patterns. That is why I stoped. Somebody should continue this thread concerning the candles/patterns and I will join. And in the end of this thread we will trade (forward).
Ichimoku does not require additional analysis via candle sticks, it is a complete system unto itself. Don't listen to ignorant Westerners who don't really understand this system. And don't listen to Japenease traders who want to keep this gym all to themselves.
Ichimoku does not require additional analysis via candle sticks, it is a complete system unto itself. Don't listen to ignorant Westerners who don't really understand this system. And don't listen to Japenease traders who want to keep this gym all to themselves.
hello to everybody..
many thanks to newdigital for sharing his work and helping all of us with all this info..
i would like to ask if anybody using ichimoku for shorter timeframes (m5,15 or 30) with different settings..
i was trying some more tight settings (2,4,18) but i am not sure if is finally helpfull.
anybody to share expirience with different settings?
regards
ichimoku reader...
Just to write something in text file automatically ...
Linear Mode
