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I've been searching everywhere, I could not find any signal and alert for Tenkan and Kinjun Cross. It would be very useful for anyone who wants to try the Ichimoku. I know nothing about programing unfortunately. Is there anyone willing to help to make it please?
I have beginning trading with ichimoku.
The simple way to follow is the cross, and act buy sell of that.
The problems comes when the price isn't going stright up or down, or like today, down quick. When shall we close position, when the price comes in to the cloud?
Anyone knowing if there is an ichimoku ea for metatrader which buy/sells by itself?
We have Ichimoku EAs somewhere in "Expert Advisors - Metatrader 4" section: several modifications of Ichimoku_5_1 and KSRobot. But no one was created according to the Ichimoku indicator's rule. Because this indicator is having the several different sell/buy signals and these EAs are not taking into account the all the signals. I did not see EA which was coded according the Ichimoku rules.
Invented before World War II by a Tokyo newspaperwriter who called himself “Ichimoku Sanjin ” (a pen name meaning “a glance of a mountain man”), ichimoku charts are becoming a popular tool once more,not only in equities but also in currencies, bonds, indices, commodities, and options. Literally, ichimoku means “one look”; a chart of this style is referred to as ichimoku kinkou-hyou — the table of equilibrium prices at a glance.
Ichimoku’s guidebook on the charts finally appeared in 1968, long after the newspaper writer, whose real name was Goichi Hosoda,developed the technique. For years,Hosoda hired students to do numerous calculations (or simulations) to come up with the optimum formulas,long before personal computers or even pocket calculators were the norm. He died in 1983.
If Chinkou Span line is crossing the price curve from below to upward we have the signal to buy, and from above to below - signal to sell.
Newdigital, how do you explain this in a chart, could you give an example in the chart where i could buy or sell?
The chinkou span i can see right now is 11 hours back.
Newdigital, how do you explain this in a chart, could you give an example in the chart where i could buy or sell?
The chinkou span i can see right now is 11 hours back.
Chinkou span value is the close price of the current candle shifted some period back (26 in default settings). It is 26 days in D1 . It does not matter how many hours back. It depends on your setings of the indicator.
It this line is going to uptrend crossing the price (11 hours ago or some hours ago - does not matter) so we have buy signal. If we look at this indicator we will understand that this line may cross the price. Not current price. Just a price which was 11 hours ago for example.
This Chinkou span line is crossing the price curved line. Not the current price.
And about the settings. If I change the Kijun-sen from 26 to 1 for example I will have the following (see the image). Chinkou span line is inwhite color.
But it is necessary to have all the signals. Not one only. There are many signals are coming: some of the signals are the coming first, some signal is the last one. Last one is strongest signal.
Linear Mode
