Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
This indicator is based on the 4 time intervals and because of that we may see the 5 different line:
- Tenkan-sen is the average value of the price for the first time interval calculated as sum of maximum and minimum for this period of time devided by 2;
- Kijun-sen is the average value of the price for the second time interval;
- Senkou Span A is the middle of interval between two above mentioned lines (Tenkan-sen and Kijun-sen) shifted onward on the value of the second time interval;
- Senkou Span B is the average value of the price for the third time interval shifted onward on the value of the second time interval;
- Chinkou Span is the closing price of the current candle shifted back on the value of the second time interval.
Last edited by newdigital; 11-17-2005 at 11:50 AM.
- if the price is inside the cloud (it means it is between Senkou lines) we have non trading market. In other words, we are not trading inside the cloud.
And Senkou lines are the support and resistance lines in this case.
- if the price is above the cloud the first Senkou line is the first support, and the second one is the second support respectively.
- if the price is below the cloud the first line (first from the price line) is the first resistance and the second one is the second resistance.
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.
Last edited by newdigital; 06-29-2007 at 12:53 PM.
Thus, the Ishimoku indicator looks like trading system: all the lines are the middle of the price range for the some period of time and we may estimate the bullish and bearish trend and so on. And all the lines are re-acted instantly on the creating the new max or minimum within period of time - no delay.
In other words the Ishimoru indicator is of the complex trading system.
Well. But why we are not using this indicator right now?
Because some people say: "the settings of the indicator (9, 26, 52) are valid for the weekly charts only; and not for the forex; this indicator will not work on an other timeframes with the default settings; so it is necessary to have different settings for the different timeframes.
Last edited by newdigital; 03-22-2006 at 08:26 AM.
But anyway there are many people who are using this indicator with some good results. And they are using exactly default settings (9, 26, 52).
On the next few posts we will describe more about it but I want to say that if you are trading using Ishimoru indicator you will have 1 trade for 2 weeks on D1 or 1 trade per 2 days in intra-day trading. And most probably you will be in profit in 4 of 5 cases (it means 75%).
Last edited by newdigital; 10-24-2005 at 05:23 PM.
Linear Mode
