StockFetcher Forums · Filter Exchange · Above The Cloud<< >>Post Follow-up
SFMc01
296 posts
msg #119555
Ignore SFMc01
5/9/2014 4:10:43 PM

Has anyone developed a strategy that identifies stocks closing "above the Ichimoku Cloud" and would be willing to share it"

Kevin_in_GA
4,542 posts
msg #119557
Ignore Kevin_in_GA
5/9/2014 8:15:41 PM

from nikoschopen (3/6/2008):

Constructing an Ichimoku Chart
(Source: Investopedia)

1. Tenkan-Sen, or conversion line:
(Highest high + lowest low) / 2, calculated over the past seven to eight time periods.

2. Kijun-Sen, or base line:
(Highest high + lowest low) / 2, calculated over the past 22 time periods.

3. Chikou Span, or lagging span :
The most current closing price plotted 22 time periods behind (optional).

4. Senkou Span A:
(Tenkan-Sen + Kijun-Sen) / 2, plotted 26 time periods ahead.

5. Senkou Span B:
(Highest high + lowest low) / 2, calculated over the past 44 time periods. Plot 22 periods ahead.




Fetcher[
/*Tenkan-Sen*/
set{diff7TS, high 7 day high + low 7 day low}
set{TS, diff7tS / 2}
draw TS on plot price

/*Kijun-Sen*/
set{diff22KS, high 22 day high + low 22 day low}
set{KS, diff22KS / 2}
draw KS on plot price

/*Chikou Span*/
set{CS, DMA(1,-22)}
draw CS on plot price

/*Senkou Span A*/
set{SSA1, TS + KS}
set{SSA2, SSA1 / 2}
set{SSA, SSA2 26 days ago}
draw SSA on plot price

/*Senkou Span B*/
set{SSB1, high 44 day high + low 44 day low}
set{SSB2, SSB1 / 2}
set{SSB, SSB2 22 days ago}
draw SSB on plot price

close crossed above max(SSA,SSB)
market is S&P 500
]



By simply requiring that the close be above both the Senkou Spans, you are only selecting stocks above the Ichimoku cloud. Here I added "Market is S&P 500" to keep you looking only at highly liquid stocks, and to further reduce hits I also added "close crossed above max(SSA,SSB)" to show only those stocks which crossed above the cloud today.

SFMc01
296 posts
msg #119611
Ignore SFMc01
5/12/2014 11:23:37 AM

Thank you, Kevin. This is most helpful

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