StockFetcher Forums · Filter Exchange · Ichimoku Cloud Oscillator<< >>Post Follow-up
guymar
113 posts
msg #93152
Ignore guymar
5/26/2010 4:08:30 AM

I have been looking at the Ichimoku cloud as a confirmation of trends and I find it quite useful as an extra - and very reassuring indicator. Would anyone like to help building an indicator?

Some basic, but sufficiently clear information can be found here:

http://www.fxwords.com/u/ichimoku-cloud.html

Formulas:

• Tenkan Line; (highest high + lowest low)/2 calculated over last 9 periods.
• Kijun Line; (highest high + lowest low)/2 calculated over last 26 periods.
• Chikou Span; (most current closing price plotted 26 time periods back.
• Senkou Span A; (Tenkan line + Kijun Line)/2 plotted 26 time periods ahead
• Senkou Span B; (highest high + lowest low)/2 calculated over past 52 time periods, sent 26 periods ahead.

Then the different signals are in function of line cross-overs and relative positions of one line compared to another

It proved particularly useful yesterday in the minute chart of the S&P500 as you can see here:

http://chart.ly/9dbmvt




guymar
113 posts
msg #93188
Ignore guymar
5/27/2010 2:29:21 AM

I guess Optionplayer33 gets it right.....

StockFetcher Forums · Filter Exchange · Ichimoku Cloud Oscillator<< >>Post Follow-up

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