Indicator Ichimoku (Ichimoku) was originally developed in Japan to work in conjunction with Candlestick analysis, since the lack of Candlestick analysis at independent use, was the impossibility of a qualitatively and accurately determine the levels of entry and exit from the market, as well as stops and limits.
Ichimoku designed analyst named Goichi Hosoda (Goichi Hosoda) (a pseudonym in the literature Ichimoku Sanzhdin (Ichimoku Sanjin)) for the Nikkei index. Ichimoku considered trend indicator (although there are elements within it kontrtrendovogo analysis): it gives good signals in the trend and normal (at the level of common oscillator signals ranged).
Formula:
Graphically display consists of 3 separate lines and two lines between which the hatched area price chart
Tenkan Saint
Tenkan-sen = (Max (High, N) + Min (Low, N)) / 2,
where Max (High, N) - the highest of the highs for a period equal to N - intervals (eg, N days)
Min (Low, N), - the lowest low for a period equal to N - interval
N - length of the period
Kindzhun Saint
Kijun-sen = (Max (High, M) + Min (Low, M)) / 2
M - length of the period
Chinkou Spen
Chinkou Span = Current Close,
shifted back to M
Shaded area (cloud) between
Senko Spen "A"
Senkou Span A = (Tenkan-sen + Kijun-sen), shifted forward on the intervals M
Senko Spen "B"
Senkou Span B = (Max (High, Z) + Min (Low, Z)) / 2, shifted forward on the intervals M
Z - the length of the interval
Number of intervals - N, M, Z specified by the author for the calculations are respectively 9.26 and 52. These figures are taken from the following relations:
On the daily chart:
9 - and a half working weeks, 26 - the number of working days per month (in Japan was 6 days a week), and 52 - the number of weeks per year. On the weekly chart:
9 weeks, approximately 2 months, 26 weeks make up half of the year, 52 weeks - a year.
Description:
Indicator Ichimoku Kinky Hajo (Ichimoku Kinko Hyo) consists of 5 lines:
Tenkan-Sen (Tenkan-sen-reversal line) - short-term trend line, showing a "fast" trend. Tenkan-Sen points to the current direction of short-term trends, as the average of the maximum and minimum prices over a long period of time. Accordingly, if it is directed upwards, it means the presence in the market uptrend, if it moves down, then downward. If, however Tenkan Saint parallel to the axis of time, then most likely, the market is now in a position to Fleta.
Kindzhun-Sen (Kijun-sen - the main line) - long-term trend line (usually considered to 26 periods). Show more long-term trend, its direction. Interpretation is the same as the short line.
Senkou-Spen "A", (Senkou Span A - ahead of the line) As a whole, shows the middle of the distance between the lines Tenkan-Sen-Sen and Kindzhun shifted forwards by the value of the second time interval. Senkou-Spen "A" is the upper limit of the clouds, is it - the line of future support and resistance market.
Senkou-Spen "B" (Senkou Span B - ahead of the line) is calculated as the average maximum and minimum prices for the third longer time interval shifted forwards by the value of the second time interval Senkou-Spen "B" is a cloud Ichimoku is also considered line of future support and resistance market.
The distance between Senkou-Spen "A", Senkou-Spen "B" usually hatched, forming a kind of "cloud Ichimoku.
Chico Spen (Chinkou Span - retarded line) - is a line graph closing prices pushed usually by 26 periods (ie the second time interval).
Use
1. The most significant signals Ishimoku include crossing rates and line Senkou-Spen "B". If the price crosses Senkou-Spen "B" from top to bottom, the signal is on sale, if the bottom up, then the purchase. This signal is amplified, if prices go beyond the cloud Senkou-Spen. The system is similar to the classic strategy of suppressing the price of its moving average.
2. Signals during fletovogo market conditions arise when prices are within a cloud Ichimoku. When crossing the short line Tenkan Saint upward long line Kindzhun-Sep signal is to buy. The intersection of short line Tenkan-Sen down the long line Kindzhun-Sen is a signal to sell.
This type of signal is weak, if prices are in the cloud. Sign up can be carried out if the prices are at the lower boundary of the clouds, and down if they are at the upper boundary of the clouds. It is assumed that the cloud must be sufficiently broad.
The system is similar to the classic strategy of intersection of two moving averages.
3. When you trade within the trading range is that if prices remain in the cloud and Tenkan-Sep directed upwards, then there is a movement to the top of the range, if you down to the bottom, and if it moves parallel to the axis of time, the prices are on the spot. Therefore, the strategy can be built on a turn Tenkan-sen. When you purchase a turn upward, with a turn downward sales if prices are inside the cloud.
4. When the short and medium trendline (Tenkan-Sen and Kindzhun-Sen) will be parallel to each other and parallel to the line Senkou-Spen "B" means the development of the market for sustainable trend. It is believed that the correction of prices and rollback to one of these lines can be added to a position or restore the position of the trend. In an uptrend is necessary that the top was Tenkan-Seine in the middle of Kidzhun-Sen and bottom Senkou Spen-B, and vice versa, in descending from the top Senkou Spen-B in the middle of Kidzhun-Sen with bottom Tenkan-Sept.
5. When the price is inside the clouds, if Chinkou-Spen crosses the price upwards, it gives a signal to buy. If Chinkou-Spen price crosses from above - down, then gives a signal to sell. The author recommended method to set foot in the opposite boundary of the cloud. If you make purchases, then under the lower limit, respectively, for the sale over the upper limit. The purpose of trade is the level inside the cloud, separated from the boundary by about 10-20% at this level exhibited a warrant to take profits. In addition, the position is closed and in the case of receiving any return signal (if you unfold Tenkan-Sen, if the price chart crosses Chico Spen in the opposite direction or the intersection of costs Senkou-Spen "A" or "B").
6. Senkou-Spen "A" and Senkou-Spen "B" form, respectively, resistance and support to the market, which is inside the cloud. When the market is below the clouds, then Senkou-Spen "B" (lower bound) forms the first resistance, and Senkou-Spen "A" (top line) - the second resistance.
When the price is above the clouds, the first support is Senkou-Spen "A" and the second - Senkou-Spen "B"
7. Stand-alone signals a trend Tenkan-Seine, if it is directed upwards, it is aptrend, if down, dauntrned. If parallel, the Flete. Therefore, the ability to make some cases, you can enter and exit the market after a change of direction Tenkan-Sen.
8. Line Senkou-Spen "B" is used to set the stop orders.
Note:
1. In all cases, the intersection is the intersection line of the indicator and the line's closing price.
2. As the variables are sometimes applied reduced by half, ie 5, 13, 26.
The forums there are recommendations on the following parameters:
For schedules of 15 minutes to an hour 15, 60, 120.
For schedules of hours before the day of 12, 24, 120.
for daily charts 9, 26, 52.
3. It is believed that the best works on the charts with a timeframe longer than a day.
4. Quite often the use of entry and exit signals combine with other (not related to Ishimoku) techniques exhibiting stops and limits (support and resistance, Fibo borderline trend channels, etc.).
Pluses:
Allows you with some accuracy to separate the trend from Fleta. And, as many believe is likely to bite off part of a trend.
Lines Ichimoku instantly react to new extremes, and accordingly, do not lag behind as the slide.
Disadvantages:
It is believed that the indicator does not work here Flat, especially if Flete "narrow".
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