1 (edited by Sart 2009-02-18 15:25:32)

Topic: It is not a problem to include Ishimoku Indicator...

Usual Ishimoku Indicator : 9-26-52.
In this case we have number of signal to Enter and Exit.
The most common is:
1. Kijun-san/Tencan-san Crossover
1.1. Enter long position when Tencan-san crossed Kijun-san upward
       and Isimoku cloud is under Crossover point
1.2. Exit when Tencan-san crossed Kijun-san downward


But more global aproach consists of fully descriptions of all 4 Ishimoku Indicator lines...

Theare is special site. Next I try to give this refrence...

Heare is:
http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

Re: It is not a problem to include Ishimoku Indicator...

Thank you for the link.

I'll include Ichimoku Kinko Hyo in the next Beta. Probably in 3-4 days.

3 (edited by Sart 2009-02-18 19:10:41)

Re: It is not a problem to include Ishimoku Indicator...

Thanks for so fast reaction.
One  more logic exept of those in site:
- In case if one skips Crossover, Entry long position when price touches tencan/kijun from up to down   and Cloud is below.
Best Regards.

Re: It is not a problem to include Ishimoku Indicator...

First look

http://forexsb.com/img1/ichimoku-screen.png

Re: It is not a problem to include Ishimoku Indicator...

Logic rules for Ichimoku Kinko Hyo

1. Entry Points:
   Enter the market at the Tenkan Sen,
   Enter the market at the Kijun Sen

2. Entry Filters:
   The Tenkan Sen rises,
   The Kijun Sen rises,
   The Tenkan Sen is higher than the Kijun Sen,
   The Tenkan Sen crosses the Kijun Sen upward,
   The bar opens above the Tenkan Sen,
   The bar opens above the Kijun Sen,
   The Chikou Span is above the closing price,
   The position opens above the Kumo,
   The position opens inside or above the Kumo,
   The Tenkan Sen is above the Kumo,
   The Tenkan Sen is inside or above the Kumo,
   The Senkou Span A is higher than the Senkou Span B,
   The Senkou Span A crosses the Senkou Span B upward,

3. Exit points:
   Exit the market at the Tenkan Sen,
   Exit the market at the Kijun Sen

Re: It is not a problem to include Ishimoku Indicator...

Could we add more entry filters as below?

For bullish:
1. Price above cloud
2. TS cross above KS
3. Chikou above price & kumo (past 26 bars)
4. SSA higher than SSB

For bearish will be the opposite.

Re: It is not a problem to include Ishimoku Indicator...

1. Price above cloud       = The position opens above the Kumo
2. TS cross above KS          = The Tenkan Sen crosses the Kijun Sen upward
3. Chikou above price & kumo (past 26 bars)  = The Chikou Span is above the closing price
4. SSA higher than SSB         = The Senkou Span A is higher than the Senkou Span B