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Ichimoku Reconstructed...!
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Ichimoku Reconstructed...!

  #11 (permalink)
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OP's thoughts on B line crossovers?

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  #12 (permalink)
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linkon7 View Post
Price is nothing but a transaction between a buyer and a seller who have a opposite view on current value of scrip that is being traded and have agreed upon a price. A series of such transaction gives rise to price movement. Price moves up till the last buyer has filled his inventory and there are no more buyers willing to transact at that price. This gives us our swing high.

Sellers then auction the price down to invite buyers and price moves down till the last seller has sold his inventory and there are no more sellers willing to sell at that price. This gives us our swing low.

When the buyers are more desperate to act, then we have a scenario where we have a higher swing high and a higher swing low. A series of such higher high / higher low on price gives us our up trend.

On a strong up trend, price seldom retrace 50% from the top before buyers are desperate to buy the dips.
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On the 3 min chart of nifty, the high of the last 20 bars is plotted with a green line. The low of the same 20 bars is plotted in red. The 50% retracement from the top, is basically the mid point of this 2 lines, which happens to be our KS.

A rising KS signifies a rising bullish sentiment on the a set of 20 bars of 3 min each, meaning we monitor the progress of 60 min time frame using a 3 min chart.

Now same chart, we plot the midpoint of the last 5 bar's high and low, we now have our TS. TS represents the change in sentiment of 15 min tf on my 3 min chart.

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All i need now is an oscillator, like stochastic to tell me which dip i should buy.


were these charts generated within Ninja?, and are there indicators, particularly on panel 2, that we can access?

very good thread and commentary

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  #13 (permalink)
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kronie View Post
were these charts generated within Ninja?, and are there indicators, particularly on panel 2, that we can access?

very good thread and commentary

These charts are generated using amibroker.

The indicator used is a simple stochastic available on all platforms wt default settings.

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  #14 (permalink)
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Cloud

Ichi cloud is the most over hyped indicator there is...

It is made up of 2 components

SENKOU SPAN A ("1st leading line")

The senkou span A is calculated in the following manner:

(TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods


SENKOU SPAN B ("2nd leading line")

The senkou span B is calculated in the following manner:

(HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future)
26 periods


together they give us a feel of :

1. Volatality. : Thickness of the cloud represents the volatality that can be expected.
2. 2x the KS periods movement. i.e. On an eod chart, if KS is set to 20 representing monthly TF's movement, cloud tells us development on the bi monthly time frame, on the eod chart itself.
3. Support / resistance zone. Thick cloud will be harder to penetrate... thin cloud will behave as if it doesnt exist...!





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  #15 (permalink)
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Hello,
I am new to the forum and going thru all the things that you have. So far its great. I need some help. Hopefully someone can help me. I downloaded D3spotter into my Ninja Trader platform and the indicator works great. I use Ninja Trader only for execution of my traders but I use MarketDelta for charting. I would like to import that into MarketDelta but I cant. I need help in writing the script for MarketDelta. Or maybe someone to explain to me the basis of the indicator. If someone can help I would appreciate it. Thanks Diane

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  #16 (permalink)
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tradermod View Post
Hello,
I am new to the forum and going thru all the things that you have. So far its great. I need some help. Hopefully someone can help me. I downloaded D3spotter into my Ninja Trader platform and the indicator works great. I use Ninja Trader only for execution of my traders but I use MarketDelta for charting. I would like to import that into MarketDelta but I cant. I need help in writing the script for MarketDelta. Or maybe someone to explain to me the basis of the indicator. If someone can help I would appreciate it. Thanks Diane

Hi,



You are in the wrong place. This thread is about Ichimoku clouds.

Please do a search for d3spotter, and you'll find a more appropriate thread, like this one:
https://futures.io/ninjatrader/8033-original-d3spotter.html

Or the MarketDelta section:
https://futures.io/investor-rt-marketdelta/

Re-post your question there.

Please also see the below to learn how to better use the forum:
https://futures.io/help-tutorials-how-tos/10905-general-tips-using-forum.html

and

https://futures.io/help-tutorials-how-tos/6664-how-search-big-mike-trading.html

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  #17 (permalink)
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linkon7 View Post
These charts are generated using amibroker.

The indicator used is a simple stochastic available on all platforms wt default settings.

amibroker's simple stochastic sure looks a whole lot more sophisticated than what's available under ninja

anyone have the setting that changes the color on the %k & %d when they traverse the s/r lines?

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  #18 (permalink)
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How to read the chart with Ichi

Ichimuku is a lazy way of trading, where the objective is to capture 80% of the trend. It is a pure trend following system and that normally implies that entry will be delayed and that too only after confirmation of the trend. Trade is always in the direction of the trend and there is no provision for counter trend trades.

There is no hurry to exit and idea is to hold a trade till the trend exhausts itself.

CS is the backbone of this system and rest of the 4 lines is used to decode the health of the trend.

1. We start with plotting horizontal line at highest point and the and the lowest point on the CS (sky blue line). This establishes the extremes of our trading range.
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  #19 (permalink)
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2. We draw a trend line connecting the highest point on the CS to the second highest point on the CS and extend this trendline to the right. The second highest point is the reference level for shorts. This is a valid stoploss for any short trade that is intended to be taken.

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  #20 (permalink)
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3. Likewise we plot a trend line connecting the lowest point on the CS to the second lowest point. The second lowest point is a reference level for longs. This is a valid stop loss for any longs that is intended to be taken.

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