IchiMoku KinKo Hyo

[duke56461 10]

I'm new here but I think your answer to the cloud is freestockcharts.com it plots ichimoku very well and shows the cloud forward. You can change the time frame color ect.

[Iris 10]

In Tradestation, right click on the chart that you want to apply the Ichimoku Indicator.

on the menu, 5 from the top, click on <Format Window>

on the top Tabs, click on <General>

down on the right under <Chart Properties> <Space to the Right> type in any number between 35 - 45.

Click <OK>

[Fredd 10]

Tnx for your reply Iris and happy trading!

[ajax358 10]

many thx for this indicator!!!

Just found it yesterday & been backtesting it for 2 days now. Found that it trades well for 'day trading' too, on smaller time frames, on 610/377/233 tick charts, for the ES & NQ!! I compared the original input settings (9,26,52), with the alternate settings posted in this thread of (7,22,44) on charts & tested them side by side....found these 'later' settings were 'better in the turns' than the original ones, imo, & backtesting & trading live today....they were quicker by about 2-5 bars, per turn. See what any of you think, & opinions are welcome feedback.

 

thx again....great indicator!!

ajax358....

[Iris 10]

Hi Ajax:

The original numbers were derived from the observations from number of trading days in the Japanese week and month then as compared to where we are now. Ichimoku uses three key time periods for its input parameters: 9, 26, and 52.

When Ichimoku was created back in the 1930s, a trading week was 6 days long.

These parameters, thus, represent one and a half week, one month, and two months, respectively.

Now that the trading week is 5 days, one may want to modify the parameters to 7, 22, and 44. 8, 24 and 48 work as well. So the difference was in the concept that they work on Daily charts and need them to be slow. If you want your charts to react faster then your parameters will work well for you. The danger that you face is that Ichimoku is trend following and that when there is a sideways moving day, hour or whatever, the faster you go the more that you will be whipsawed. Keeping the originals will help to offset that.

Read the studies that Manesh Patel has done - do a Google, perhaps get his book.

I agree - Ichimoku is one of the best indicators out there and can keep your charts clean as it does not need anything else to go by. Each of the lines and the Cloud has a set of minor and major rules. If you get these, you are well on your way to a very safe method and system.

Best.http://www.traderslaboratory.com/forums/images/icons/icon7.gif

[ajax358 10]

thx Iris!!

Good suggestions & will backtest the inputs ya listed. As new to this indicator, have added it to my charts....past 3 days trading did very well on 610/377/233 tick charts. The 'cloud' saw the breakouts & congestion very well. Will further backtest all yourt inputs this weekend, then will post a results later next week.

Thx again for your input & suggestions.

ciao....ajax

[Iris 10]

Hi Ajax:

Not easy to find on a Google search these days but you might want to browse through this "IchiWiki" site or blog. I think that it it the bottom line to using the Ichimoku in a nutshell. Manesh shared his experience and knowledge with all of us - incredibly generous and a amazing teacher!

 

Main Page - IchiWiki - The Definitive Reference to the Ichimoku Kinko Hyo Charting System

[ajax358 10]

thx Iris....will read & learn ....thx again.....

 

ciao....ajax

[aaa 10]

Ichimoku Kinko Hyo? The next Japanese Candlesticks? Learn to trade the simple way

 

****

 

[ajax358 10]

thx allot....great link!! This is turning out to be a great indicator, & has taken my day trading to the next level, as well as 'swings' too!!

 

I have tested the 3 input levels above, in both backtesting & live trading....the Std=9,26,52; the 8,24,48; & 7,22,44 (this last one stated to adapt to the current 5 trading days, versus the original formula for '6' trading days). The final analysis was that the 'middle' one, as seems to mirror the orignal formaul almost closely, but a littel quicker in the turns, so the (8,24,48) am using now....for day trading the ES & NQ, on 610/377/233 tick charts.

 

Any feedback to these or other inputs is greatly appreciated!!....thx for the postings on this great, but unknown to most, topic!!

 

ciao.....ajax358 .....

[TCNord 10]

Hey guys I found a link for ichimoku kinko hyo that plots bars into the future and up and down kumo has differing colors...

 

 

Ichimoku Indicator For Tradestation

 

Just follow the directions on the page so it can be viewed properly and set them as defaults so you don't have to do it again

 

cheers!

[navigatorfx 10]

Hi Guys,

 

I'm not sure if I posted it here previously or not, but here you can watch several ichimoku videos, download free analyses and even a free book.

 

Ichimoku World by Gabor Kovacs

 

cheers!

[johnnydaymon 11]

For the 3 temporal variables, the indicator's author counsels to choose respectively the lengths of

9 days,

26 days

52 days.

 

At the time of this indicator's creation, there were 6 days of trading in one week.

 

These parameters corresponded therefore to

one week and half for the short-term analysis,

one month for the medium-term survey and

two months for the long term.

 

Today, the financial places are open 5 days per week.

 

To adjust, you can choose therefore the periods of

7 days,

22 days

44 days

 

As for other indicators, the parameters must be adjusted according to the periodicity of your diagram.

 

Hello,there are more settings:18,52,104 that's double the standart settings.Here is a good video on the Ichimoku Cloud by Rob Booker. [ame=http://www.youtube.com/watch?v=hGrxL5U7YaY]Rob Booker Ichimoku Cloud For Stocks - YouTube[/ame]

[johnnydaymon 11]

IchiMoku Cloud version 2 Tradestation.Not a bad tool for support and resistance.Watch a few videos to learn how to use this japanese indicator.Here is one of many. [ame=http://www.youtube.com/watch?v=hGrxL5U7YaY]Rob Booker Ichimoku Cloud For Stocks - YouTube[/ame]

ICHIMOKU_2.ELD

[AndrewJackson 10]

Thanx Johnnydaymon!, I'm a Cloud man Now! I have at least one chart with the cloud! Do you have the cloud v3? I've heard there is another version.

[johnnydaymon 11]

IchiMoku Cloud_V2 in action!