Kevin_in_GA
4,599 posts
msg #119557
- Ignore Kevin_in_GA |
5/9/2014 8:15:41 PM
from nikoschopen (3/6/2008):
Constructing an Ichimoku Chart
(Source: Investopedia)
1. Tenkan-Sen, or conversion line:
(Highest high + lowest low) / 2, calculated over the past seven to eight time periods.
2. Kijun-Sen, or base line:
(Highest high + lowest low) / 2, calculated over the past 22 time periods.
3. Chikou Span, or lagging span :
The most current closing price plotted 22 time periods behind (optional).
4. Senkou Span A:
(Tenkan-Sen + Kijun-Sen) / 2, plotted 26 time periods ahead.
5. Senkou Span B:
(Highest high + lowest low) / 2, calculated over the past 44 time periods. Plot 22 periods ahead.
By simply requiring that the close be above both the Senkou Spans, you are only selecting stocks above the Ichimoku cloud. Here I added "Market is S&P 500" to keep you looking only at highly liquid stocks, and to further reduce hits I also added "close crossed above max(SSA,SSB)" to show only those stocks which crossed above the cloud today.
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