Kevin_in_GA
4,599 posts
msg #118639
- Ignore Kevin_in_GA |
3/17/2014 2:26:19 PM
Using the search function here, you might learn a thing or two as well.
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.
You have all of the components of the Ichimoku cloud here - I think that like many indicators this has its followers, who swear it works even when the trades are losers.
Kevin
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