Ichimoku Kinko Hyo ..... Part 2

Ichimoku Kinko Hyo ..... Part 2

Ichimoku Kinko Hyo has an important part 5

A. Tenkan Mon

B. Kijun Mon

C. Chikou Span

D. Kumo
d.1.Senkou Span A
d.2.Senkou Span B

Ichimoku Kinko Hyo indicator looks quite complicated because it has an important part 5 in it.
As another indicator Automatic we must also set the parameters for Ichimoku Kinko Hyo is usually in the settings (9,26,52). As for the color can be adjusted depending on taste.

Parameters Ichimoku Kinko Hyo (9,26,52) means:

A. Tenkan Mon

Mon Tenkan = (Highest High Lowest Low) / 2, 9 periods

Highest High and Lowest Low means taking the last period 9.
Up-Trend Mon Tenkan will look up, whereas when Mon Tenkan Down Down Trend.

B. Kijun Mon

Kijun Mon = (Highest High Lowest Low) / 2, 26 periods

Highest High and Lowest Low means taking the last 26 periods.
Up-Trend Mon Kijun will look up, whereas when Mon Kijun Down Down Trend.

When there Tenkan Mon intersection and immediately above take BUY position is going up.
Whereas if the cut occurs under Tenkan Mon SELL immediately take the position that the market will fall.

C. Chikou Span

Span Chikou closing price (Closing Price) is the backing of 26 periods.

Span Chikou are lagging indicators, which means a rough trend of trading when it was formed.
Span Chikou lies below or above the mean or Bullish Bearish.

D. Kumo

Kumo Kumo consists of up and down or on call Kumo Senkou also Senkou Span A and Span B

Senkou Span A = (Tenkan Mon-sen) (Kijun-Sen) / 2

then in 26 periods to promote future.


Senkou Span B = (Tenkan-Sen) (Kijun-Sen) / 2

calculated by the last period of 52 slides forward 26 periods.