HOW TO TRADE: Ichimoku - Tenkan Sen And Kijun Sen
Trading Strategies

HOW TO TRADE: Ichimoku - Tenkan Sen And Kijun Sen

26 September 2014, 06:11
Sergey Golubev
Sergey Golubev
0
3 922
  1. Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
  2. Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
  3. Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
  4. Senkou Span B - the average of the highest high and lowest low over the last 52 days, plotted 26 days ahead. (Highest high + Lowest low) / 2 over the last 52 trading days plotted 26 days ahead.
  5. Chikou Span - the closing price plotted 26 days behind.

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Tenkan Sen / Kijun Sen Cross
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).

A bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen

  • A weak bullish signal occurs when the cross is below the Kumo.
  • A neutral bullish signal occurs when the cross is inside the Kumo.
  • A strong bullish signal occurs when the cross is above the Kumo.
A bearish signal occurs when the Tenkan Sen crosses from above to below the Kijun Sen
  • A weak bearish signal occurs when the cross is above the Kumo.
  • A neutral bearish signal occurs when the cross is inside the Kumo.
  • A strong bearish signal occurs when the cross is below the Kumo.

Kijun Sen Cross
The Kijun Sen Cross signal occurs when the price crosses the Kijun Sen (Standard line).

A bullish signal occurs when the price crosses from below to above the Kijun Sen

  • A weak bullish signal occurs when the cross is below the Kumo.
  • A neutral bullish signal occurs when the cross is inside the Kumo.
  • A strong bullish signal occurs when the cross is above the Kumo.
A bearish signal occurs when the price crosses from above to below the Kijun Sen
  • A weak bearish signal occurs when the cross is above the Kumo.
  • A neutral bearish signal occurs when the cross is inside the Kumo.
  • A strong bearish signal occurs when the cross is below the Kumo.

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Indicator for MT5 with alert is on this post.

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#Ichimoku, kumo, kijun, Tenkan Sen, senkou, chinkou