Ichimoku Cloud chart Setup for Chart Nexus

Few of the marketcalls readers requested for the Ichimoku Cloud charts setup in Chart Nexus. Before that, Chart nexus is a free EOD software for NSE/BSE EOD with Auto EOD update feautre. And it is highly recommened for the one who want to do start technical analysis with basic indicators like RSI, Moving Averages, Oscillators and Basic Momentum indicators…etc

Ichimoku Setup for ChartNexus – Stpes :-
1)Open Chart Nexus (Download and Update the AutoEOD to the latest date)
2)Select Nifty Chart
3)Select Ichimoku Kinko Hiyo indicator from the indicator list.
4)In the parameter setting set the Conversion period =3; Base Period =11; Span Leading period =12 ; Span B Period = 18; Lagging line = 12
5)Set the Colour for the above parameters as shown below. thats it..


Nifty Daily Charts

Nifty Weekly Charts

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Comments

  1. Setu says

    Hi, i read ur post everyday once after market hrs.. i have just installed ChartNexus software and modify the settings for the Ichimoku Kinko Hiyo chart.. just would like to know wht to see…how clouds direction represent buy/sell sign? i have been trading but never had a chart software like this…
    thnx..

  2. jitin says

    sir,
    5-13 offset trading system is not at all gud for intra day (5,10,15 min), plz suggest some other afl code for the same .tx

  3. says

    Trading based on the cloud charts are simple.

    Buy if the candle surpass above the cloud
    Sell if the candle Surpass below the cloud

    Stop loss is nothing but the cloud itself
    Incase of Buy Signal stop loss would be the lower most cloud value
    and incase of Sell Signal stop loss would be the Upper most cloud value.

  4. Ahmed says

    Rajandran R (author)

    Ichimoku Clouds can i watch in my free chart nexus which i had download in my computer ,if yes then send me some detail information how to use it ,
    Regards,
    Ahmed.

    • says

      yes ahmed you can… Instructions are given above to configure… Just download and Update the 4years of Historical database of NSE/BSE( Just one click update)… And then open the Nifty chart and Configure the Ichimoku Indicator… Thats it

  5. kalyan says

    i have a formula for tinkensen kijunsen crossover for metastock exploration with interval 9,26(default)
    pls chek it, if u can rectify it

    cross(((HHV(C,9)+(LLV(C,9)/2)),((HHV(C,26)+(LLV(C,26))/2))).

    put it in filter tab of metastock explorer.
    pls rajendran sir if u chek it and can convert it in afl

    • says

      @Kalyan

      Adding tinkensen and Kijunsen crossover can be done in afl code…. infact i removed it from my afl code…. I dont want to add noise
      to the system….any how will mail u those afl to u this week

  6. anil says

    Dear Rajandran,

    Excellent teaching in brief and excellent settings in Chartnexus setup.

    Please keep it up and do keep informing of any other research you have done.

    Anil Palan

  7. Stan says

    @Rajandra : Could we set the minutes interval (i.e. 60mins, 15mins, 5mins, 1min) for historical data? Is it possible?

  8. says

    Yes it is possible if you have custom softwares like amibroker or metastock with IEOD historical data. But it is not possible in chart nexus as it provides only EOD data only.

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