This AFL code is the upgraded vesion of Ichimoku Cloud Scanner V2.0. In the older version its tough to identify the stop loss levels as during buy signals the bottom of the cloud act as trailing stoploss and during sell signal top of the cloud act as a trailing stoploss.
Now in the newer version of Ichimoku AFL code we replace the cloud with the trailing stoploss alone so that one can easily identify the current training stoploss and it helps them in better decision making. Also the Dashboard and magnified marketprice are the added features and make it even better.
Simple Trading Rules
1)Buy on Close above the Ichimoku TSL line
2)Sell on Close below the Ichimoku TSL line
3)Red Arrows indicates sell signal i.e candle closes below the cloud
4)Green Arrows indicates Buy Signal i.e candle closes above the cloud
Nifty 90 min charts
Banknifty 90 min charts
Ichimoku TSL Amibroker AFL code V3.0