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..