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You are here: Home / Softwares / Ichimoku Cloud chart Setup for Chart Nexus

Ichimoku Cloud chart Setup for Chart Nexus

October 15, 2010 by Rajandran 24 Comments

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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Filed Under: Softwares Tagged With: Ichimoku, Ichimoku Cloud

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Setu says

    October 15, 2010 at 8:48 am

    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..

    Reply
  2. KRISHNAN says

    October 15, 2010 at 9:09 am

    thank u sir.

    Reply
  3. jitin says

    October 15, 2010 at 10:04 am

    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

    Reply
  4. CT says

    October 15, 2010 at 10:18 am

    Dear Sir,

    Thank you.

    Based Optimized Ichimoku AFL code, I had set it as 3,12,12,18,12.

    Best regards,
    CT
    carnot11@gmail.com

    Reply
  5. rajandran says

    October 15, 2010 at 10:19 am

    @Jitin
    You are trading nifty or Stocks?

    Reply
  6. kamal says

    October 15, 2010 at 12:29 pm

    hello sir
    any buy call….

    Reply
  7. Ravi says

    October 15, 2010 at 1:45 pm

    Hi Rajandran:
    Nice tutorial. Could you please explain trading techniques using Ichimoku Cloud.

    Thanks,
    Ravi

    http://www.BigPaisa.com

    Reply
  8. Rajandran R says

    October 15, 2010 at 3:19 pm

    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.

    Reply
  9. sandip says

    October 15, 2010 at 3:43 pm

    sir
    how set up nifty in option oracle?
    thanks
    sandip

    Reply
  10. sandip says

    October 15, 2010 at 3:45 pm

    i tried but nse or nifty is not found in chart…

    Reply
  11. Ahmed says

    October 15, 2010 at 10:52 pm

    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.

    Reply
    • Rajandran R says

      October 15, 2010 at 11:50 pm

      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

      Reply
  12. kalyan says

    October 21, 2010 at 10:00 pm

    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

    Reply
    • Rajandran R says

      October 22, 2010 at 7:44 am

      @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

      Reply
  13. kalyan says

    October 22, 2010 at 9:03 pm

    thanx a lot

    Reply
  14. anil says

    December 10, 2010 at 7:28 am

    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

    Reply
  15. manoj says

    January 29, 2011 at 3:06 pm

    how can we add real time charts in chrtnexus ,i.e 5,15,30 min ,is it possible?

    Reply
  16. Rajandran R says

    January 30, 2011 at 9:06 am

    @Manoj : Chartnexus doesnt support realtime charts

    Reply
  17. Stan says

    May 6, 2011 at 8:39 am

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

    Reply
  18. Rajandran R says

    May 9, 2011 at 10:37 pm

    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.

    Reply
  19. BestTrader says

    July 25, 2011 at 5:22 pm

    is there any other better tool other than nexus and ambibroker or metastock which is free to use?

    regds,
    BestTrader

    Trader Cockpit

    Reply
  20. Leslie says

    October 10, 2013 at 11:40 pm

    Wonderful settings and really appreciate you bro for sharing. Cheers!

    Reply
    • Rajandran R says

      October 10, 2013 at 11:57 pm

      Thanks Prabhakar! you are welcome!

      Reply
    • Rajandran R says

      October 11, 2013 at 1:40 pm

      Prabhakar you are welcome!

      Reply

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