Simple AFL code for Ichimoku Cloud Charts are given here which plots only the Ichimoku cloud charts for any kind of timeframe. As usual Ichimoku performs a high role in high probability trading and this can be applied to any kind of time frame. The default parameter in this afl code is 3,13,16
Chart shown is ichimoku weekly chart of silver. Immediately you can recognise that silver is very closely trading below the ichimoku resistance zone. Traders can initate shorts in silver with positional trading stop loss of $17.80
Nifty Futures takes a down turn today and finally got supported near the Ichimoku hourly supports and the hourly trend is still up. Nifty looks weaker in hourly charts if trades below 5250-5260 zone.
Ichimoku cloud Charts with 5min Timeframe live desktop streaming
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action
Weekly Chart of Dollar Denominated Gold Future Charts and Hangseng Index Weekly Charts are shown. As of now both trades weaker and under the Ichimoku cloud resistance with gold long term resistance near 1100 levels and Hangseng Resistance near 22,00(approx). Have a deep look into the chart
Ichimoku Indicator turned to buy for all the timeframes. Just Checkout the Nifty Futures Charts of 5min,15min,Hourly Charts
Ichimoku plays a great role in high probability trading. Let look into different setup of timeframe(Daily, Hourly,15min) and once can formulate his trade easily which side to trade and which side not to trade. I had applied the parameters(3,13,16) Ichimoku parameters to Nifty futures under various timeframes to determine a high probable trade.
Earlier we had a discussion about the bearish setup in Icimoku cloud Indices charts and this post is just a relook into Weekly cloud charts once again Ichimoku Cloud Charts for Nifty,Dow Jones, Shangai Composite and Hang Seng Shown. And from the charts it is seen that still Chinese Indexes(shangai Composite and Hang Seng is […]