@faisalwaheed677, Not clear about 20-60 setting? I have never heard about those settings. Could you please elaborate?
I use the default Ichimoku setting and that works well. Also Ichimoku Cloud from TV is better
So the 20-60-120-30 Ichimoku settings are widely used for cryptocurrency markets.
The settings are basically doubled, because the cryptocurrency market is a 24/7 market.
In my experience, and others as well, it also gives more data to work with in order to avoid false signals.
Ichimoku default settings for regular markets work beautiful, its just cryptocurrency markets are always on, so that is the reason for the settings.
trikkone
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@faisalwaheed677, First of all thank you so much for clarifying and yes, it makes sense but I do not use that way. Will have to research further. I will also check with Karen Peloille about this.