ICHIMOKU MTF PRO
ICHIMOKU KINKO HYO MTF PRO by Rohan
In the late 1930s, Goichi Hosoda, a Japanese journalist, known as Ichimoku Sanjin (“what a man in the mountain sees” in translation) created Ichimoku Kinko Hyo.
If we are to translate Ichimoku Kinko Hyo, we will get “a glance at an equilibrium chart”
It has 5 Components:
1. Kijun Sen (brown line): (Highest High + Lowest Low) / 2 over the past 26 periods.
2. Tenkan Sen (blue line): Tenkan-Sen (Conversion Line) = (Highest High + Lowest Low) / 2 over the past 9 periods.
3. Chikou Span (purple line): Present trading days closing price plotted 26 periods behind.
4. Senkou SpanA (green line): (Tenkan-Sen + Kijun-Sen) / 2, plotted 26 periods in the future.
5. Senkou SpanB (red line): (Highest High + Lowest Low) / 2 over the past 52 periods, but plotted 26 periods in the future
Why The Ichimoku Matters?
Ichimoku is an ideal visual representation of key data, based on the historical data of moving averages.
Ichimoku can be used in all time frames for any tradeable asset. Ichimoku can be used in both rising and falling markets
Trading Methods by the ICHIMOKU MTF PRO Indicator:
1. TK Crossover Candle Indicator
2. TK Crossover Lines
3. Chikou Line Display
4. Multiple Timeframes Ichimoku Support/Resistance Lines
5. Kijun Flat Line Display
How traders can ask you for access to your script:
Interested traders to send you a private message on TV to gain access
Terms and Conditions:
1. The Author/User is not responsible for anything or trades taken etc
2. Indicator is for educational purpose only
In the late 1930s, Goichi Hosoda, a Japanese journalist, known as Ichimoku Sanjin (“what a man in the mountain sees” in translation) created Ichimoku Kinko Hyo.
If we are to translate Ichimoku Kinko Hyo, we will get “a glance at an equilibrium chart”
It has 5 Components:
1. Kijun Sen (brown line): (Highest High + Lowest Low) / 2 over the past 26 periods.
2. Tenkan Sen (blue line): Tenkan-Sen (Conversion Line) = (Highest High + Lowest Low) / 2 over the past 9 periods.
3. Chikou Span (purple line): Present trading days closing price plotted 26 periods behind.
4. Senkou SpanA (green line): (Tenkan-Sen + Kijun-Sen) / 2, plotted 26 periods in the future.
5. Senkou SpanB (red line): (Highest High + Lowest Low) / 2 over the past 52 periods, but plotted 26 periods in the future
Why The Ichimoku Matters?
Ichimoku is an ideal visual representation of key data, based on the historical data of moving averages.
Ichimoku can be used in all time frames for any tradeable asset. Ichimoku can be used in both rising and falling markets
Trading Methods by the ICHIMOKU MTF PRO Indicator:
1. TK Crossover Candle Indicator
2. TK Crossover Lines
3. Chikou Line Display
4. Multiple Timeframes Ichimoku Support/Resistance Lines
5. Kijun Flat Line Display
How traders can ask you for access to your script:
Interested traders to send you a private message on TV to gain access
Terms and Conditions:
1. The Author/User is not responsible for anything or trades taken etc
2. Indicator is for educational purpose only