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Ichimoku with adx


rockstar

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HI EVERY BODY , i will talk about strategy using ichimoku and adx .

 

first a quick review about each : -

 

the ichimoku :-

 

Essentially made up of four major components, the application offers the trader key insight into FX market price action. First, we'll take a look at both the Tenkan and Kijun Sens. Used as a moving average crossover, both lines are simple translations of the 20- and 50-day moving averages, although with slightly different time frames.

 

1. The Tenkan Sen - Calculated as the sum of the highest high and the lowest low divided by two. The Tenkan is calculated over the previous seven to eight time periods.

 

2. The Kijun Sen - Calculated as the sum of the highest high and the lowest low divided by two. Although the calculation is similar, the Kijun takes the past 22 time periods into account.

 

What the trader will want to do here is use the crossover to initiate the position - this is similar to a moving average crossover.

 

the adx : -

 

The Average Directional Index (ADX), Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder. Wilder designed ADX with commodities and daily prices in mind, but these indicators can also be applied to stocks. The Average Directional Index (ADX) measures trend strength without regard to trend direction. The other two indicators, Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), complement ADX by defining trend direction. Used together, chartists can determine both the direction and strength of the trend.

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  • 5 months later...

Pairs: all.

Time Frame: 15 min and Higher.

Tenkan Sen : gold.

Kijun Sen : Red.

Chikou Span (Lagging Line) : Purple.

 

Short Entry:

Condition 1: Tenkan Sen below Kijun Sen.

Condition 2: Chikou Span below the Price Line.

Condition 3: Current Price below the Cloud.

 

Long Entry:

Condition 1: Tenkan Sen above Kijun Sen.

Condition 2: Chikou Span above the Price Line.

Condition 3: Current Price above the Cloud.

 

Exit Position:

To exit, we use Chikou Span (the lagging line).

 

Stop Loss

For LONG position: The support on Chikou Span right below the price you enter is your Stop Loss level,

 

vice versa, for Shor position.

 

Take Profit

The resistance on Chikou Span right above the price you enter is your Take Profit level,

vice versa, for Short position.

 

ichimoku.gif

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