Ichimoku Calculations for Tenkan-Sen and Kijun-Sen Explained
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- Опубликовано: 11 июн 2024
- An understanding of the Ichimoku calculations for the Tenkan-Sen and Kijun-Sen lines will help to apply the indicator more successfully in systematic trading. Formulating a robust Ichimoku strategy that has a viable edge can only be achieved by devising informed trading rules based on the rationale behind those calculations, and identifying a change in direction of the momentum.
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#IchimokuCalculations, #TenkanSenCalculation, #KijunSenCalculation, #IchimokuIndicator, #IchimokuKinkoHyo, #Darwinex, #DarwinexSeries
This is Episode 3 in the Darwinex 'Spotlight on Trading Indicators' Playlist: • Spotlight on Trading I...
Video Contents:
00:00 Tenkan-Sen and Kijun-Sen Calculations
00:22 Why Darwinex?
01:11 Ichimoku Signal Calculations
04:19 Rationale for Ichimoku Momentun Signals
06:28 Summary and Next Episodes
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Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.
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Martyn, I've got to say, you put out the absolute best instructional videos on RUclips. Your presentations are always to-the-point, clear, and avoid the unnecessary "padding" it seems a lot of RUclips educators put into their videos that extend them unnecessarily. Your videos have such a great economy of scale that they, for the most part, are under 10 minutes long and that is sooo appreciated! A question I would like to ask you, and granted it is unrelated to the topic of this video, is where can a trader go to get reliable historical data for purposes of backtesting his or her system(s), whether those systems are automated or manual? I have scoured the Internet and can not find any with tick data more than a few years (at most 4) in length. I can find one minute data in a couple of places yet it still suffers from this same problem. But I would like to know where you go, specifically, to get 10+ years of tick or one minute data and do you do anything with that data prior to using it (such as identifying gaps within it, testing if the data has what seems an excess of price outliers such as highs or lows that are beyond some standard deviation of the data, and so on)? I wasn't sure where I should post this question and couldn't find an email to you directly, so I opted to place it here.
Firstly, thank you for the really great feedback. In terms of tick data, I personally use TDS (Tick Data Suite) from eareview. Hope this helps, Martyn
really awesome content - can‘t wait for the next episode!
Thanks P.R. - Appreciated. Martyn
One suggestion for an indicator to go deeper on is the Qualitative Quantitive Estimation (QQE). What is interesting about this indicator is that it can be used in multiple different ways (around 4 by my count) and uses a smoothed RSI and a ATR based Trend line to create signals which can act a a filter. The different ways to use it also perform differently depending on the asset class you use e.g. OB/OS conditions works better on metals, line crossovers works better on Forex.
Many thanks for the suggestion! Sounds interesting. I have added it to the list for consideration after I have finished the Ichimoku indicator. Note that if I receive a lot of requests, it will not be possible for me to cover all of them, and I will need to select the ones that I feel have most potential. Thanks again for contributing your suggestion, Martyn
i have been watching ur vid everyday
Great to hear Ryan - Thank you!
Thanks for the video, Martyn. You always find the shortest way to come to the point clearly. An other indicator suggestion is: Renko bars, reason: it goes up and down after certain points moved in one direction. In this way it can sit out sideways markets, so no or very less whipsaws. It uses time in a nonlinear way. Maybe its an alternative way for a mechanical trading system.
Hi, and thank you for your second suggestion. Added to the list :) Martyn
Please look on Donchion channel indicator as it is simplest to understand ,shows all current state of the market & please also compare it with Aroon up/Dn & analyse as to which is better, Donchion channel or Aroon , considering Trending & sideways market conditions.... Thanks
thank$$$$$$ SIR would like to ask what time frame better for days and weeks trading
It depends on the parameters you use for indicators but you'll probably stick t the H4 and Daily TFs
sir can u teach me how to code pleeeeeeaaaaaase
You might benefit from taking a look at my MQL4/MQL5 playlist: ruclips.net/p/PLv-cA-4O3y95e9N3saUmDpQGKR11k-v1B This doesn't cover the basics but once you get up to speed I'm sure you will benefit greatly. I will also consider providing a more basic coding series in the future. Thanks for the suggestion.
Bollinger Bands plz 🙏🏻
Many thanks for the suggestion! I have added it to the list for consideration. But if you could reply to explain a little more why you think this is worthy of investigation above other people's suggestions that will help me understand your current thinking, and prioritise between the many indicators that are being requested. Many thanks once again for your suggestion so far, Martyn
@@Darwinexchange Hello to Darwinex team and thank you for taking the time to read and to respond to the comments 🙏🏻 I believe Bollinger’s formula includes so many facts about the mathematical nature of the market and price behavior that vastness of it use can’t be simplified, but it will help a lot to learn more about the structural behavior of the indicator itself and how such patterns can be turn into disciplined trading strategies or even trading algorithms. I do believe Bollinger Bands alone can simplify so many patterns within price reactions to its bands and levels and having multiple Bollingers can do magics for a disciplined person. Can’t wait to see what Darwinex team have in mind for the use cases of Bollinger Bands🙏🏻
@@farzad_tahamtani Many thnaks for the extra information. Have added to the request database. Martyn