LeMogwai

Chart - Optimisation of Ichimoku for Bitcoin

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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This chart shows the settings that I use with Ichimoku and bitcoin .
It's based on the settings (10, 30, 60, 30).

Originaly Ichimoku settings are (9, 26, 52, 26) based on this statement :
"As a result, the number nine represents a week and a half of trading; 26 equals the number of trading days in a typical month (30 minus four Sundays); and 52 equals two months of trading days."

For bitcoin the market is open 7 days a week every month.
- 1st number : 7+3.5 = 10 (better because of low volume on sunday)
- 2nd and 4th numbers : 30 days in a month
- 3rd number : number of days in 2 month : 2*30 = 60 days

I am open to any kind of suggestion.