One problem with Ichimoku is so many lines making mess out of screen. Beginner normally get shocked , goes ballistic and never turn to this fantastic indicator.
To aid learning , a built-in logic indicating only bullish signal is developed. Just look for start of thick white line (which is actually closing line) - when it is white then bullish, when not either ranging or bearish. Idea here is to catch bullish.
So how the logic catches bullish trend? Following are conditions. Here we go...
1.Close is above conversion (xxperclosehi) line and
2 Close is abloe baseline (xxperclosehi1) and
3. Chikou (lagging span) is above price 26periods ago (xxChikou) and
4. Chikou is above cloud 26periods ago
5. Senkou is green i.e. leading span 1 is greater than leading span2 (xxSenkou) and
6. close > 50 simple moving average (<--this is to ensure that we are entering bullish up trend and is deviation from normal ichimoku philosophy)
if all these 6 conditions are met, the Orange-White thick line will turn White else remain orange.
A line of encouragement would be appreciated...this is my first attempt at ichimoku realm !!
To aid learning , a built-in logic indicating only bullish signal is developed. Just look for start of thick white line (which is actually closing line) - when it is white then bullish, when not either ranging or bearish. Idea here is to catch bullish.
So how the logic catches bullish trend? Following are conditions. Here we go...
1.Close is above conversion (xxperclosehi) line and
2 Close is abloe baseline (xxperclosehi1) and
3. Chikou (lagging span) is above price 26periods ago (xxChikou) and
4. Chikou is above cloud 26periods ago
5. Senkou is green i.e. leading span 1 is greater than leading span2 (xxSenkou) and
6. close > 50 simple moving average (<--this is to ensure that we are entering bullish up trend and is deviation from normal ichimoku philosophy)
if all these 6 conditions are met, the Orange-White thick line will turn White else remain orange.
A line of encouragement would be appreciated...this is my first attempt at ichimoku realm !!