Ichimoku Kinko Hyo Strategy+ EMA + 3ATR
This trading strategy uses combination of the Ichimoku Kinko Hyo system with Fibonacci numbers based 13/21/55 exponential moving average ( EMA ) crossover, giving good results in various trending assets !
Also has the Trend-following indicator combining SuperTrend with Chiku breakout from Ichimoku is added in order to confirm trend pattern.
The Ichimoku Kinko Hyo system includes five kinds of signal, of which this strategy uses the most recent of ones i.e. Tenkan Sen / Kijun Sen Cross and price crosses the Kijun Sen. As the Chikou Span, Senkou Span A and Senkou Span B are shifted into the past/future.
The Tenkan Sen, also known as the Turning or Conversion line, is a moving average of the highest high and lowest low over the last 9 periods in this strategy.
The Kijun Sen, also known as the Standard or Base line, is a moving average of the highest high and lowest low over the last 26 periods in this strategy.
The Chikou Span, also known as the Lagging line, is the closing price plotted 26 periods behind in this strategy.
The Senkou Span A, also known as the 1st leading line, is a moving average of the Tenkan Sen and Kijun Sen and is plotted 26 periods ahead in this strategy.
The Senkou Span B, also known as the 2nd leading line, is a moving average of the highest high and lowest low over the last 52 trading days is plotted 26 periods ahead in this strategy.
EMA is quicker to react to the current market price is because EMA gives more importance to the most recent data points. This helps the trader to take quicker trading decisions. Just used the laws of nature for EMA numbers: taken from Fibonacci sequence numbers 13/21/55
A SuperTrend employs ATR values to calculate the indicator values. The SuperTrend indicator combined with Chiku breakout from Ichimoku and plotted. The indicator line changes its color between green and red based on the price momentum in the underlying.
Also has the Trend-following indicator combining SuperTrend with Chiku breakout from Ichimoku is added in order to confirm trend pattern.
The Ichimoku Kinko Hyo system includes five kinds of signal, of which this strategy uses the most recent of ones i.e. Tenkan Sen / Kijun Sen Cross and price crosses the Kijun Sen. As the Chikou Span, Senkou Span A and Senkou Span B are shifted into the past/future.
The Tenkan Sen, also known as the Turning or Conversion line, is a moving average of the highest high and lowest low over the last 9 periods in this strategy.
The Kijun Sen, also known as the Standard or Base line, is a moving average of the highest high and lowest low over the last 26 periods in this strategy.
The Chikou Span, also known as the Lagging line, is the closing price plotted 26 periods behind in this strategy.
The Senkou Span A, also known as the 1st leading line, is a moving average of the Tenkan Sen and Kijun Sen and is plotted 26 periods ahead in this strategy.
The Senkou Span B, also known as the 2nd leading line, is a moving average of the highest high and lowest low over the last 52 trading days is plotted 26 periods ahead in this strategy.
EMA is quicker to react to the current market price is because EMA gives more importance to the most recent data points. This helps the trader to take quicker trading decisions. Just used the laws of nature for EMA numbers: taken from Fibonacci sequence numbers 13/21/55
A SuperTrend employs ATR values to calculate the indicator values. The SuperTrend indicator combined with Chiku breakout from Ichimoku and plotted. The indicator line changes its color between green and red based on the price momentum in the underlying.