Let’s get Started
First of all, if you haven’t already, go over to the post on setting up the ichimoku cloud for tradingview.
The image below might look complicated. But don’t get disheartened. The ichimoku cloud isn’t as complicated as it looks.
Elements of the Ichimoku Cloud
To make things easier I will abbreviate the terms like so:
- Tenkan-sen = TS
- Kijun-sen = KS
- Sekkou Span A = SA
- Sekkou Span B = SB
- Chikou Span = CS (Current closing price)
The values for each and their respective formula:
(important: since we are trading with crypto, we double all the values since crypto is 24/7. We end up with 20,60,120,120,30)
- TS = (highest high + lowest low)/2 over the last 20 periods
- KS = (highest high + lowest low)/2 over the last 60 periods
- SA = (TS + KS)/2 drawn 120 periods behind
- SB = (TS + KS)/2 drawn 120 periods ahead
- CS = Current closing price displayed Y periods behind
- Whatever timeframe you are usingt the TS will calculate( the high + low) of the last 20 candles divided by 2.
Remember. When looking at the ichimoku cloud the higher timeframe wins. Start with Day>4h>2>1h>30min>15min>5min
continue reading the beginner guide to Ichimoku cloud trading strategy
Hello,
Thanks very useful TA
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