Ichimoku Kinko Hyo trading system...!

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darshanshukla

Well-Known Member
#21
amibroker users can use the following code for the system:

Code:
//=======================================================================
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}

SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;
DL = Ref( C, 26 );
Span1 = (( SL + TL )/2);
Span2 = (HHV( H, 52) + LLV(L, 52))/2;

Plot(SL,"SL",2,styleThick); // standard, base, or kijun-sen line
Plot(TL,"TL",2,styleThick); // turning, conversion, or tenkan-sen line
Plot(DL,"",colorLightBlue,styleLine); // delayed, lagging, or chikou span
Plot(Span1,"",colorGreen,1,0,0,26); // senkou span A, kumo, or white clouds
Plot(Span2,"",colorSeaGreen,1,0,0,26); // senkou span B, kumo, or white clouds
PlotOHLC(Span1,Span2,Span1,Span2,"",IIf(Span1>Span2,8,9),styleCloud|4096,0,0,26);

Buy = Cross(TL,SL);
Sell = Cross(SL,TL);
shape=Buy*shapeUpArrow + Sell*shapeDownArrow;
PlotShapes(shape,IIf(Buy,colorDarkGreen,colorRed), 0,IIf(Buy,Low,High));
//==========================================================
special thanks to Daitya for providing the afl...
Dear Linkon,
We are Metastock users friend,
I have built up and Indicator with the code but they are not giving line with different colors for different lines,
please give firm and best formula for metastock users if you can give...
you are doing great afforts for Trader community,
keep it up brother
Dr. Darshan
 

Nishikant

Well-Known Member
#22
Yes Sir

Nishikantbhai,

Well said about Linkon but I feel that is not enough. He deserves much more but i have no words to express. That i leave to U & all other enlightened members of this Forum. LINKON being a friend of my Elder son (an MBA employed with HDFC Ltd as branch head) i know his business establishment & his family. He is so nice & good natured helpful & generous U cant imagine without meeting him personally. Through CHAT is not enough 2 know his nature. A few occassions I sat over in front big screen he uses at his home during trading hours. He showd me ICHIMOKU Chart & explained during his entry/exit but i didnt understand anything. Now we got > we deserve. For that ur million thanks is less. From core of my heart i wish him, his family & specially to his Baby daughter all the best of luck & good health/happiness so we can cotinue to receve his sermons. Lastly i wish to say that an elder person (59 yrs) like me is a member of this Great Forum because he introduced me to this & i am finding that this Forum having many RATNAS (not 9) after going through various threads on different topics. He deserves a special thanks from me bcz threads of this forum helps me to spend time & enlighten myself 5 AM to 9 PM beyond trade hours. Though out of the topic please note that LINKON is a extremely HANDSOME person deserves to be in film industry. THANkS 2 U and ALL.

SM


SIR SIBUMAJUMDAR :thumb:


HARI OM. YOU HAVE BEEN RIGHT ABOUT LINKON DA. HE DESERVES TO BE IN THE FILM INDUSTRY.


I VERY WELL REMEMBER SOME 3 MONTHS AGO, I TOLD LINKON DA THAT HE CAN BECOME AN ADVISOR IN THE FINANCIAL STREAM BECAUSE HE HAS GOT A KNACK OF MAKING PEOPLE UNDERSTAND THE CONCEPT EFFECTIVELY.


AND I AM HONOURED TO KNOW BOTH LINKON DA AND YOU YOURSELF.



HATS OFF TO YOU SIR. YOU ARE 59 YEARS AND THE WAY YOU HAVE PARTICIPATED IN THIS VERY FORUM MAKES ME SALUTE YOU. I AM SEEING MEN & WOMEN OF 59 YEARS. THEY ARE LEAST INTERESTED ABOUT THE STOCK MARKET, FORGET THE TECHNICAL ANALYSIS PART.



KEEP IT UP SIR. BY THE WAY MY AGE IS 29 AND I AM 30 YEARS YOUNGER TO YOU SO THAT'S WHY I HAVE BEEN CALLING YOU SIR. I DO NOT LIKE THAT WORD "UNCLE" OR "AUNTY" IT MAKES THE OTHER PERSON LOOK MORE ELDERLY EVEN THOUGH HE OR SHE IS.


SO PLEASE DO NOT MIND ME CALLING YOU SIR. THAT IS WITH DUE RESPECT TO YOU.



THANKING YOU & MAY GOD BLESS YOU AND EVERYONE AT TRADERJI.COM


GANPATI BAPPA MORYA :)


HARI OM :)

REGARDS,
NISHIKANT K. HADGE
 

sibumajumdar

Well-Known Member
#23
Re: Yes Sir


SIR SIBUMAJUMDAR :thumb:


HARI OM. YOU HAVE BEEN RIGHT ABOUT LINKON DA. HE DESERVES TO BE IN THE FILM INDUSTRY.


I VERY WELL REMEMBER SOME 3 MONTHS AGO, I TOLD LINKON DA THAT HE CAN BECOME AN ADVISOR IN THE FINANCIAL STREAM BECAUSE HE HAS GOT A KNACK OF MAKING PEOPLE UNDERSTAND THE CONCEPT EFFECTIVELY.


AND I AM HONOURED TO KNOW BOTH LINKON DA AND YOU YOURSELF.



HATS OFF TO YOU SIR. YOU ARE 59 YEARS AND THE WAY YOU HAVE PARTICIPATED IN THIS VERY FORUM MAKES ME SALUTE YOU. I AM SEEING MEN & WOMEN OF 59 YEARS. THEY ARE LEAST INTERESTED ABOUT THE STOCK MARKET, FORGET THE TECHNICAL ANALYSIS PART.



KEEP IT UP SIR. BY THE WAY MY AGE IS 29 AND I AM 30 YEARS YOUNGER TO YOU SO THAT'S WHY I HAVE BEEN CALLING YOU SIR. I DO NOT LIKE THAT WORD "UNCLE" OR "AUNTY" IT MAKES THE OTHER PERSON LOOK MORE ELDERLY EVEN THOUGH HE OR SHE IS.


SO PLEASE DO NOT MIND ME CALLING YOU SIR. THAT IS WITH DUE RESPECT TO YOU.



THANKING YOU & MAY GOD BLESS YOU AND EVERYONE AT TRADERJI.COM


GANPATI BAPPA MORYA :)


HARI OM :)

REGARDS,
NISHIKANT K. HADGE

Dear Nishikantji

Many---thanks for ur complements. Its a Forum for experts (U R 1 of them),Learners & readers (I am). So u deserve the complements like SIR as DR Darshan has expressed many times & i agree with him fully. Therefore, my humble request to u plz address me simple SM. I shall be more happy. I hope u got me. Brother u r very young but so hard woking & enthisistic to share ur knowledge which always hitting the bulls defying all logics. Besides Managing ur broker firm u r doing all these philathropic activities which probably putting strain on ur body & as a result u had fallen sick last month.Therefore, u deserve a Big Salute not only from me but also from all who follow your thread . Plz take care of yourself at least for the sake of your family & all of us who daily eagarly wait for your ID & Weekly Analysis. More about LINKON later on. Wishing u good health & happiness & requesting u not to strain yoursrlf > it can bear. Iam late 2 respond as y'day 2nd half B Band was down. Plz dont mind. U believe me, now my best companion is TJ.com with whom i spend 4 to 6 hrs daily & i enjoy it very much becoz its contents give me lot of satisfaction & for the same i am thankful to you ALL & TRADERJI . Lastly thanking U & all the TJ Members.

SM
 

linkon7

Well-Known Member
#24


Monthly chart Analysis oif Nifty Spot:
• As per the cloud, 3698 appears to be an important support level.
• 3698 has been tested 3 times, so that is a valid line of support.
• The cloud is bullish, the rally that started from the year 2004, has seen a deep correction, the cloud was not pierced in the sharp fall of 2008-09 and acted as support.
• The standard line is at 4305 and is flat.
• The delayed line is bang on the price.
• The tuning line is at 3598 and is below the standard line, signifying bearishness.
 

linkon7

Well-Known Member
#25


Weekly charts:

• As per the cloud, 3790 to 3160 is the support zone.
• The cloud is bearish, meaning we are in a major rally in a bear market.
• 3790 has been tested 3 times and remains a very strong support line.
• Standard line is flat and is at 3616, meaning an attempt to revert to this mean position. Either this line will move up to meet the price or the price will come down to meet this line. 3616 appears to be the fair value of nifty spot.
• The delayed line is below the cloud, but above the price. This just means the drift is expected to be slow and neither the bulls nor the bears are aggressive.
• The turning line is at 4113 and is rising, meaning a fight to this level is expected, since we are above the standard line which is at 3616.
 

linkon7

Well-Known Member
#26


Daily chart:
• As per the cloud, 4320 to 3795 appears to be the zone of support.
• Both the standard line and the tuning line is sloping downwards, meaning a continuation of the fall in the short term.
• The tuning line is below the standard line, meaning is a sell on rally market.
• The delayed line is below the price, meaning bearish sentiments
• If nifty doesn’t bounce back from 3795, then further fall is expected.
 

linkon7

Well-Known Member
#27


Hourly chart :
• The last bar makes the chart look real ugly and very bearish. A major support zone has been breached and the same support zone will now act a very strong resistance.
• Price is below the cloud, the tuning line, the standard line. So the sentiments is very bearish.
• The delayed line is below the cloud and below the price. So the task of climbing upwards will see a lot of selling pressure.
• The standard line has fallen from the equilibrium and is sloping down.
• The cloud projection has turned bearish, with the resistance zone very high. This is a sign of more selling to come.
• 4070 has been acting as a strong support line and we have closed below that with a wide bar.
 

linkon7

Well-Known Member
#28


15 min chart :
• 4132 to 4082 will be the next resistance zone. Buying to be attempted above this zone only. Till then it’ll be a sell on rally strategy.
• The delayed line is below the price and below the cloud. Meaning the power is now with the bears.
• Both the tuning line and the standard line is merged and is falling. That just means the price is been consolidating before the fall. This adds a lot of strength to the fall.
 

linkon7

Well-Known Member
#29
Conclusion : Nifty Spot expectations
Different timeframe gave different data-points but shorter time frames suggest we can expect a strong selling pressure till 3795 levels. That’s the next bounce back zone. Buying can be attempted above 4132 only. Till then short the rallies….with a target of 3795 and then 3698.
 

Nishikant

Well-Known Member
#30
4132???? Are You Serious?????

Conclusion : Nifty Spot expectations
Different timeframe gave different data-points but shorter time frames suggest we can expect a strong selling pressure till 3795 levels. Thats the next bounce back zone. Buying can be attempted above 4132 only. Till then short the rallies.with a target of 3795 and then 3698.


DEAR LINKON BRO :thumb:


ARE YOU SERIOUS ABOUT 4132?????


BECAUSE THE "MEDIAN" IS 4140.


ICHIMAKU IS ALSO AGRREING WITH MY MEDIAN OF 4140, I HOPE :clap:


THANKING YOU FOR THE TREMENDOUS EFFORTS.


GANPATI BAPPA MORYA :)


HARI OM


REGARDS,
NISHIKANT K. HADGE
 
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