StockFetcher Forums · General Discussion · ICHIMOKU PLEASE HELP US<< 1 2 3 >>Post Follow-up
shillllihs
6,044 posts
msg #132714
Ignore shillllihs
11/22/2016 7:03:14 PM

Thanx again. At first look I thought maybe I picked a dud with the short but overall it looks good for a 1-10 day short scalp.

push5280
201 posts
msg #132731
Ignore push5280
11/23/2016 12:12:30 PM

Shills.....I've been trading Ichimoku for close to a year and it is a powerful system. Here is a linkhttps://www.ichimokutrade.com/articles/Ichimoku_Ebook.pdf to a very good primer on Ichimoku with a number of bull / bear setups. One trade that I have found to be very consistent and profitable is SSA > SSB and RSI(14) between 40 and 50. I also use RSI(2) below 10 ans CCI(4) below -130 as triggers. Those two in tandem and seperately have been reliable triggers for me. My experience with the CCI(4) below -130 is that it is a little faster indication of a trend change or pull back than RSI(2) so be careful that you don't get in too early. My experience has been 1-5 days sooner than RSI(2).

Good luck to you!

shillllihs
6,044 posts
msg #132740
Ignore shillllihs
11/23/2016 1:32:40 PM

Excellent, thank you. You've been a great help.

Kevin_in_GA
4,599 posts
msg #132745
Ignore Kevin_in_GA
11/23/2016 2:45:20 PM

Has anyone asked SF to code this for you? It looks like it could be done quite easily since you have basically already given them the code.

matt
15 posts
msg #132754
Ignore matt
11/23/2016 9:08:41 PM

push, would you mind sharing the filter setup you mentioned?

It seems like the short filter is pretty broad, it's been returning 400 - 500 stocks per day. Do you think this is the way it should be returning? I have changed it to showing stocks above $30 and volume > 2,000,000 to filter some of the larger caps, but it still comes back with 80+. I am not familiar with Ichimoku and will check out that site. Thanks for sharing it!

shillllihs
6,044 posts
msg #133093
Ignore shillllihs
12/7/2016 5:23:13 AM

Push, I appreciate your help.

Can you do one more for me, I think I really like this setup.
From top to bottom
SSB SSA TS KS

I want it as TS just crossed KS. Looks like a strong setup but need to see more results.

push5280
201 posts
msg #133154
Ignore push5280
modified
12/9/2016 2:01:24 PM

shills....

Fetcher[
/* Full Ichimuko Cloud*/
/*Tenkan-Sen*/
set{diff9TS, high 9 day high + low 9 day low}
set{TS, diff9tS / 2}
draw TS on plot price

/*Kijun-Sen*/
set{diff26KS, high 26 day high + low 26 day low}
set{KS, diff26KS / 2}
draw KS on plot price

/*Chikou Span*/
set{CS, DMA(1,-26)}
draw CS on plot price

/*Senkou Span A*/
set{SSA1, TS + KS}
set{SSA2, SSA1 / 2}
set{SSA, SSA2 26 days ago}
draw SSA on plot price

/*Senkou Span B*/
set{SSB1, high 52 day high + low 52 day low}
set{SSB2, SSB1 / 2}
set{SSB, SSB2 52 days ago}
draw SSB on plot price

/*my indicators*/
set{myrange, high 52 week high / low 52 week low}
set{wrval, INDPOSITION(williams %r(10), 60) * 100 }
set{c16, CCI(16)}
set{c126, CCI(126)}



/*Filter Criteria*/
close > 1
average volume(90) > 500,000
SSB > SSA
SSA > TS
TS > KS
TS crossed above KS within the last 1 day

/*Charting*/
draw RSI(14) line at 50
draw RSI(14) line at 90
draw RSI(14) line at 40
draw wrval on plot RSI(2)
draw RSI(2) line at 90
draw RSI(2) line at 10
draw cci(4) line at -130
draw cci(4) line at 130
draw cci(4) line at 0
draw RSI(14) line at 50
draw RSI(14) line at 90
draw RSI(14) line at 40
add column myrange
sort column five descending
chart-time is 6 months
]





push5280
201 posts
msg #133155
Ignore push5280
modified
12/9/2016 2:58:27 PM

Matt....

Here is the set up that I talked about in the earlier post. This setup works best in the earlier parts of the trend. What I look for is SSA > SSB and use the RSI(14), RSI(2) and CCI(4) to time my entries. I go through the charts at night and when I find a set up I like, I use limit orders for an entry the next day. I always set my limit order at today's close. I miss out on some entries but that's the way it goes. I don't worry about it because there will be others. Never chase an entry.

What you want to look for is the RSI(14) between 40 and 50, moving up or side ways. You then use the RSI(2) and CCI(4) as confirmation. in general I look for the RSI(2) below 30 or lower after hitting 90 in the last few days. I will consider a trade if the RSI(2) has hit 90 in the last few days but hasn't hit 30 if the the RSI(2) set a little base and is moving up. CWEI on 7/7/16 is a good example.

RSI(2) below 30, preferably below 10 with a little backslash sort of line or an almost flat line with the CCI(4) below -130 or below in the last few days and moving up is also a good signal. See TECK on 7/20/16 for an example.

As I said in an earlier post in this thread, if you haven't already go to this link and download the ebook. It's free and it is easy to understand explains very clearly what each line of Ichimoku means and offers a number of different setups. It was a big help for me in understanding Ichimoku.
https://www.ichimokutrade.com/articles/Ichimoku_Ebook.pdf

Best of luck to you!


Fetcher[
/* Full Ichimuko Cloud*/
/*Tenkan-Sen*/
set{diff9TS, high 9 day high + low 9 day low}
set{TS, diff9tS / 2}
draw TS on plot price

/*Kijun-Sen*/
set{diff26KS, high 26 day high + low 26 day low}
set{KS, diff26KS / 2}
draw KS on plot price

/*Chikou Span*/
set{CS, DMA(1,-26)}
draw CS on plot price

/*Senkou Span A*/
set{SSA1, TS + KS}
set{SSA2, SSA1 / 2}
set{SSA, SSA2 26 days ago}
draw SSA on plot price

/*Senkou Span B*/
set{SSB1, high 52 day high + low 52 day low}
set{SSB2, SSB1 / 2}
set{SSB, SSB2 52 days ago}
draw SSB on plot price

/*my indicators*/
set{myrange, high 52 week high / low 52 week low}
set{wrval, INDPOSITION(williams %r(10), 60) * 100 }
set{c16, CCI(16)}
set{c126, CCI(126)}

/*Filter Criteria*/
close > 1
average volume(90) > 500,000
SSA > SSB
RSI(14) is between 40 and 50

/*Charting*/
draw RSI(14) line at 50
draw RSI(14) line at 90
draw RSI(14) line at 40
draw wrval on plot RSI(2)
draw RSI(2) line at 90
draw RSI(2) line at 10
draw cci(4) line at -130
draw cci(4) line at 130
draw cci(4) line at 0

add column myrange
sort column five descending
chart-time is 6 months
]




shillllihs
6,044 posts
msg #133159
Ignore shillllihs
12/9/2016 5:10:21 PM

This is all fantastic thank you. I will look more into this.

matt
15 posts
msg #133161
Ignore matt
12/9/2016 11:04:03 PM

Thank you so much, Push! I will check your filter results closely and share how the picks turned out.

StockFetcher Forums · General Discussion · ICHIMOKU PLEASE HELP US<< 1 2 3 >>Post Follow-up

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