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pondview Aug 2, 2008 6:52pm | Post# 1

Ichimoku Indicator For Stop Loss on Tenkan-Sen Line
 
Is anyone aware of an indicator for an Ichimoku chart that would work as follows:

A). That would draw a parallel line below the red Tenkan-Sen line when going long . . . and . . . would draw a line parallel above the Tenkan-Sen line when going short.

B). The indicator would need to allow me to adjust the space between parallel lines according to the number of pips that I indicate.

This line would act as a stop loss indicator. So as the Tenkan-Sen line moves I would like the indicator line to parallel by XX number of pips as I decide.

Thanks for any help.


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