ichimoku-clouds Breakout

Hi,

Thanks for the advice. What's the bottom indicator that you use. A couple of layers of text have stuck themselves on top so I can't quite makeout what it says!

Many thanks,

Will

If you look back, you will find that Zamanib has a perfect indicator called cloud matrix which gives you exactly what you want.

Agree, it has also the option to show arrows (in the indicator window).
No alert message however (like some people prefer; i don't )

A perfect indicator wow wish I had one of them.........

yes the indicator itself is perfect - it does exactly what it says on the tin.

Hi Willh
It's the vorticity indi it's here somewhere, just do a search, it's a repainter which seems to upset some people but use it sensibly and it's great.
I'm probably a bit old and cynical now but it's easy to get excited about any system that seems to be producing winner after winner, but as soon as the market starts ranging you'll see it's true value.
To me the best systems will minimise your losses during a ranging market and maximise them when trending, the system I use is far from perfect and as far as I'm aware there is no perfect system that will make you profits in a ranging and trending market.
Renko works for me and the set up I use seems to keep me out of the worst ranges, but whatever does the job I'm all for it.
I find Ichimoku very good at letting you know when to go short or long and when to lie low, far better than most methods.
I don't understand why the TS KS and CS seem to be ignored here as they only seem to help confirm trades, but if it works go for it.
Have a very happy Easter everyone.

this is it

That is not the way we share files, the dang thing loaded a program to my disk! If you want to share a file, you need to upload it to attachments, Ok?

i suppose you refer to the external link i used last night? you're right, but at that whole time the upload function at forexfactory was not working for me, so had to upload somewhere to share. Sorry if it caused incovenience

sorry goldsurfer if I caused a problem - I've never uploaded an indicator here before

Yeah, just upload the file, most folks don't won't a program they are not familiar with loaded into their equipment. I was a dummy for clicking on it but just never had anybody do that one before, live and learn

hi Forex1962
would u plz give us all of your indicator that we can see in the picture .
advance ADX , trendandflat , MACD .
THX

First, thanks to zamanib for starting a great thread. To show my thanks and to return the sharing, I have attached a custom signal generator as an indicator that might help in isolating possible trading periods.

The system that zamanib is posting is a "Kumo Breakout" strategy. As such, it implements one of several signal sets from the Ichimoku Trading System. The link that zamanib has suggested in the First post gives a great overview of Ichimoku. I am not an Ichimoku expert, but I have gone through the Ichimoku system and have created this custom indicator that produces the various signals provided for in Ichimoku. You will find them in the attached indicator. I will go through each external parameter with a brief explanation immediately below:

1. EarlySignal. The way this indicator is programmed to work, it waits for the close of a candle before a signal is generated. If you set "EarlySignal" to true, it will repaint the previous signal bar to green or red as appropriate before the close of the current candle so that an early signal is generated. The early signal might toggle in and out as price toggles in an out of the signal area before the candle close, but it will give one an early alert of a possible signal so that one has more time to evaluate the possible trade. Leave this set to false until you become comfortable with the signals, and then experiment with setting it to true.

2. Kumo_Breakout_Enable. Setting this parameter to true enables the Kumo Breakout Strategy. If price is above the Kumo (cloud), the signal is green. If price is below the Kumo, the signal is red. If price is within the Kumo, the signal is yellow.

3. Tenkan. This is the period of the TenkanSen signal line in the Ichimoku system. zamanib is currently setting the parameters to 8, 24, 48 in the first post, so set this to 8 if you are using his parameters. There is some controversy within the Ichimoku trading community as to what these parameters should be. The original Ichimoku system has these parameters set top 9, 26, 52, but the original system was developed on weekly timeframes. Adding to the confusion of zamanib's system is the use of constant range bars, so we do not have a timeframe. So you can experiment with this. Personally, I like the 4, 12, 24 parameters that zamanib originally used.

4. Kijun. This is the second parameter in the Ichimuko system and corresponds to the period of the KijunSen signal line. Set this to 24 if you are using zamanib's recommendations.

5. Senkou. This is the third parameter in the Ichimuko system and corresponds to the period of the SenkouSpan B signal line. Set this to 48 if you are using zamanib's recommendations.

6. TKS_KJS_Cross_Enable. Setting this to true enables the cross of the TenKen Sen signal line (TKS) with the Kijun Sen signal line (KJS). If the TKS crosses the KJS from below, the signal bar is green. If the TKS cross the KJS from above, the signal generated is red.

7. KJS_Cross_Enable. Setting this to true enables the cross of the price line with the Kijun Sen signal line (KJS). If price crosses the KJS from below, the signal bar is green. If the price crosses the KJS from above, the signal generated is red.

8. ChikouSpan_Filter_Enable. The Ichimoku ChikouSpan signal line is the green line on the chart that is translated backward in time by the number of periods specified as "Kijun" in the parameter list (24 in zamanib's set of parameters). Setting the "ChikouSpan_Filter_Enable" parameter to true, causes this signal to be green when ChikouSpan signal line crosses above the price line, and red when the ChikouSpan signal line crosses below the price line. In the code for this signal, I use a 3 period SMA close to estimate the price line, just to implement a small amount of filtering to make the signal smoother.

9. SenkouSpan_Cross_Enable. Setting this signal to true enables the cross of the SenkouSpanA signal line (SpanA) with the SenkouSpanB signal line (SpanB). If SpanA crosses SpanB from below, the signal bar is green. If the SpanA crosses SpanB from above, the signal generated is red. Remember that this signal is translated forward by the number of periods specified as "Kijun" in the parameter list (24 in zamanib's set of parameters).

10. TradeWindowsEnable. Setting this parameter to true provides for two time windows during which trade signals will be generated. Set to false will generate trade signals 24 hours a day. You can only specify a time window as a start and stop hour.

11. Audio and email signals are provided for.

That is it. I would suggest that you set these signals individually to true so that you can convince yourself that they work individually in accordance with the Ichimoku system. When you enable multiple signals, the resulting signal will be the boolean "and" of the individual signals. For example, if you what to filter the Kumo Breakout signal with SenkouSpan_Cross, enable both signals and you will be allerted everytime price is above/below the Kumo while SenkouSpanA is above/below SenkouSpanB.
I request that you study these signals and read the Ichimoku system literature carefully before you blast me with questions the answers to which will be clear if you study the material. At the same time, review of the attached indicator might identify flaws or improvements, the identification of which are welcome. Thanks again to zamanib for starting this thread.

don't know about anyone else but this indicator crashed my MT4 completely. I isolated it to exactly the ichi signals indicator because after I deleted it MT4 worked fine.

Must be a glich but I can't see any of the posted pics

Two sugestion for clearing up your problem:

1. The IchimokuSignals indicator does an iCustom call to an indicator called "Ichimoku" that must be in your experts/indicators directory. Check your experts/log file an see if MT4 is trying to load "Ichimoku" and cannot find it. If this is the case, the log file will be hugh. I have attached the required file to this message.

2. Check to see that you are using the latest MT4 build. I am using Build 399 and the indicator was compiled successfully under build 399. You can check the build you are using by going to help/about from the pulldown on the top header. It is good practice to keep the build current. Maybe you know all this -- I do not mean to talk down to anyone.

My quess is that suggestion 1 above will clear up your problem.

Hi ido. I tried to respond to your PM, but FF returned the message. Don't know why, so here is my response.

The early signal feature in my indicator simply has to do with the alert architecture tha is in the indicator, and nothing to do with Ichimoku or the cloud. In order to get an alert (audio or email), the last closed candle must be green (long) or red (short) and the candle before that must not be the same color, most often yellow, but it can be the opposite signal color. This causes a new alert signal everytime a break in the sequence occurs. But the alert will not occur until the close of the current candle. By the time I get to the computer to evaluate the signal, I am usually getting in late, since good moves often start fast. So I introduced the "earlySignal" feature wherein I repaint the previous signal green or red as appropriate when an open candle is turning green or red, and the previous candle is a different candle. I know a signal is coming if the current candle closes on its color, and I do not want to wait for a close. This simply causes an audio and/or email alert to occur so that a little more time is available to evaluate the trade. If the candle closes green or red, and I want to take the trade, I am ready. This feature works regardless of the individual combination of signals that are enabled in the parameters list. I currently have all signals enabled and am happy with the results. You still have to look at the total picture that Ichimoku is offering, but it keeps you from sittoing at the screen all day and all night. EarlySignal just gets me at the computer part of a bar early.

As to the code, I simply programmed the individual signals pursuant to the Ichimoku reference that zamanib provided in post 1, where you will find the five different Ichimoku signal strategies that are implemented in the indicator.

Good luck, Ido. You know your stuff and will do better with this than I will. But Ichimoku is starting to talk to me.

EasyRyder

please post some chart

An annotated picture from Friday's EURUSD activity is attached.

Here is a nice EURCHF picture. Get pretty good signals on all the pairs you see on the bottom of the chart. More pairs will work, but more pairs slow down my MT4, so I have limited it to 5 pairs. Pick five pairs that are trending for the day and go for it. If you are targeting 15 to 120 pips, spread becomes less important.