Ichimoku MTF

[ichimokusignal]

Ichimoku Multi-Timeframe Method
Use timeframe H4, h1, m15 or h1, m15, m5
-H4: Price > kijun, price is out of the cloud
-H1: Chikou > prices and prices are above the clouds
-M15: Tenkan>kijun m15, chikou > price, blue future clouds
Then enter the buy order
-H4: Price < kijun is out of the cloud
-H1: Chikou < price and price above the clouds
-M15: Tenkan<kijun, chikou < price, red future clouds
Then enter the sell order

Gold trading example: timeframe (M15, M5, M3)
https://www.tradingview.com/x/pQ04U6YA/
https://www.tradingview.com/x/0yVrNEWJ/
https://www.tradingview.com/x/HeFkpAxE/

Bitcoin trading example: timeframe (H4, H1, M15)
https://www.tradingview.com/x/R1Tolebb/
https://www.tradingview.com/x/wm7mCOBg/
https://www.tradingview.com/x/O4CYSZw2/

VNINDEX trading example: Time frame (H4, H1, M15)
https://www.tradingview.com/x/XGpIBoGp/
https://www.tradingview.com/x/JCiYOXpg/
https://www.tradingview.com/x/vxwUEnNY/


About Ichimoku
History of Ichimoku
– Ichimoku Kinko Hyo is an intuitive Trend following chart system.
Ichimoku means to look over. Kinko means balance and Hyo means chart. So Ichimoku Kinko Hyo can be understood as "looking through a balance chart".
– Ichimoku was developed by a Japanese named Goichi Hosoda before World War II. After more than 20 years of research. Hosoda released a book in 1969. However, the original books and documents about Ichimoku have never been translated into English. Rumor has it that it was kept in a secret vault at the Bank of Japan.
The Ichimoku Kinko Hyo system consists of 5 components (Line-Line). These 5 lines combine to create an overall Ichimoku picture.
1.Tenkan Sen called the reversal line with the formula (Highest High + Lowest Low)/2 with a period, for example 9.
2.Kijun Sen calls the standard curve with the formula (Highest High + Lowest Low)/2 with a period, for example 26.
3.Chikou Span is called the slow price line, is the current price line. Shift back before 26 Period.
4.Senkou A is called the fast path A with the formula (Tenkan Sen + Kijun Sen)/2 and is moved by Shift after 26 Period.
5.Senkou B is called fast path B with formula (Highest High + Lowest Low)/2 with period, for example 52.
And 3 basic and default parameters: Tenkan-sen, Kijun-sen and Senkou Span B.
1. TENKAN SEN
It simulates the short-term movement of the price. Most Traders use SMA-10 but with Tenkan Sen. By using the average of Highest High and Lowest Low. We measure the degree of oscillation between periods.
Look at the picture below. Notice when the Trend is up. Tenkan Sen never runs higher than the low of the candles. There was 1 exception. Meanwhile, the 9 SMA penetrated the low more than 3 times. So Tenkan Sen (use Highest High and Lowest Low). Describes short-term movement better than SMA (close price only). In fact, you can use Tenkan to set Stoploss levels.



There are a few things to keep in mind:
●Trends
-Raise: If the price is above the Tenkan Sen
-Discount: If the price is below Tenkan Sen
●Tenkan Sen
direction along with Trend. The steeper the slope, the stronger the trend.
●If Tenkan Sen goes sideways
it shows that the price is moving in short term. Price may soon reverse.
●Tenkan Sen is short term support/resistance level
When Trend is running. If the price cuts the Tenkan Sen in the opposite direction of the Trend, there are 3 scenarios that will happen:
-Trend in small, short term: when the price cuts Tenkan Sen but cannot cut Kijun Sen. And will quickly resume the original Trend.
-Trend strong rebound: price will cut both Tenkan Sen and Kijun Sen in the opposite direction of Trend. Then will continue Trend.
- Reversal: similar to a strong retracement scenario, but the price will not continue Trending. Price will either move sideways or create a new Trend.
●Tenkan Sen is very close to the price
If the price and Tenkan Sen are close to each other, the trend is slow and less noisy. If the price runs away from the Tenkan Sen, it will most likely return to the Tenkan Sen for balance. Sometimes the price runs strong and far to Kijun Sen. Creates a strong pullback or can be reversed. So be careful when the price is out of balance with the Tenkan Sen.
2. KIJUN SEN
It simulates the price movement in the medium term. Same as Tenkan Sen but instead of using 9 cycles it uses 26 cycles. With the Daily chart, Kijun Sen corresponds to 1 month (26 trading days). And Tenkan Sen corresponds to 1 and a half weeks (9 days). Notes about Kijun Sen:
Trends
-Raise: if price is above Kijun Sen
-Discount: if price is below Kijun Sen
● Kijun Sen
direction along with Trend. The steeper the slope, the stronger the trend. Not like Tenkan Sen. Price needs to run a lot to start affecting Kijun Sen. When using Kijun Sen, we will miss the beginning of the trend because we have to wait for the trend to form on its own. When Kijun Sen is flat, it reflects the price is moving sideways
● Kijun Sen is an important support/resistance level.
● When the price crosses Kijun Sen, the trend may change. A strong retrace or a reversal is not possible until the price crosses the Kijun Sen.
● When price cuts Kijun Sen, there are 3 scenarios similar to when cutting Tenkan Sen.
Price often tends to move away and then back to the Kijun Sen. Following a certain cycle because Kijun Sen is like an equilibrium. When Momentum increases and the price moves up or down

[Apprentice]

What trading station you are using?

[ichimokusignal]

What trading station you are using?

Can you be more specific?

[Apprentice]

TS2, MT4 or MT5

[ichimokusignal]

TS2, MT4 or MT5

Yes, it makes sense at all stations

[Apprentice]

Choose one.

[ichimokusignal]

Choose one.

Please on MT4. Thank you

[Apprentice]

We have added your request to the development list.
Development reference 298.