Ichimoku

the Ichimoku Kinko Hyo charting system

Logic

Opening (Entry Signal)

Open a new long position or add to an existing one at the beginning of the bar when all the following logic conditions are satisfied:

Ichimoku Kinko Hyo – the Tenkan Sen is higher than the Kijun Sen; and the position opens above the Kumo of Ichimoku Kinko Hyo; and the Chikou Span of Ichimoku Kinko Hyo is above the closing price of the corresponding bar; and Ichimoku Kinko Hyo – the Kijun Sen is above the Kumo. 

Open a new short position or add to an existing one at the beginning of the bar when all the following logic conditions are satisfied:

Ichimoku Kinko Hyo – the Tenkan Sen is lower than the Kijun Sen; and the position opens below the Kumo of Ichimoku Kinko Hyo; and the Chikou Span of Ichimoku Kinko Hyo is below the closing price of the corresponding bar; and Ichimoku Kinko Hyo – the Kijun Sen is below the Kumo. 

Closing (Exit Signal)

Close an existing long position at the Kijun Sen of Ichimoku Kinko Hyo.

Close an existing short position at the Kijun Sen of Ichimoku Kinko Hyo.


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