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__________________________________________________________________________________________

Manesh Patel

info@eiicapital.com

+16468639620

TradestationIchimoku Indicator

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Disclaimer

Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results.

This is for educational use only. All materials and information is owned by E.I.I. Capital Group. The material and information can not be copied and/or distributed to anyone without the permission of E.I.I. Capital. Ichimokutrade is an affiliate of E.I.I. Capital Group.

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Contents1. Back Ground............................................................................................................................- 5 -

2. Input Values............................................................................................................................- 5 -

2. Radar Screen...........................................................................................................................- 9 -

3. Chart..................................................................................................................................... - 10 -

4. Workspace............................................................................................................................- 14 -

6. Ichimoku E-Book...................................................................................................................- 15 -

6. Contact Details......................................................................................................................- 15 -

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1. Back GroundIchimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.

The indicator can be used either for Charting and/or Radarscreen. Both will be described below.

2. Input Values

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Figure 1: Input Screen

Here is a breakdown of each items and description:

Type Description Value

Tenkan_Sen_Length Value of the Tenkan Sen Indicator 9

Kijun_Sen_Length Value of the Kijun Sen Indicator 26

Senkou_SpanB_Length Value of the Senkou Span B indicator 52

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Senkou_Span_Offset Offset of the Cloud. 26

Show_Chikou_Span Display the Momentum Indicator. True indicates show the value whereas False indicates don’t display the value

True

Chikou_Offset How bar in the past to display the Chikou Span Indicator

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CountCurrentBarinOffset Count the current bar in the formulas. true

Kinjun Color Color of the Kijun Sen Indicator green

Tenkan Color Color of the Tenkan Sen Indicator red

Chikou_Color Color of the Chikou Span Indicator cyan

Up_Cloud_Color The color of the cloud to indicate Bullish. Yellow

Down_Cloud_Color The color of the cloud to indicate Bullish. red

Skacolor Color for the Senkou Span A indicator White

skbcolor Color for the Senkou Span A indicator Yellow

Radar Screen Only

BackGround_Bull_Color Background Color of Radar Screen cell for Bullish DarkBlue

BackGround_NewBull_Color Background Color of Radar Screen cell for Bullish that is occurring now.

Blue

BackGround_Bear_Color Background Color of Radar Screen cell for Bearish DarkRed

BackGround_NewBear_Color Background Color of Radar Screen cell for Bearish that is occurring now.

Red

BackGround_Neutral_Color Background Color of Radar Screen cell for Bullish DarkGray

The Ichimoku indicator is a unique indicator that requires a specific number of bar history in order to work. As a result, the General Tab for the Indicator needs to be altered from the default settings. Normally, the “Load additional data for accumulative calculations” is not checked. In order to have the Ichimoku formulas correct, this value must be filled. The minimum value needs to be 200.

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Figure 2: General Tab

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2. Radar Screen

Figure 2: Radar Screen Layout

Here is a breakdown of each items and description:

Type Description Value

Tenkan Tenkan provides the Support/Resistance for 9 bars Numerical Value

Kijun Tenkan provides the Support/Resistance for 26 bars Numerical Value

Chikou Current value of the Chikou Span which is the current closing price.

Numerical Value

SenkouSpan_A Value of the Senkou Span A at CURRENT PRICE. Numerical Value

SenkouSpan_B Value of the Senkou Span B at CURRENT PRICE. Numerical Value

A_Cloud Value of the Senkou Span A in the future. Numerical Value

B_Cloud Value of the Senkou Span A in the future. Numerical Value

Sentiment Looks at the location of price in terms of the cloud. If price is above the cloud, the sentiment is Bullish. If price is below the Cloud, the sentiment is bearish. When the Value as “New” in the value, it indicates it just happened.

New Bull

Bull

New Bear

Bear

Momentum Determines the momentum of the trend. When the Value as “New” in the value, it indicates it just happened.

New Bull

Bull

New Bear

Bear

Future Cloud Determines the sentiment for the future cloud. When the Value as “New” in the value, it indicates it just happened.

New Bull

Bull

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New Bear

Bear

TS/KS Determines the relationship between the Tenkan Sen and Kijun Sen values. If Tenkan Sen is above the Kijun Sen then the value is Bullish. If the Tenkan Sen is below the Kijun Sen then the value is Bearish. . When the Value as “New” in the value, it indicates it just happened.

New Bull

Bull

New Bear

Bear

3. ChartMost indicator don’t require anything data to be printed to the right of the current bar. Everything is at the current bar or drawn to the left of the current bar representing past price action.

Ichimoku is very different. It draws data 26 bars in the future. As a result, the chart needs to be altered to allow for this future drawing. Figure 3 shows the value that needs to be changed.

NOTE: Before the Ichimokutrade indicator can be added, the “Space to the Right” field needs to be changed from 0 to 28 bars” under the “Format Window” option. If this is not done, an error will occur.

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Figure 3: General Tab under Format Window Option

4. Error where the Cloud does not draw Vertical Lines

If you get a chart similar to Figure 4 then change the values shows in Figure 5 and Figure 6.

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Figure 4: Vertical Lines in Cloud didn’t draw

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Figure 5: Format Ichimokutrade Indicator->Style->A_Cloud

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Figure 6: Format Ichimokutrade Indicator->Style->B_Cloud

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5. Error with Candle Lines

If your charts look like Figure 7 below then another menu options needs to be changed.

Figure 7: Candle Stick View Issue

To fix the problem above, please uncheck the Candlestick option under the Display tab under Chart Analysis Preferences.

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6. Workspace

The workspace called Ichimokutrade.tsw provides a sample chart and sample Radarscreen. Figure 7 shows the screen shot of the workspace.

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7. Ichimoku E-BookOn our website at www.eiicapital.com, we provided a free E-Book. The E-Book covers all the Ichimoku

formulas along with the strategies.

8. Contact DetailsPlease contact us for any issue you may have including product enhancements. Our email address is as

follows: info@eiicapital.com

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