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Keith,
Thank you for your comment.
> It looks to me like #3 and #4 below have the same formula and would plot the
> same line. It looks like from the description of #3 and #4 that you want
> them to produce an upper and lower band of some kind. Is one correct and
> one incorrect?
#3 should be read as:
3 futurespan_upper:(darkgreen)
Ref(((HHV(HIGH ,9 )/2+LLV(LOW,9)/2)/2+(HHV(HIGH ,26 )/2+LLV(LOW,26)/2)/2),-26);
(that meas, to place the means of the upper and lower of the base zone
26 days ahead.)
Sorry, for the trouble.
The interpretation of "ichimoku" indicator:-
1 Timing(cycle) is more important than price.
2 The chart makes it easy to grasp the changes of the price-leve at
the critical timing date of cycle(9, 26, 52).
3 In normal bullish trend, the order of
price(26 days ago) < price(today) < price(26 days later)
is expected.
4 "Ichimoku" shows 'by one view' if the normal order is maintained.
If not, there is crossing over of some indicator.
(1) Easiest is to watch the previous span line crossing the
base-zone(this can be a buy or sell signal).
(2) If the future span is crossed, then that means the trend
reversal is definitive (the price is going down lower than not
only 26 days ago level but 52 days ago level). The position
against the new trend should be cleared.
(3) Base zone and Future span zone play the role of resistance or
support line.
(4) If something happen, it is on the cycle day of 26, 52, or 9
cycle. It should be watched if something is not happening on a
critical span day.
Regards,
Jiro Kato (paruparo@xxxxxxxxxxxxxxxxx)
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