What is Ichimoku Kinkō Hyō and what benefits do I get from the Ichimoku Cloud Download?
With the Download of the Ichimoku Indicator you get a must-have technical analysis indicator: Whether one is a pro or a novice – the Ichimoku Cloud is one of the best trend indicators for everyone trading with NinjaTrader 8.
Developed in Japan in the late 60's under the name“ Ichimoku Kinkō Hyō” which loosely translates to “one look equilibrium chart”, the indicator enables traders to easily spot support and resistance levels, as well as momentum and trend directions.
At first glance it might look more difficult to read than the standard plot, however after a short time most users can't go without NinjaTrader 8 Ichimoku Cloud.
Superior Ichimoku Cloud Indicator Download for our NinjaTrader App
Download the Ichimoku Indicator by Devside Trading for NinjaTrader 8 today! It is available in three packages with different features such as different alerts, markers and trend directions. The details to our Ichimoku Cloud indicator and features at a glance.
✅ Basic features
✅ Support & resistance levels
✅ Momentum & trend directions
✅ Adds plot to candlestick charts
✅ For futures, forex & equities trading
✅ Fitting experienced & new traders
✅ Fully compatible with NinjaTrader 8
✅ Premium features
✅ Arrow markers on trend change
✅ Trend signals for the following states: Up Trend = 1 and down trend = -1
✅ Sound Alerts: Set sound alerts for trend changes
✅ Email Alerts: Receive alerts via Mail for trend changes
✅ PopUp Alerts: Display alerts as popup window for trend changes
✅ Superior features
✅ Plot smoothing: Select from 1 of top 9 moving averages to smooth the Ichimoku Cloud plots
✅ Bar coloring: Enables bar coloring for down and up trends
✅ Cloud Displacement: setting for projecting the cloud into the future
Please note: Due to NinjaTrader limitations the data box does not show the values for the future plot of the cloud.
Even though the Ichimoku Indicator was intended for forex trading in the beginning, our indicator enables trading with futures and equities as well.
As part of their trading routines, traders spend a good amount of time on technical analysis of candlestick charts. NinjaTrader 8 Ichimoku Cloud helps speed the routine up by visualizing averages into a readable plot that also helps with forecasting.
More than a Line: The Ichimoku Chart
Different than other Ninja Trader indicators , the Ichimoku Kinkō Hyō shows you more than just one line. Within the Ichimoku Chart you find:
- Tenkan Sr
- Kijun Sr
- Senko Span A
- Senko Span B
- Chiko span
With the Download of Ichimoku Indicator you don't just get an indicator that shows trend directions and changes. This is what makes Ichimoku Kinkō Hyō so special: it gives you momentum indicators as well as trend strength! This means, Ichimoku Cloud is more than just a line: Traders can actually see resistance zones in the chart.
The Tenkan Sen is translated from Japanese as “conversion line”. This red-colored line in the Ichimoku Chart is calculated by averaging the sum of the highest high and the lowest low prices in the past 9 periods.
Translated as baseline, the Kijun Sen is calculated like the Tenkan Sen—but using the maximum high and low prices of the past 26 periods.
Senko Span A and Span B
Senkō – meaning “future” in Japanese – is divided into two spans, working as boundaries for the Ichimoku Cloud (Kumo): leading span A and leading span B.
Senkō Span A is calculated by using the average of Tenkan Sen and Kijun Sen values of the past 26 periods. The results of this average are then put 26 days ahead, functioning as a boundary.
For the calculation of Senkō Span B the highest high and lowest low of the past 52 days is averaged and put ahead 26 days as well. It marks the second boundary of the Kumo – the Ichimoku Cloud in the chart.
Chikō span, also known as the lagging span, is showing today's closing price projected back 26 days on the chart. This span indicates trade signals for buying or selling.
Devside Trading: Download the Ichimoku Indicator and more for NinjaTrader
To download the Ichimoku Indicator Cloud Superior and get all benefits such as alerts and trend changes, add the indicator to your cart. After providing the needed information at the check-out you can choose one of our various, safe payment methods. Next, we will send you a confirmation message via email with an activation code, so you can safely download the Ichimoku Cloud.
The Ichimoku Cloud Chart is often used in combination with the FREE Stochastic Momentum Index .
Need Help activating your purchased downloads or using Ichimoku Indicator in our App? Check out our helpful guide about activating your product ! Want more? We also have an exciting NinjaTrader App and e-mail share service . Of course your personal details will only be collected if you freely disclose them to us, eg while ordering an indicator, opening a membership account or subscribing to our newsletter.
Any questions left? Feel free to contact us using our contact form or you can chat with us directly!
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