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Aditya's posts with tag: candle stick

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Blog EntryIchimoku & Candle stick analysisJan 29, '08 8:27 PM
for everyone
Hasil screening beberapa saham dengan menggunakan ichimoku & Buy pattern candle stick

(click untuk memperbesar gambar)

Ichimoku rules:





Here is the chart
BHIT


BLTA
 
BTEL


CMNP


ENRG


INCO
 
TRUB


RMBA


INTP



Ichimoku Kinko Hyo: Overview
The Ichimoku Kinko Hyo indicator was developed by Goichi Hosoda, a Japanese newspaper writer, writing under the pen name "Ichimoku Sanjin." He developed this charting technique before World War II, and offered it to the public when he published his book in 1969.
Ichimoku translates as "a glance" or "one look." Kinko Hyo translates as "the table of equilibrium" or "balance table." Hence a chart displaying this indicator provides a broad look at the prices in a single view. You should be able to look at the chart and know at a glance whether to buy or sell.
Three key time periods are used to calculate the five individual plots used in the indicator. These times periods are based on the trading conditions at the time the indicator was created: Japan in the 1930's. At the time, a trading week was six days instead of the five days we are used to today. Some traders may wish to alter the time periods to reflect the change in trading days.
9 periods = one and a half weeks (now 7.5 periods. use 7 or 8)
26 periods = one month (now 22 periods)
52 periods = two months (now 44 periods)
The Ichimoku Kinko Hyo indicator is composed of the following five plots, in addition to the closing prices.
Tenkan-sen. The standard line. This plot provides signals when paired with the Kijun-sen. The default periods for this plot is 9. The calculation for this plot is (Highest High + Lowest Low)/2. The highest high is the highest high over the last specified number of time periods. By default, this is the highest high of the last 9 periods. The other highest highs and lowest lows are calculated the same way.
Kijun-sen. The turning line. This plot provides signals when paired with the Tenkan-sen. The default periods for this plot is 26. The calculation for this plot is also (Highest High + Lowest Low)/2. However, the values are taken from a 26-period time frame instead of a 9-period time frame.
Senkou Span A. The first span. This plot creates the Kumo (cloud) when paired with Senkou Span B. The default periods for this plot is 52. The calculation for this plot is (Tenkan-sen + Kijun-sen)/2.
Senkou Span B. The second span. This plot creates the Kumo (cloud) when paired with Senkou Span A. The default periods for this plot is 52. The calculation for this plot is (Highest High + Lowest Low)/2.
Chikou Span. The delayed line. This plot is simply the close plotted the desired number of time periods in the past. The default periods for this plot is 26. In this case, today's close would be plotted 26 days ago.
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