Description
Cronex Taichi Indicators for MT4
Automated trading is based on technical analysis and data from indicators. And this is actually an attempt to formalize a price behaviour in the past and to project this behaviour onto a probable price development in the future. And that is where the most interesting things start – the possibility of seeing exact entry and exit points is a dream of any trader.
Defining a flat zone and its end in an automated mode is also a very important task.
Perhaps the indicator Taichi will help you to detect the most important events on a chart not in the past, but at the moment of their appearance.
Wanted: Exact Entrance! Is it Trend?
From the large amount of existing indicators the most interesting for me seemed Ichimoku Kinko Hyo. The reason for this is quite simple – its workability that is proved by years. Still there is nothing ideal in this world, and the indicator itself was developed not for Forex.
Of course, Hosodo contributed greatly to trading. Moreover, all the indicator principles are actively used in the suggested variant of the indicator Taichi.
Actually the indicator Taichi is an evolutionary mutation of Ichimoku Kinko Hyo.
I suppose, I am not the only one who faced problems when interpreting Ichimoku values. Operation methods and setup parameters are described in the library of technical analysis Ichimoku Kinko Hyo, so I will not dwell on them in this article.
The main idea of the indicator Taichi is formalizing signals of Ichimoku Kinko Hyo and detecting a prospective flat/trend.
What do we need for a successful trading? The first thing is detecting an entrance point. Let us try to detect it using the indicator Taichi.
Principle and lines of the indicator:
Taichi – weighted average Tenkan+Kijun+SpanA+SpanB. The principle according to which these lines were combined are hard to explain technologically, it should be understood intuitively. Still it may be defined as an average value of market moods. Of course, this idea is not original, but it seems to be working.
TaichiFor – weighted average SpanA+SpanB with a shift Kijun. It is not hard to understand its meaning – it is an average of a cloud.
Signal – moving average with a period Kijun.
SSignal – moving average with a period Senkou.
Flat – paints over flat zones.
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