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cTrader Ichimoku Cloud Radar


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cTrader Ichimoku Cloud Radar

The cTrader multi-timeframe radar screen is based on the Ichimoku Kinko Hyo. We highly recommend using this radar screen to help you enter or exit trades. This indicator will show you 8 different configurable timeframes which provide a global view of the market conditions.
(OS) Type: Windows & Mac OS Compatible
Current version: 1.0.0
Updated: Wednesday, 14 April 2021

cTrader Indicator
£0.00 Incl. VAT.
cTrader Software


Full source code - contact for quote.




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Educational content: Read our disclaimer

Ichimoku is a technical or chart indicator that is also a trend trading system in and of itself. The creator of the indicator, Goichi Hosada, introduced Ichimoku as a “one glance” indicator so that in a few seconds you are able to determine whether a tradable trend is present or if you should wait for a better set-up on a specific pair.

The Ichimoku signals, indeed all Ichimoku elements, should never be taken in isolation but considered in the context of the overall chart.  Ichimoku Kinko Hyo is a visual technical analysis system and the charts are designed to be considered in their entirety, with regard given to the relationships between all of the elements, including the price.  As such, Ichimoku is not suitable for automated or "single event" decision making.

 

 Why is this Indicator So Special?

 

This indicator will show you 8 different configurable timeframes which provide a global view of the market conditions. 

 

 ctrader-Ichimoku--indicator-radar 

DN = Bearish, NT = Neutral, UP = Bullish

 

Ichimoku indicator description

  1. Tenkan Sen - a moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days.
  2. Kijun Sen - a moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
  3. Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
  4. Senkou Span B - the average of the highest high and lowest low over the last 52 days, plotted 26 days ahead. (Highest high + Lowest low) / 2 over the last 52 trading days plotted 26 days ahead.
  5. Chikou Span - the closing price plotted 26 days behind.

 

  Ichimoku-Kinko-Hyo-indicator-cTrader

 

 

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 5 minutes

 

cTrader Ichimoku Cloud Indicator

 

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

 

Join Telegram Community

You can join a Telegram community and chat with other traders to discuss, share and ask for help.