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Ichimotor’s trending custom indicator combines Ichimoku Cloud and Alligator

  • Trend-tracking indicator
  • Does not redraw
  • No false alarms
  • Works on all timeframes
  • It is applicable for working with Forex pairs, indices and stocks

  • Show Indicator after Testing: the meter should display after the test, True/False
  • Sound an alert: Use sound alerts, True/False
  • Send an email: Send email notifications, True/False
  • Send a notification: Send push notifications, True/False

  • Signals are generated when Alligator and Ichimoku Cloud intersect
    • Thick green up arrows – buy
    • Thick red down arrows – for sale
  • Thick green up arrows – buy
  • Thick red down arrows – for sale

  • Check the trend using the intersection of Senkou Span A and Senkou Span B
    • Uptrend: Senkou Span A is above Senkou Span B
    • Downtrend: Senkou Span A is below Senkou Span B
  • Buy: when the green arrow appears in an uptrend
  • Sell: when the red arrow appears in a downtrend
  • Green arrows in a downtrend: ignore / do not perform actions
  • Red arrows in an uptrend: ignore / do not perform actions

[spoiler title=”Read More…”]

  • Uptrend: Senkou Span A is above Senkou Span B
  • Downtrend: Senkou Span A is below Senkou Span B

Take profit and stop loss

  • Take profit: profit should be fixed when
    • A green arrow appears in the Sell: position
    • In the Buy position: a red arrow appears
  • Stop loss:
    • For the Buy position: the red arrow appears
    • For the Sell position: green arrow appears
  • A green arrow appears in the Sell: position
  • In the Buy position: a red arrow appears
  • For the Buy position: the red arrow appears
  • For the Sell position: green arrow appears

Timeframe:

  • Works on all timeframes
  • Recommended timeframe for intraday trading: M1, M5
  • Recommended timeframe for position trading: H1, H4

Money management

  • If you receive losses, you can use Martingale

Attention

  • Do not trade when both the Senkou Span A and Senkou Span B lines are flat

[/spoiler]

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