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TradeStation Applications: | Radar Screen |
| Market: | (All: Stock, Futures, Forex, Options) | |
| TimeFrame: | (Any: Minute, Daily, Weekly, Tick) | |
| Licence: | Lifetime Licence |
You might also be interested in: Ichimoku indicator for tradestaion.
The DIG Ichimoku Radar Screen is the Ultimate Ichimoku Tool. Our radar screen will help you trade just like the pros. You will never miss another Ichimoku Signal ever again..
The Radar is based on the Ichimoku Kinko Hyo. We highly recommend to use this radar screen together with our Ichimoku indicators (Ichimoku Lines and Ichimoku Clouds).
The radar screen consists of 3 columns:
C/C26
This column represents the location of the Delayed Line (Chinkou Span) relative to close price of 26 bars back. Green indicates that the Delayed Line (Chinkou Span) is above the close price 26 bars back, red indicates that it is below. The number inside the cell indicates how many bars ago did the Delayed Line (Chinkou Span) cross above or below the price action of 26 bars back. Notice that 26 is just the default value it can easily be changed.
MA Lines
This column represents the location of the fast average ( Turning Line / Tenkan-Sen ) relative to the slow average ( Standard Line / Kijun-Sen ). Green indicates that the Turing line is above the Standard line, red indicates that it is below. The number inside the cell indicates how many bars ago did the 2 lines cross each other.
C / Cloud
This column represents the location of the current close price relative to the current Ichomku Cloud. If the price is above the cloud the color of the cell is Green, if it is below the cloud the color is red and if the price is inside the cloud the color of the cell is yellow. The number inside the cell indicates the number of bars ago that the price crossed the cloud.
Example Yellow color with value 2 = 2 bars ago the price crossed into the cloud.
Example Red color with value 11 = 11 bars ago the price crossed under the cloud
Daily Stock Radar Screen. Notice how the colors in each column indicate the relative location.
Daily Stock Radar Screen
Notice that we sorted the rows according to the C / Cloud Column, this way you can see all of the stocks that just broke out of the Ichimoku Cloud, or broke in. You can use the other 2 columns to improve further improve your entries.
One way to improve the entries is by making sure that the MA Lines Columns is green when you go long, you can also make sure that the C / C26 is green indicating that the Delayed Line (Chinkou Span) is above the price action, meaning that a signification trend has begun. With this Radar, you will be able to drastically improve you Ichimoku Trading and join the pros. Be sure to get the Ichimoku Lines and Ichimoku Clouds indicator in order to have the full best view.
Please also see: Ichimoku indicator for tradestation.
- Get the full Ichimoku Picture of thousands of stocks in just one Glance
- Works on any time frame and any asset
- Easy to use colorful visual representation
- Cell values indicate the distance to the relevant event ( Delay Line Cross, MA Cross Over, Cloud Cross )
- Customizable inputs
2 comments
Alana Harsch says:
April 11, 2011 at 10:26 am (UTC 0 )
I love this Radar Screen, it help me a lot.
My question is – How to let Radar Screen access many more bars back?
Support says:
April 13, 2011 at 6:28 am (UTC 0 )
Dear Alana,
In order to allow the Radar Screen to access more bars back simply follow these steps:
Right click on the Ichimoku Radar Screen and go to Format (it should be the first one in the list), go to the General Tab, now in the middle of the screen there is a Check Box and the text next to it is “Load Additional data for accumulative calculations”. You need to check this check box, and underneath it in the text box of Additional bars to load: write the number of extra bars you need.
Remember that the more bars back you need the longer it will take the Radar Screen to load. Increase the number until you get the results you were looking for.