DIG Ichimoku Radar Screen
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.
The radar screen is based on the Ichimoku Kinko Hyo. We highly recommend using this radar screen with our Predictive Ichimoku indicator (Ichimoku Lines and Ichimoku Clouds).
The radar screen consists of 3 columns:
This column represents the location of the delayed line (Chinkou Span) relative to the close price 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 the delayed line (Chinkou Span) crossed above or below the price action of 26 bars back. Note that 26 is the default value; it can easily be changed.
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 turning line is above the standard line; red indicates that it is below. The number inside the cell indicates how many bars ago the two lines crossed 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: A yellow cell with a value of 2 = 2 bars ago that the price crossed into the cloud.
Example: A red cell with a value of 11 = 11 bars ago that the price crossed under the cloud.
Daily Stock Radar Screen: Note that the colors in each column indicate the relative location.
Daily Stock Radar Screen
We sorted the rows according to the C/Cloud column; this way, you can see all the stocks that just broke out of the Ichimoku cloud, or broke in. You can use the other two columns to further improve your entries.
One way to improve your entries is to make sure that the MA Lines column 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 significant trend has begun. With this radar, you will be able to drastically improve your Ichimoku trading and join the pros. Be sure to use the Ichimoku lines and Ichimoku clouds indicator to have the fullest and best view.
- 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.