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Bullish Ichimoku Easyscan Rate this Topic:
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edeering
Posted : Tuesday, October 18, 2011 12:27:58 AM
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Joined: 4/14/2010
Posts: 12
Hi. I just finished watching the Ichimoku training webinar which I thought was really good. I have also been using the pre built Ichimoku chart in TC2000 v12. I needed help with creating the conditions necessary for an easyscan that identifies stocks/ETFs that turn Bullish. I would mainly use it in the Daily timeframe but would like the flexibility to switch to hourly, weekly, and monthly.

I wanted to setup the following conditions for Bullish patterns:
  1. Today's Stock price is above the Kumo cloud
  2. The Conversion line is above the Base Line
  3. Today's Stock Price is above the Conversion Line
  4. The Lagging Span is above the Stock Price from 26 periods prior
  5. The Leading Span A is above the Leading Span B


I would like to have these conditions set up so that I could modify the settings of each as needed (like what was talked about in the "
EasyScan Design for Breakouts and Bouncers" video as far as controlling the sensitivity of a scan).

If possible, I also wanted to have these conditions appear as watchlist columns that would show up with a checkmark if they were true.

Please let me know if this is possible. Thanks.

Bruce_L
Posted : Tuesday, October 18, 2011 9:59:18 AM


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Joined: 10/7/2004
Posts: 65,138
If you are using TC2000 version 12, I wouldn't use Condition Formulas to do any of these things. Just click on the indicator of interest and select Create Condition. Then use the Condition drop-down menu to choose the desired Condition.

Indicators, Sorting & Scanning

It is normally easier to do than creating a Condition Formula and the resulting Conditions calculate more quickly using less resources while being more likely to match the chart.

That said, it is possible to create Condition Formulas for Ichimoku charts:

Build the Ichimoku-Indicator
Ichimoku Cloud
Ichimoku Realcode Condition Help
ICHIMOKU CLOUD
Ichimoku Clouds
TC2000/11 Kumo breakout PCF

QUOTE (edeering)
Today's Stock price is above the Kumo cloud

C > (MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 AND C > (MAXH52.26 + MINL52.26) / 2

QUOTE (edeering)
The Conversion line is above the Base Line

(MAXH9 + MINL9) / 2 > (MAXH26 + MINL26) / 2

QUOTE (edeering)
Today's Stock Price is above the Conversion Line

C > (MAXH9 + MINL9) / 2

QUOTE (edeering)
The Lagging Span is above the Stock Price from 26 periods prior

C > C26

QUOTE (edeering)
The Leading Span A is above the Leading Span B

(MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 > (MAXH52.26 + MINL52.26) / 2

-Bruce
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edeering
Posted : Monday, October 24, 2011 9:37:23 AM
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Posts: 12
Great. Thanks! Can I use these formulas for any timeframes (i.e. weekly and monthly)?
Bruce_L
Posted : Monday, October 24, 2011 9:43:13 AM


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You can in TC2000 version 12. There is a Time Frame drop-down menu available whenever you create or edit a Condition Formula. You can use this menu to set the Time Frame as desired.

-Bruce
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edeering
Posted : Monday, October 24, 2011 10:42:58 AM
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Posts: 12
Great. Thanks.
dgarbinski
Posted : Tuesday, October 23, 2012 9:09:08 PM
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Joined: 10/3/2012
Posts: 1

what would be the code for leading span a below leading span b. I used this code but it does not work

(MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 < (MAXH52.26 + MINL52.26) / 2

StockGuy
Posted : Tuesday, October 23, 2012 9:50:33 PM

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QUOTE (dgarbinski)
what would be the code for leading span a below leading span b. I used this code but it does not work

(MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 < (MAXH52.26 + MINL52.26) / 2

That formula should work fine. I tested it using a Custom PCF % True indicator and it worked correctly in all time frames.

dralph12
Posted : Friday, June 28, 2013 7:28:35 PM
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Joined: 11/26/2012
Posts: 5

 

Hi Im new at this but at the top of the page in the opening remake edeering talks about the Ichimoku training webinar.

How would I view that webinar?

StockGuy
Posted : Monday, July 1, 2013 12:52:53 PM

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It is available on the webinar archive page at http://www.worden.com/webinars/archive.

Trading with Ichimoku Clouds

 

chris_f
Posted : Sunday, July 14, 2013 1:48:36 PM
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Joined: 3/30/2009
Posts: 5

Bruce,

RE creating scans using the TC200 v 12.3 for the Ichimoku cloud charts

  • When creating scan conditions from the Ichimoku indicator dropdown, is the span A& B referencing today&rsquo;s data or the cloud data 26 periods into the future? It does not appear to be when I used it in a scan.  The scan produced results where toda's spans were bullish; however the cloud was bearish.
  • There are no options for the lagging span in the drop down.  So the above formula (Tuesday, October 18, 2011 for the lagging span will work?

THX!!

Chris

Bruce_L
Posted : Monday, July 15, 2013 8:11:06 AM


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Joined: 10/7/2004
Posts: 65,138

Clicking on an indicator and selecting Create Scan Condition only works for the current bar. It does not work for bars in the past or bars in the future. So lagging span does not show up because it does not have a current value and the values for the cloud are the values plotted for the current bar and not for future bars.

The formulas given in my Tuesday, October 18, 2011 9:59:18 AM ET post are also all for the current bar with the exception of the Lagging Span formula which notes this in its description.

You could get the results for the leading span at the point furthest in the future by eliminating all six instances of .26 in the formula.



-Bruce
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chris_f
Posted : Monday, July 15, 2013 4:54:02 PM
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Joined: 3/30/2009
Posts: 5

Bruce,

THX!

Chris

diceman
Posted : Friday, February 21, 2014 10:46:51 AM
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Joined: 1/28/2005
Posts: 6,049

Id like 9 PCFs.

 

Lagging Span is above the Cloud.

Lagging Span has just crossed above the Cloud today.

Price close is above the Cloud.

Price close has crossed above the Cloud today.

Price close has crossed above the Cloud and stayed above for 3 bars. ( C3 was below the cloud)

Span A has crossed above Span B today.

Span A is above Span B.

Tenkansen has crossed above Kijunsen today.

Tenkansen is above Kijunsen.

 

Thanks

 

Bruce_L
Posted : Friday, February 21, 2014 6:10:25 PM


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Joined: 10/7/2004
Posts: 65,138

QUOTE (diceman)
Lagging Span is above the Cloud.

C > (MAXH9.52 + MINL9.52 + MAXH26.52 + MINL26.52) / 4 AND C > (MAXH52.52 + MINL52.52) / 2

QUOTE (diceman)
Lagging Span has just crossed above the Cloud today.

C > (MAXH9.52 + MINL9.52 + MAXH26.52 + MINL26.52) / 4 AND C > (MAXH52.52 + MINL52.52) / 2 AND (C1 <= (MAXH9.53 + MINL9.53 + MAXH26.53 + MINL26.53) / 4 OR C1 <= (MAXH52.53 + MINL52.53) / 2)

QUOTE (diceman)
Price close is above the Cloud.

C > (MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 AND C > (MAXH52.26 + MINL52.26) / 2

QUOTE (diceman)
Price close has crossed above the Cloud today.

C > (MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 AND C > (MAXH52.26 + MINL52.26) / 2 AND (C1 <= (MAXH9.27 + MINL9.27 + MAXH26.27 + MINL26.27) / 4 OR C1 <= (MAXH52.27 + MINL52.27) / 2)

QUOTE (diceman)
Price close has crossed above the Cloud and stayed above for 3 bars. ( C3 was below the cloud)

C > (MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 AND C > (MAXH52.26 + MINL52.26) / 2 AND C1 > (MAXH9.27 + MINL9.27 + MAXH26.27 + MINL26.27) / 4 AND C1 > (MAXH52.27 + MINL52.27) / 2 AND C2 > (MAXH9.28 + MINL9.28 + MAXH26.28 + MINL26.28) / 4 AND C2 > (MAXH52.28 + MINL52.28) / 2 AND (C3 < (MAXH9.29 + MINL9.29 + MAXH26.29 + MINL26.29) / 4 OR C3 < (MAXH52.29 + MINL52.29) / 2)

QUOTE (diceman)
Span A has crossed above Span B today.

I do not know if you mean where it is plotted for the current bar:

(MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 > (MAXH52.26 + MINL52.26) / 2 AND (MAXH9.27 + MINL9.27 + MAXH26.27 + MINL26.27) / 4 <= (MAXH52.27 + MINL52.27) / 2

Or where it is plotted at the furthest point to the right:

(MAXH9 + MINL9 + MAXH26 + MINL26) / 4 > (MAXH52 + MINL52) / 2 AND (MAXH9.1 + MINL9.1 + MAXH26.1 + MINL26.1) / 4 <= (MAXH52.1 + MINL52.1) / 2

QUOTE (diceman)
Span A is above Span B.

I do not know if you mean where it is plotted for the current bar:

(MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4 > (MAXH52.26 + MINL52.26) / 2

Or where it is plotted at the furthest point to the right:

(MAXH9 + MINL9 + MAXH26 + MINL26) / 4 > (MAXH52 + MINL52) / 2

QUOTE (diceman)
Tenkansen has crossed above Kijunsen today.

(MAXH9 + MINL9) / 2 > (MAXH26 + MINL26) / 2 AND (MAXH9.1 + MINL9.1) / 2 <= (MAXH26.1 + MINL26.1) / 2

QUOTE (diceman)
Tenkansen is above Kijunsen.

(MAXH9 + MINL9) / 2 > (MAXH26 + MINL26) / 2



-Bruce
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diceman
Posted : Monday, June 15, 2015 3:27:27 PM
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Joined: 1/28/2005
Posts: 6,049

Bruce looking at the first PCF above

it goes positive on about 3-20-15 for IBM daily.

 

I would think approx 2-10-15 it would go positive???

 

 

 

Thanks

 

 
diceman
Posted : Monday, June 15, 2015 3:29:48 PM
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Joined: 1/28/2005
Posts: 6,049

The 2-21-14 post.

 

Bruce_L
Posted : Monday, June 15, 2015 3:35:35 PM


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You might think so when plotting a Custom PCF % True Indicator on the chart and then comparing it to the plots, but the chart is misleading. You can ask yourself a question to figure out why.

Q: How far was Lagging Span actually plotted on March 20, 2015?

A: Lagging Span was only plotted as far as February 11, 2015 on March 20, 2015.



-Bruce
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diceman
Posted : Monday, June 15, 2015 3:56:28 PM
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Joined: 1/28/2005
Posts: 6,049


As a "non-cloud guy"  thats pretty funny!

 

 

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