next »

[matter51]

Hi -

I am new to this but really have enjoyed learning about Ichimoko charts. My problem is that I can't seem to figure out how to scan for the indicators. I am not looking to set up any sort of automated trading program, I am just looking for a way to scan for stocks that I can analyze. The platforms that I have seen mentioned in other parts of the site are too pricey for me.

I know that stockcharts.com now has Ichimoku charts as an overlay, but they do not support scanning for the indicators.

Any help would be greatly appreciated.

Thank you!

matter51

[Amy]

Hi,

You can "translate" each component of IKH into moving average and scan for one or more condition (depends on your scanner).
e.g., Senkou A; since it is an average of tenkan sen and kijun sen - 9 and 26 on H/L respectively - you get a 17 moving average on mid price, offset by 26.
You can even take ma1 on close and offset it by -26 to get chikou span-like indicator, etc.
And on ma's you know how to tune your scanner, I hope..

[matter51]

Hi Amy -

Thanks for the reply. That sounds like it should work and I can certainly scan for MAs.

matter51

[ReboundMan]

Hi Matter51,

I use Stockcharts.com for all my charts and for identifying which "sectors" are the hottest or are becoming hot. Stockcharts.com has a "market carpet" capability that enables you to visually scan all the world's market sectors in a matter of a few minutes to determine which ones to "drill down" into. The sectors lead to sub-sectors which lead to industries which lead to companies.

After determining which sectors/industries are "hot", you could run a MA scan on the hot industries to pick-out the individual companies using Stockcharts.com's "Scan" engine. It's a very powerful site for a small amount of monthly money.

Hope this helps!

[Edmonds]

Reboundman
I use Stockfetcher to scan for stocks using Ichimoku charts. While Stockfetcher hasn't provided canned Ichimoku scanning per se, users themselves can write and publish their own scanning creations. If you search the forums for Ichimoku, you'll find that some bright people have programmed the Ichimoku chart layout. After learning the simple programming statements, I was able to create my own scans. The only thing that Stockfetcher doesn't have is the ability to show the leading Kumo. I've gotten around this by adding a line in my routine that adds a column in the filter results showing the difference between Senkou A and Senkou B. If the difference is negative then the leading Kumo is bearish and if positive the leading Kumo is bullish. Check it out. It's a paid subscription service but the price seems to be reasonable.
Let me know if you have any questions.
Edmonds

[sunman4008]

Hello,

I am working on publishing scans on the website at www.eiicapital.com.      We just released a Ichimoku Dashboard.   Next will be some Ichimoku Live trading signals based on some strategies and also some scans.

-Manesh