fangs relative and ichimoku cycles, page-4

re the cycle periods...

The Ichimoku Kinko Hyo was developed by Goichi Hosoda, a Japanese newspaper writer, writing under the pen name "Ichimoku Sanjin." He developed this charting technique before World War II, and offered it to the public when he published his book in 1969.

Ichimoku translates as "a glance" or "one look." Kinko Hyo translates as "the table of equilibrium" or "balance table." Hence a chart displaying this indicator provides a broad look at the prices in a single view. You should be able to look at the chart and know at a glance whether to buy or sell.

Three key time periods are used to calculate the five individual plots used in the indicator. These times periods are based on the trading conditions at the time the indicator was created: Japan in the 1930's. At the time, a trading week was six days instead of the five days we are used to today. Some traders may wish to alter the time periods to reflect the change in trading days.

9 periods = one and a half weeks (now 7.5 periods. use 7 or 8)
26 periods = one month (now 22 periods)

52 periods = two months (now 44 periods)

The Ichimoku Kinko Hyo indicator is composed of the following five plots, in addition to the closing prices.

Tenkan-sen. The standard line. This plot provides signals when paired with the Kijun-sen. The default periods for this plot is 9. The calculation for this plot is (Highest High + Lowest Low)/2. The highest high is the highest high over the last specified number of time periods. By default, this is the highest high of the last 9 periods. The other highest highs and lowest lows are calculated the same way.

Kijun-sen. The turning line. This plot provides signals when paired with the Tenkan-sen. The default periods for this plot is 26. The calculation for this plot is also (Highest High + Lowest Low)/2. However, the values are taken from a 26 periods time frame instead of a 9 periods time frame.

Senkou Span A. The first span. This plot creates the Kumo (cloud) when paired with Senkou Span B. The default periods for this plot is 52. The calculation for this plot is (Tenkan-sen + Kijun-sen)/2.

Senkou Span B. The second span. This plot creates the Kumo (cloud) when paired with Senkou Span A. The default periods for this plot is 52. The calculation for this plot is (Highest High + Lowest Low)/2.

Chikou Span. The delayed line. This plot is simply the close plotted the desired number of time periods in the past. The default periods for this plot is 26. In this case, today's close would be plotted 26 days ago.

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The parameters for the Ichimoku Kinko Hyo indicator are shown below. These parameters are specified at the time the indicator is plotted. You can edit the parameters of an existing indicator by right-clicking on the indicator and choosing Properties from the shortcut menu.

Tenkan-sen period. Enter the number of time periods to use when calculating the Tenkan-sen. The term "time periods" refers to days if the chart contains daily data, weeks for weekly data, hours for hourly data, etc. The default value is 9.

Kijun-sen period. Enter the number of time periods to use when calculating the Kijun-sen. The term "time periods" refers to days if the chart contains daily data, weeks for weekly data, hours for hourly data, etc. The default value is 26.

Senkou span period. Enter the number of time periods to use when calculating the Senkou spans. The term "time periods" refers to days if the chart contains daily data, weeks for weekly data, hours for hourly data, etc. The default value is 52.

Chikou span period. Enter the number of time periods to use when calculating the Chikou span. The term "time periods" refers to days if the chart contains daily data, weeks for weekly data, hours for hourly data, etc. The default value is 26.

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here are the standard
and modified periods...to compare just out of curiosity

grrr first chart may not work..?