A Strategy Based on the Ichimoku Study
Thinkorswim Strategy Ichimoku
See exactly how the Ichimoku indicator performs across bear and bull markets. This Thinkorswim custom strategy plots the profit and loss graph for several Ichimoku based setups. Cloud breakouts, or cloud breakdowns, trend continuation, with and without confirming signals. It’s all covered in one package. Track long and short strategies on the same chart. Exits are handled via an adjustable Parabolic SAR. This custom strategy code is provided free of charge. Just look for and click the link embedded within the video to download. Easy to follow instructions are included showing you how to import this custom strategy directly into your Thinkorswim platform.
Link to strategy file: Strat_IchimokuSTRATEGY.ts
Before viewing this video, make sure you have good understanding of Thinkorswim strategies. View this video to get up to speed before proceeding: TOS Strategy Guide
If you are not familiar with the Ichimoku indicator, be sure to check out this video to get up to speed: TOS Scan Ichimoku
For Advanced Users Only:
Take this knowledge to the next level and learn how to automate your trades on Thinkorswim
Thinkorswim Automated Round-Trip Trades
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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Is it possible to convert this strategy into a custom column for buy sell entries ?
Yes, I suppose that would be feasible. There are a lot of different signals available based on what can be adjusted in the user inputs. It would take quite an effort to configure the watchlist column to display each of the available signals. If you look at the scan version of this strategy you will find there are a total of 8 different signals which can be displayed.
hello. in my studies, i dont have the parabolic SAR and the floating PL. how can i get that in the studies.
Also, when i look at the chart, i am confused where the buy and sell parts are. can you please pinpoint me?
Thank you,
Chris
The video on this page is one of our most advanced. I suggest you start at the beginning and all of your questions will be answered. That starting point is the first video in the menu shown on the left-hand sidebar of this page. “TOS Strategy Guide”. Here is a direct link to that video in case you have difficulty navigating this website:
https://www.hahn-tech.com/thinkorswim-strategy-guide/
After you get through that first video you should have a better understanding of how to work with chart strategies.