Ichimoku Cloud Settings for Tradingview

 

 

Getting started with my favourite indicator

I really enjoy using the ichimoku cloud which is also known as the ichimoku Kinko. It is a very powerful trading tool. I talk more about this strategy in my ichimoku for beginners trading guide.

Before you get started with learning how ichimoku works, I will show you how to set everything up in this guide. What the ichimoku cloud settings you need to use for tradingview. The crypto settings are a lot different than for the traditional ichimoku cloud that is used for stocks and options.

Crypto is 24/7 365/365 – in other words we never sleep. That is why we need to account for that in the settings since crypto has a faster pace than traditional stocks.

 

Tradingview is a powerful free tool with loads of indicators.  You can signup for a free account here. For beginners the free account is enough. However, if you want more advanced options and more alerts, then you can also try the premium version for one month for free.

Here is a beginners guide to tradingview

 

So without further ado, let’s begin with the crypto ichimoku cloud settings:

Tradingview Ichimoku Settings

Log in to tradingview with your account

Click on “Indicators”

Search for Ichimoku cloud

These are my personalized settings, which have worked for me well. Since I only perform technical analysis on cryptocurrency pairs, I have adjusted the input variables to reflect a 24/7 market.

  • Conversion line 20
  • Base line periods 60
  • Lagging Span 2 periods 120
  • displacement 30

 

The following settings are only based on my preferences. This does not influence the calculations of the cloud.

Terminology English/Japanese

  • Conversion Line = Tenkan-sen
  • Base Line =  Kijun-sen
  • Lagging Span  = Chikou Span
  • Lead 1 = Sekkou Span A
  • Lead 2 = Sekkou Span B
  • Plots Background Color 0 = Bullish Cloud Blue
  • Plots Background Color 1 = Bearish Cloud red
  • Displacement = Chikou Span/ +SenkouSpan A

 

Wait! There is more…

Are you interested in learning more about the ichimoku trading strategy? Yes? Then this collection of posts is for you.

 

Have a great day!

 

7 Responses

  1. hitara says:

    thanks for your help .
    need more clarity what is conversion line ,base line ,lagging span and displacement, because with ichimoku they are named with japanese name.
    i do not know which one is base line or conversion line ,lagging span and displacement.

    • xtarsy says:

      Hi Hitara,
      thanks for pointing out that it wasn’t clear. I added the terminology between the both to make it easier to understand.

      Conversion Line = Tenkan-sen
      Base Line =  Kijun-sen
      Lagging Span  = Chikou Span
      Lead 1 = Sekkou Span A
      Lead 2 = Sekkou Span B
      Plots Background Color 0 = Bullish Cloud Blue
      Plots Background Color 1 = Bearish Cloud red
      Displacement = Chikou Span/ +SenkouSpan A
      Have a great day

  2. autob says:

    Good evening. Thanks for this info! Excellent article.

  3. options says:

    Awesome post.

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