Getting started with my favorite indicator
I like to use the Ichimoku cloud, also known as Ichimoku kinko. It is a very powerful trading instrument. I report more about this strategy in my Ichimoku for Beginners Trading Guide.
Before you start learning how Ichimoku works, I’ll show you how to set everything up in this guide. Which Ichimoku cloud settings you need for the trading view. The crypto settings are very different from the traditional Ichimoku cloud used for stocks and options.
Crypto is 24/7 365/365 – in other words, we never sleep. So we have to take that into account in the settings, because crypto has a higher speed than traditional stocks.
Tradingview is a powerful free tool with many indicators. You can sign up for a free account here. For beginners the free account is enough. However, if you want advanced options and more notifications, you can also try the premium version for one month for free.
Here is a beginner’s guide to the trading view.
So let’s start with the Krypto-Ichimoku cloud settings straight away:
Trading view Ichimoku settings
Log in with your account in the trading view.
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.
- 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.
- Advanced Ichimoku Cloud Settings for Tradingview
- Beginners Guide to Ichimoku Trading for Crypto 101
- 4 Ichimoku Trading Rules – Bulls live in the North and Bears live in the South
Have a great day!