Salimoku is a simplified Ichimoku without clouds. This indicator is best used for trend following strategy. The advantage here is the possibility to catch a trend at it very beginning and also get clear entry signals on already formed trends.
To enter a trade:
a buy signal is triggered when price crosses the decision line and closes above it.
a sell signal is triggered when price crosses the decision line and closes below it
In the scenario of trend already formed:
a buy signal is triggered when price bounces in between baseline and conversion line and closes above baseline.
a sell signal is triggered when price bounces in between baseline and conversion line and closes below baseline
Informacje o Wersji
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Salimoku is a simplified Ichimoku without clouds. This indicator is best used for trend following strategy. The advantage here is the possibility to catch a trend at it very beginning and also get clear entry signals on already formed trends.
To enter a trade:
]a buy signal is triggered when price crosses the decision line and closes above it.
a sell signal is triggered when price crosses the decision line and closes below it [/list
In the scenario of trend already formed:
a buy signal is triggered when price bounces in between decision and fast line and closes above fast line
a sell signal is triggered when price bounces in between decision and fast line and closes below fast line