Cronex Taichi Indicator

Platform: MT4 Type: Trend

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Last update: September 29, 2024

The Cronex Taichi Indicator was developed as an alternative to popular Ichimoku Kinko Hyo. It has some tweaks that bring less noise and confusion. Its main goal is is detect and recognize the trend or lack of the trend. It’s designed to provide clean entry points for traders convenience.

The anatomy

This tool consists of four main lines:

• Taichi (Gray colored line) is the weighted moving average of the Tenkan, Kijun, Span A and Span B values.
• TaichiFor (Orange colored line) is the weighted moving average of Span A and Span B and shifted forward based on the Kijun value, which is 9.
• Signal line 1 (Red colored line) is the moving average of the Kijun
• Signal line 2 (Green colored line) is the moving average of the Senko

Trading rules for cronex taichi

Look for BUY opportunity when:

• The current candle is higher than Taichi (gray).
• The Taichi (gray) is above TaichiFor (orange).
• The Red Signal line is above Green Signal line.

Look for SELL opportunity when:

• The current candle is lower than Taichi (gray).
• The Taichi (gray) is below TaichiFor (orange).
• The Red Signal line is below Green Signal line.

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