-

Cronex Taichi

Cronex Taichi indicator was developed as modification of well-known Ichimoku Kinko Hyo with some tweaks. Basic role of this forex tool is to detect and recognize the trend or the lack of the trend. Visually this indicator is very similar to Ichimoku but you can notice there is no trend. Taichi generates more clear signals for traders convenience.

It consists of four main lines:

  • The Taichi indicator (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

How to use Cronex Taichi? Trading rules.

Look for BUY signals 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 signals 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.

Taichi Indicator free download:

LINK

Previous article7Stealth Indicators
Next articleBarsInOC Range V02

New posts

Automatic Trendline MT4 Forex Indicator

The Automatic Trendline Indicator puts the trendlines on the trading chart in an automatic way. With the help of...

BBhisto MT4 Forex Indicator

The BBhisto is a modified version of Bollinger Bands indicator presented in the form of a histogram. It displays...

BBsqueeze MT4 Forex Indicator

The BBsqueeze is a forex trading indicator. It is displayed at the bottom of the main trading chart, in...

3-line MACD MT4 Forex Indicator

The 3-line MACD indicator adds a smoothing curve to the standard MACD indicator. You should notice that the crossovers of...

Looking for something?

Popular posts

Instant Buy Sell Signal

Instant Buy Sell Signal is profitable forex trading strategy that is really easy to use. It generate clear signals with arrows on charts. Below...

Xmaster Formula MT4 Forex Indicator

The Xmaster Formula Indicator was made for traders like you can become real master of forex. This wonderful tool is suitable to use for...

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...

Hyper EA Pro – profitable scalping robot

Hyper EA Pro is forex trading robot. It uses scalping strategy. EA place trades only during Asian session. Statistically it opens one trade per...

Forex Entry Point Indicator

Forex Entry Point indicator was designed to give traders best possible entry for their long and short trades.It displays pink and turquoise vertical lines...
InstaForex

You might also likeRELATED
Recommended for you