Forex Indicators Cronex Taichi

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

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