Fukuiz Octa-EMA + Ichimoku (Strategy)

28 apr 2022

This strategy is based EMA of 8 different period and Ichimoku Cloud which works better in 1hr 4hr and daily time frame.

#A brief introduction to Ichimoku #
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.

#A brief introduction to EMA#
An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average ( SMA ), which applies an equal weight to all observations in the period.

#How to use#
The strategy will give entry points itself, you can monitor and take profit manually(recommended), or you can use the exit setup.

EMA (Color) = Bullish trend
EMA (Gray) = Bearish trend

#Condition#
Buy = All Ema (color) above the cloud.
SELL= All Ema turn to gray color.