Wednesday, 25 November 2015

Valid Tenken Sen Cross Signal on MCX Crude., by using Ichimoku Cloud by using NinjaTrader on 18.06.15 – Part 1



Tenken Sen – Introduction :

Tenkan Sen (red line) This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods. The Tenkan Sen is an indicator of the market trend. If the red line is moving up or down, it indicates that the MARKET is trending. If it moves horizontally, it signals that the MARKET is ranging.

Below Chart Illustration on MCX Crude Oil move on 18.06.19

Arrow mark mention the Tenken Sen cross below the Kijun Sen.,So valid Short Signal along with Cross over below Kumo is a strong indication of the current trend.