{"id":5884,"date":"2020-10-16T18:45:48","date_gmt":"2020-10-16T15:45:48","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=5884"},"modified":"2026-05-26T10:56:00","modified_gmt":"2026-05-26T07:56:00","slug":"trading-with-ichimoku-and-awesome-oscillator","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2020\/10\/16\/trading-with-ichimoku-and-awesome-oscillator\/","title":{"rendered":"Trading with Ichimoku and Awesome Oscillator"},"content":{"rendered":"\n

Almost any trading strategy<\/a> suggests using several indicators<\/a> for finding market entry signals<\/a>. In most cases, if a trend indicator is used, we supplement it with an oscillator to confirm the first signal and show the direction of the general trend.<\/p>\n\n\n\n

Our strategy uses the Ichimoku<\/a> <\/strong>and Awesome Oscillator<\/a><\/strong> indicators. Ichimoku Kinko Hyo is an excellent trend indicator that perfectly shows the current market trend. Awesome Oscillator demonstrates the deviation of the price from the average value. It is quite similar to the MACD indicator<\/a> that demonstrates the divergence<\/a> of the price chart and the indicator chart.<\/p>\n\n\n\n

The strategy will give signals<\/a> at trend reversals. According to authors and traders, such signals can be found on any currency pairs<\/a>, which means the strategy suits both majors and less popular pairs. For market entry, we use H1, but longer timeframes <\/a>are also worth trying.<\/p>\n\n\n\n

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<\/span>Setting up the strategy Ichimoku + Awesome<\/span><\/h2>\n\n\n\n

As I said above, the strategy requires the use of two indicators only, which makes it suitable even for traders with minimum expertise. So, we need to add two indicators with standard parameters to the chart:<\/p>\n\n\n\n

Ichimoku Kinko Hyo<\/strong>. As we have figured out, it shows the actual market trend. Normally, if the prices rest above the Ichimoku Cloud, the trend is bullish (ascending). Conversely, if the price has broken the Cloud away and turned out under it, the trend on the chart is descending. Also, the price may trade inside the Cloud, in which situation, traders speak of a flat and wait for the price to escape the Cloud to catch the beginning of a new wave.<\/p>\n\n\n\n

\"Ichimoku<\/a>
Ichimoku Kinko Hyo<\/figcaption><\/figure>\n\n\n\n
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How to Use Ichimoku Kinko Hyo: Ultimate Guide<\/a><\/blockquote>