KishokuMaster KishokuMaster is a very simple indicator designed to provide an immediate representation of the ‘mood’ of the market. It provides an optimal balance of lag and smoothing to help traders establish a Bullish or Bearish bias. The underlying logic is based on Alan Hull's weighting techniques.
The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets such as crypto, forex or stocks. It can be used as a standalone indicator, or to provide confluence when assessing TrendMaster entry opportunities.
Setting Up The Indicator KishokuMaster can be used with either regular Japanese candlesticks or Heikin-Ashi candlesticks. Using Heikin-Ashi decreases the likelihood of whipsaw losses and provides a more stable visual representation of the trend. You can customise to any theme of your choice provided the candle borders and wicks are set to a uniform colour that contrasts the chart background.
Candle Colours By default, KishokuMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed. Black candles indicate a downtrend, they will remain black until a trend reversal occurs.
Our Story Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses.
IchimokuScholar IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders.
C00kie I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
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- Added alerts for a switch from black to white and white to black.
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- Updated screenshot to Heikin Ashi.
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Added option to use the real close when plotting on HA
Added alert for when KM turns (regardless of which direction)