[Nick1984]

From what I've heard the indicator works best on longer time frames mainly daily and weekly. The cloud is basically meant to be a "momentum" type indicator. If price is inside it then you have non trending conditions with the boundaries of the could being support and resistance.

In your chart price stays outside of the cloud most of the time. When the price is below the cloud the two levels form two different resistance levels and vice versa when price is above it.

I take it in your chart the purple line is your Chinkou line? Thats your signal line, if it crosses through the cloud from the bottom thats a long signal and vice versa. Works similar to a MACD or RSI style entry signal.

The Kijun is sort of a trend strength indicator but I'm not 100% sure of that.

Personally I think it's a very messy looking thing and I'd probabbly give myself cataracts looking at that all day. I don't know whether it is better in equities markets than in futures markets. If you're looking for a more "automated" entry signal than I guess that it could work because the rules for this indicator are quite easy to follow but some rigorous back testing to see its long term win/loss and estimated profits are.

Don't know if thats the type of response you're after but hope it helped.