IchiMoku KinKo Hyo - Goichi Hosoda 1968

Application in tradestation

[sneo]

The code posted is the version of span using just lines. Their solution of plotting this with "High" "Low" to imitate the shading has a little problem. If plotting the 2 lines as "High" "Low", your OHLC chart as Bar Chart will appear erroreous. This solution means you can only apply "High" "Low" plot to your OHLC chart as Candle Charts.

As I prefer to have the liberty of switching from Bar to Candle and back without any weird appearance of my charts, I find this solution incomplete and hence, did not apply it to the posted eld.

You can still use the code posted, that will still be the solution of having the Spans as Lines rather than having the cloud shaded.

[Takysie]

Hello

I can not answer any questions about the Ichimoku indicator, but here is a site that has some good info,
Main Page - IchiWiki - The Definitive Reference to the Ichimoku Kinko Hyo Charting System

Successful trading!

[aaa]

ThanX Takysie for this very interesting site

[Fredd]

After some months of browsing the web for a correct working ichimoku indicator for TS I still haven't found it. The problem of the Ichi indicator in this thread is the plotting of the cloud, it cannot be shifted forward as it should be. This is because of the way it paints the cloud with trendlines. According to Sneo the forward shifting of the cloud creates problems when switching views from candles to bars in the charts. The combination of a painted cloud and forwarded shifted seems to be impossible the way this indicator is programmed.
Thanks in advance. Fredd

[Moyyim]

This is the ichi indicator I have....not sure if its any good..the same as yours and/or with the same problems.


Input:Tenkan(9),Kijun(26) ,Chikou(26),SenkouA(26),S enkouB(52);
Var:TS(0),KS(0),CS(0),SA( 0),SB(0);

Value1 = Highest(H,Tenkan);
Value2 = Lowest(L,Tenkan);

TS = ( Value1 + Value2 ) /2;

Value3 = Highest ( H, Kijun);
Value4 = Lowest (L, Kijun);

KS = ( Value3 + Value4 ) / 2;

SA = ( TS + KS ) / 2;

Value5 = Highest( H , SenkouB);
Value6 = Lowest ( L , SenkouB);

SB = (Value5 + Value6) / 2;


Plot1(TS,"TS");
Plot2(KS,"KS");
Plot3[Chikou](C,"CS");
Plot4[-SenkouA](SA,"SA");
Plot5[-SenkouB/2](SB,"SB");
Plot6[-SenkouA](SA,"SAC");
Plot7[-SenkouB/2](SB,"SBC");

if SA > SB then
begin
SetPlotColor[-SenkouA]( 6, darkgreen ) ;
SetPlotColor[-SenkouB/2]( 7, darkgreen ) ;
end
else
begin
SetPlotColor[-SenkouA]( 6, darkmagenta ) ;
SetPlotColor[-SenkouB/2]( 7, darkmagenta ) ;
end ;

[Fredd]

Hi Moyyim,

Thanks for sharing this code with us. Your indicator is constructed differently, and probably this code can solve the problem of the other ichimoku indicator. Using your code I couldn't get the cloud be painted, but this is probably due to a specific line formatting. By default all lines are set as normal lines, but I think the cloud must be set differently. Could you tell me how the SAB and the SBC lines are formatted as in your own picture showing the indicator? Thanks again Moyyim.

I have included your indicator in ELD format for our TS and MC friends.

Fredd

[Moyyim]

Fredd

The format I have is:

Style
SAC - Bar High - dashed line - lowest weight
SBC - Bar Low - dashed line - lowest weight


Scaling
Same axis as underlying data


Format Window
Space to right 30 bars

Incidentally, I just switched a chart from bar > candle and the cloud isnt right, so doesn't look as if this indi will solve your problem of being able to switch between chart types?....sorry.

Cheers

[Fredd]

May I ask one of our EL gifted TL members a bit of his or her precious time to help us solving this problem? It seems close to impossible having the combination of candlesticks and a painted cloud forward shifted in time in the ichimoku indicators here in this thread. I understand I am asking a lot of you to solve this problem and I understand if you cannot spend time on this, but maybe .... I have attached a picture of it to help you: candles and a forward shifted painted cloud.

Thank you in advance.
Fredd