Ichimoku Kinko Hyo

Technical analysis tool, which allows you to determine support and resistance, set the trend, measure the moment and create trading signals.

View of indicator on the chart:

Calculation:

Graphical display of the Ichimoku indicator consists of five parts.

1. Tenkan-sen line coup. The value at time period (t) is calculated according to the following formula:

where max (Hi) -  maximum value of the price in the past (i) periods

min (Li) -  minimum value of the price in the past (i) periods.

In fact Tenkan-sen in time period (t) is the midpoint of the price range for the past (i) periods.

2. Kijun-sen - the base line. The value at time period (t) is calculated by the formula:

where max (Hk) - maximum price value for the last (k) periods

min (Lk) - minimum value of prices for the last (k) periods.

In fact, Kijun-sen in time period (t) is the midpoint of the price range for the last (k) periods.

3. Senkou Span A. The value at time period (t) is calculated by the formula:

This line runs halfway between the lines Tenkan-sen and Kijun-sen, however on graph it shifts (m) periods ahead. Senkou Span A line forms the so-called fast border of Ishimoku cloud.

4. Senkou Span B. The value at time period (t) is calculated by the formula:

where max (Hn) - maximum price value during the last (n) periods

min (Ln) - minimum price value during the last (n) periods.

Senkou Span B line also moves on (m) periods forward and produces a so-called slow border of Ishimoku cloud.

5. Chikou Span . Represents the closing price, shifted to (m) periods back.

To add and configure the indicator, you must open the settings window.

Drawing

Panel - select the location of indicator on graph:

• New panel

• Chart

Chikou Span

Show value - display the value of the indicator on price scale.

Show zero values- display zero values.

Scale - if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph.

Visual type - visual adjustment of the indicator on the graph:

• Line

• Histogram

• Hash

• Block

• Cross

• Square

• Dots

• Up arrow

• Down arrow

• Axis label

• Hide

Line style - customize the appearance of the line:

• Dot

• Solid

• Dash

• Dash - dot

• Dash - dot - dot

Width - adjust the thickness of the indicator line.

For Down Kumo, Kijun-sen, Tenkan-sen and Up Kumo lines settings are the same.

Senkou Span

Visible - enable/disable background display.

Scale- if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph..

Color

Misc

Show description of indicator

Settings

Kijun-sen/Base line - setting the period of the indicator s baseline.

Senkou Span B - setting the period Senkou Span B indicator.

Tenkan-sen/Coup line - setting the period of line coup of indicator.