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Ichimoku Kinko Hyo: Indicator Documentation

Syntax


DataSeries SenkouSpanA (Bars bars)
DataSeries SenkouSpanB (Bars bars)
DataSeries TenkanSen(Bars bars)
DataSeries KijunSen(Bars bars)

Parameter Description

Bars bars  The Bars object

Description

Ichimoku Kinko Hyo is a Japanese technical indicator used to gauge momentum along with areas of support and resistance. Ichimoku contains comprised five lines called the Tenkan Sen, Kijun Sen, Senkou Span A, Senkou Span B and Chickou Span, and is devised like an "all-in-one" indicator that helps gauge an market's trend, momentum and support and resistance points at the same time.

References:


  1. Senkou Span A, Senkou Span B, Tenkan Sen, Kijun Sen, Chikou Span.
  2. Ichimoku Cloud Filters Information Storm

Example

This example nicely plots the Senkou Span A and Senkou Span B indicators as a dual fill band:


using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using Community.Indicators;

namespace WealthLab.Strategies { public class MyStrategy : WealthScript { protected override void Execute() { PlotSeriesDualFillBand( PricePane, SenkouSpanA.Series(Bars), SenkouSpanB.Series(Bars), Color.FromArgb( 50, Color.Blue ), Color.FromArgb( 50, Color.Red ), Color.FromArgb( 50, Color.Black ), LineStyle.Solid, 1 ); } } }

This example demonstrates a neat WealthScript trick: pushing the price DataSeries back 26 bars to align with the Kumo, so that the Kumo is plotted 26 periods into the future:


using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using Community.Indicators;

namespace WealthLab.Strategies { public class IchimokuClouds : WealthScript { protected override void Execute() { int p4 = 26; // Push the Price DataSeries back 26 bars to align with Kumo for (int bar = p4; bar < Bars.Count; bar++) { int b = bar - p4 + 1; Open[b] = Open[bar]; High[b] = High[bar]; Low[b] = Low[bar]; Close[b] = Close[bar]; } // flat line the values for the last 26 bars double last = Close[Bars.Count - 1]; for (int bar = Bars.Count - p4 + 1; bar < Bars.Count; bar++) { Open[bar] = last; High[bar] = last; Low[bar] = last; Close[bar] = last; } Color ltRed = Color.FromArgb(60, 255, 0, 0); Color ltBlue = Color.FromArgb(60, 0, 0, 255); PlotSeriesDualFillBand( PricePane, SenkouSpanA.Series(Bars), SenkouSpanB.Series(Bars), ltBlue, ltRed, Color.Red, LineStyle.Solid, 1 ); HideVolume(); } } }

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Used under license from FMR Corp. Copyright 2008 FMR Corp. All rights reserved.


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