Ichimoku

Modified on 2010/09/13 15:31 by Eugene — Categorized as: Community Indicators

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:

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();
		}
	}
}