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Ichimoku Chart for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker
Ichimoku Chart is a trend following system similar to Moving averages. Time spans of 9, 26 and 52 are used. According to Ken Muranaka, Ichimoku charts depicts market timing, resistance/support,and possibly false break outs, all in one chart, in one panoramic view. For more details, check this link: Ichimoku PDF
Author: Prakash Shenoi
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Indicator / Formula
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/* ICHIMOKU CHART */ /* AFL code by Prakash Shenoi */ SL=(HHV(H,26)+LLV(L,26))/2; TL=(HHV(H,9)+LLV(L,9))/2; DL=Ref(C,25); Sp1=Ref((SL+TL)/2,-25); Sp2=Ref((HHV(H,52)+LLV(L,52))/2,-25); MaxGraph=6; Graph0=C; Graph0Style=styleCandle; Graph0Color=1; Graph1=SL; Graph1Color=3; Graph2=TL; Graph2Color=4; Graph3=DL; Graph3Color=32; Graph4=Sp1; Graph4Color=5; Graph5=Sp2; Graph5Color=6; Graph1Style=Graph2Style= styleLine | styleThick; Graph3Style=Graph4Style= styleLine | styleThick; Graph5Style=styleLine | styleThick; Title=Name ()+ " Ichimoku Chart " + WriteVal ( Graph0,format=1.2);
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