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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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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 | /* 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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