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Ichimoku Chart for Amibroker (AFL)

kaiji over 16 years ago 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

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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