MultiCharts - Ichimoku indicators

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Ichimoku indicators

This indicator contains the 5 Ichimoku indicators for Multicharts:

Tenkan Sen, Kijun Sen, Chikou Span, Senkou Span A, Senkou Span B.

The lookback periods for the Tenkan, Kijun, Chikou and Senkou B are user customizable through the Multicharts Format Indicators - Inputs menu. The colors and styles of all indicators, including the bullish and bearish Kumo cloud, are user customizable through Multicharts Format Indicators - Style menu.

Tips for setting up the Kumo cloud:

When inserting the indicator make sure the Chart Shift in the X-Time Scale settings is at least 26 bars (or actually the lookback period of the Senkou Span B divided by 2).
To plot the Kumo cloud the plot style for the Bullish Kumo Top, Bullish Kumo Bottom, Bearish Kumo Top and Bearish Kumo Bottom should be setup as in the attached picture.

For more information about Ichimoku Cloud trading I recommend the presentations of Chris Capre (webinar 16 November 2011) and Manesh Patel (webinar 6 December 2011) here on BMT.

Category MultiCharts

Details: Ichimoku indicators
Category: MultiCharts

November 3rd, 2012
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