NinjaTrader 6.5 Indicators - Ichimoku With Background Colors
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Ichimoku With Background Colors 5 *
I downloaded the base version of Ichimoku from the NinjaTrader Support Forum, and left all commenting within untouched except for what I added. I only added support for background colors displayed when both the Kijun and Tenkan lines are both above or below the "cloud". When either line are within the cloud, the default background color is displayed which indicates neutral. The settings are self explanitory.

I use this setup on several different time frame charts to tell at a glance whether a bearish, bullish or neutral condition exists on various time frames. With this tool, I can make those charts very small, and I don't need to spend any time studying the charts to determine those conditions because the bg color tells me instantly what is happening.

Note, there are interesting comments within the code that gives info on how to find more complete instructions for trading ichimoku, which I'm still learning about.


Category NinjaTrader 6.5 Indicators 
 
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Details: Ichimoku With Background Colors
Category: NinjaTrader 6.5 Indicators 


October 16th, 2010
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