Ichimoku for Multicharts

rani · (login for full post details)

Hi,

does there exist the Ichimoku indicator for Multicharts? I've tried to look for it without success. Any help highly appreciated.

Rani

Big Mike · (login for full post details)

rani

Hi,

does there exist the Ichimoku indicator for Multicharts? I've tried to look for it without success. Any help highly appreciated.

Rani

You might try this. I am not the author but found it on Google.

Name: Ichimoku - Lines
Type: Indicator

Code

Inputs: Standard (26), Turning (9), DelayColor (Yellow), ShowDelayLine (False); 
Variables: StdLine (0), TurnLine (0), DelayLine (0); 

StdLine = (Highest (High, Standard) + Lowest (Low, Standard)) / 2; 
TurnLine = (Highest (High, Turning) + Lowest (Low, Turning)) / 2; 
Close DelayLine = [Standard]; 

Plot1 (StdLine, "Standard"); 
Plot2 (TurnLine, "Turning"); 
If Close> Then DelayLine 
SetPlotcolor (2, Blue) 
Else 
SetPlotColor (2, DelayColor); 

Then if ShowDelayLine 
Plot3 [Standard] (Close, "Delayed");

Chart style:
Weight PlotName Style
Standard Line thinnest
Turning Line thinnest
Delayed Line thinnest

Chart color:
PlotName Color
Standard Red
Turning Blue
Delayed Magenta

Scaling: Same as symbol.
The second indicator Preceding draw the span lines or clouds. This indicator IS named Ichimoku - Cloud. The indicator Basically Draws Two cyan (bright blue) lines That Represent the cloud. Please note That Before Applying this indicator to a chart, you must set the "space to the right" setting for the chart (in the chart format dialog) Greater Than or Equal to the value of the "standard" input (26 Is The default value).
Here Is The EasyLanguage Used to create the Ichimoku - Cloud indicator. The properties for the indicator Presented are the after the EasyLanguage.

Name: Ichimoku - Cloud
Type: Indicator

Code

Inputs: Standard (26), Turning (9), Delayed (52); 
Variables: StdLine (0), TurnLine (0), span1 (0), SPan2 (0); 

StdLine = (Highest (High, Standard) + Lowest (Low, Standard)) / 2; 
TurnLine = (Highest (High, Turning) + Lowest (Low, Turning)) / 2; 
Span1 = (StdLine TurnLine +) / 2; 
Span2 = (Highest (High, Delayed) + Lowest (Low, Delayed)) / 2; 

Plot1 [-Standard] (span1, "span1"); 
Plot2 [-Standard] (Span2, "Span2");

Chart style:
Weight PlotName Style
Span1 Line Medium-thinnest
Span2 Line Medium-thinnest

Chart style:
PlotName Color
Span1 Cyan
Span2 Cyan

Scaling: Same as symbol.

Mike

rani · (login for full post details)

Mike,

Thanks, I've found this as well on the Net. However I am unable to make it work...

Rani

MultiCharts · (login for full post details)

This is not an endorsement, but there seems to be a paid Ichimoku for TS/MC available here - Ichimoku for Tradestation - download free demo indicator

Can't comment on how it works, or any reviews - I just know it exists.

Allason · (login for full post details)

MultiCharts

This is not an endorsement, but there seems to be a paid Ichimoku for TS/MC available here -

Can't comment on how it works, or any reviews - I just know it exists.

I tried to download the free trial version for multicharts but currently there is only for TS,
I wrote an email to support of the website, and wow I got an answer within 5 minutes.

They said they will upload a trial for multicharts later on today, and that the payed version already supports multicharts.
I tried the free tradestation version - works great!

Has any one ever bought from this web site?
Any information about the quality?

I also found another interesting indicator on the website you recommended - Predictive RSI -
Any one knows how it works?

diverdan · (login for full post details)

I wrote one and posted it here:

Want your EasyLanguage indicator created, free?

Here is my first attempt at the Ichi Cloud.

I have created two functions, SenkouSpanA:

Inputs:
PeriodFast(NumericSimple), PeriodMedium(NumericSimple);

SenkouSpanA = (Highest(High,PeriodFast) + lowest(Low,PeriodFast) + Highest(High,PeriodMedium) …

This thread is becoming quite active and you can post requests and people answer (well mostly Jura).

Cheers,

gonzofist · (login for full post details)

Big Mike

You might try this. I am not the author but found it on Google.

Name: Ichimoku - Lines
Type: Indicator

Code

Inputs: Standard (26), Turning (9), DelayColor (Yellow), ShowDelayLine (False); 
Variables: StdLine (0), TurnLine (0), DelayLine (0); 

StdLine = (Highest (High, Standard) + Lowest (Low, Standard)) / 2; 
TurnLine = (Highest (High, Turning) + Lowest (Low, Turning)) / 2; 
Close DelayLine = [Standard]; 

Plot1 (StdLine, "Standard"); 
Plot2 (TurnLine, "Turning"); 
If Close> Then DelayLine 
SetPlotcolor (2, Blue) 
Else 
SetPlotColor (2, DelayColor); 

Then if ShowDelayLine 
Plot3 [Standard] (Close, "Delayed");

Chart style:
Weight PlotName Style
Standard Line thinnest
Turning Line thinnest
Delayed Line thinnest

Chart color:
PlotName Color
Standard Red
Turning Blue
Delayed Magenta

Scaling: Same as symbol.
The second indicator Preceding draw the span lines or clouds. This indicator IS named Ichimoku - Cloud. The indicator Basically Draws Two cyan (bright blue) lines That Represent the cloud. Please note That Before Applying this indicator to a chart, you must set the "space to the right" setting for the chart (in the chart format dialog) Greater Than or Equal to the value of the "standard" input (26 Is The default value).
Here Is The EasyLanguage Used to create the Ichimoku - Cloud indicator. The properties for the indicator Presented are the after the EasyLanguage.

Name: Ichimoku - Cloud
Type: Indicator

Code

Inputs: Standard (26), Turning (9), Delayed (52); 
Variables: StdLine (0), TurnLine (0), span1 (0), SPan2 (0); 

StdLine = (Highest (High, Standard) + Lowest (Low, Standard)) / 2; 
TurnLine = (Highest (High, Turning) + Lowest (Low, Turning)) / 2; 
Span1 = (StdLine TurnLine +) / 2; 
Span2 = (Highest (High, Delayed) + Lowest (Low, Delayed)) / 2; 

Plot1 [-Standard] (span1, "span1"); 
Plot2 [-Standard] (Span2, "Span2");

Chart style:
Weight PlotName Style
Span1 Line Medium-thinnest
Span2 Line Medium-thinnest

Chart style:
PlotName Color
Span1 Cyan
Span2 Cyan

Scaling: Same as symbol.

Mike

Is it possible to modify to shade the area between senkou span A & B?

kbit · (login for full post details)

gonzofist

Is it possible to modify to shade the area between senkou span A & B?

EasyLanguage cannot display true, continuous shading in a chart. Thats the way it is in TS and I suspect MC as well.

gonzofist · (login for full post details)

I decided to make my first indicator, very simple a histogram of the Chikou - Close (will soon be equilibrium price). My problem is that I want it to plot on chart 1 in the margins, I have chart set to a 10% margin bottom and indicator 90% top margin.

Code

INPUTS: STANDARD(26);

VARIABLES:DELAYPA(0);

DELAYPA = AbsValue(CLOSE - CLOSE[STANDARD]);

PLOT1[26](DELAYPA, "DELAYPA");

But it is behaving a bit strange, keeps re-plotting....

I have no idea what im doing, any help would be appreciated

.

Ykarius · (login for full post details)

Here my version.
You need to modify the SAC and SBC style in the format study (bar high and bar low)
I attached a screenshot.

Code

Input:Tenkan(9),Kijun(26) ,Chikou(26),SenkouA(26),SenkouB(52);
Var:TS(0),KS(0),CS(0),SA( 0),SB(0);

Value1 = Highest(H,Tenkan);
Value2 = Lowest(L,Tenkan);

TS = ( Value1 + Value2 ) /2;

Value3 = Highest ( H, Kijun);
Value4 = Lowest (L, Kijun);

KS = ( Value3 + Value4 ) / 2;

SA = ( TS + KS ) / 2;

Value5 = Highest( H , SenkouB);
Value6 = Lowest ( L , SenkouB);

SB = (Value5 + Value6) / 2;


Plot1(TS,"TS",red);
Plot2(KS,"KS",blue);
Plot3[Chikou](C,"CS",cyan);
Plot4[-SenkouA](SA,"SA");
Plot5[-SenkouB/2](SB,"SB");
Plot6[-SenkouA](SA,"SAC");
Plot7[-SenkouB/2](SB,"SBC");

if SA > SB then
begin
SetPlotColor[-SenkouA]( 6, darkgreen ) ;
SetPlotColor[-SenkouB/2]( 7, darkgreen ) ;
SetPlotColor[-SenkouA]( 4, darkgreen ) ;
SetPlotColor[-SenkouB/2]( 5, darkgreen ) ;
end
else
begin
SetPlotColor[-SenkouA]( 6, darkmagenta ) ;
SetPlotColor[-SenkouB/2]( 7, darkmagenta ) ;
SetPlotColor[-SenkouA]( 4, darkmagenta ) ;
SetPlotColor[-SenkouB/2]( 5, darkmagenta ) ;

end ;

Hope it helps.

PS: don't forget to modify the right margin in format windows (>26 bars)

ChrisMoody · (login for full post details)

Allason

I tried to download the free trial version for multicharts but currently there is only for TS,
I wrote an email to support of the website, and wow I got an answer within 5 minutes.

They said they will upload a trial for multicharts later on today, and that the payed version already supports multicharts.
I tried the free tradestation version - works great!

Has any one ever bought from this web site?
Any information about the quality?

I also found another interesting indicator on the website you recommended - Predictive RSI -
Any one knows how it works?

I'm an aspiring programmer but not there yet. I contacted ProTradingIndicators to convert several Indicators I use over to MultiCharts when I became a MC user. They know what they are doing and they are very reliable. I've spent a lot of money on custom programmers and typically the turn around is long and as programmers/coders they typically don't TRADE and you have to go through several revisions to get what you actually want. The difference I found with ProTrading is they actually trade so they get what you are trying to accomplish very quickly. I purchased the Ichimoku package from them after watching Big Mikes webinar with Chris Capre from 2nd skies forex. Big Mike Thanks for that one...Chris Capre is a great person that has really helped me out a lot. I purchased Chris's course on Ichimoku and it is great.

I'm actually creating videos for ProTrading and the Ichimoku Indicator video will be up within a few days. As for the Predictive RSI it is really simple...I'll do a video on it this week so you can see how it works live.

Please note: I have no financial affiliation with ProTradingIndicators and do not get compensated in any way for the videos I do for them. (It's just a hobby of mine and I wanted to give back to them for all of the great work they have done for me) I'm a paying customer....

BigMikes forum is incredible for learning how to program for yourself...The people here are so generous...but if you need anything custom coded and your not at a level where you can do it yourself I highly recommend ProTradingIndicators....

nmorrowfx · (login for full post details)

Ykarius

Here my version.
You need to modify the SAC and SBC style in the format study (bar high and bar low)
I attached a screenshot.

Code

Input:Tenkan(9),Kijun(26) ,Chikou(26),SenkouA(26),SenkouB(52);
Var:TS(0),KS(0),CS(0),SA( 0),SB(0);

Value1 = Highest(H,Tenkan);
Value2 = Lowest(L,Tenkan);

TS = ( Value1 + Value2 ) /2;

Value3 = Highest ( H, Kijun);
Value4 = Lowest (L, Kijun);

KS = ( Value3 + Value4 ) / 2;

SA = ( TS + KS ) / 2;

Value5 = Highest( H , SenkouB);
Value6 = Lowest ( L , SenkouB);

SB = (Value5 + Value6) / 2;


Plot1(TS,"TS",red);
Plot2(KS,"KS",blue);
Plot3[Chikou](C,"CS",cyan);
Plot4[-SenkouA](SA,"SA");
Plot5[-SenkouB/2](SB,"SB");
Plot6[-SenkouA](SA,"SAC");
Plot7[-SenkouB/2](SB,"SBC");

if SA > SB then
begin
SetPlotColor[-SenkouA]( 6, darkgreen ) ;
SetPlotColor[-SenkouB/2]( 7, darkgreen ) ;
SetPlotColor[-SenkouA]( 4, darkgreen ) ;
SetPlotColor[-SenkouB/2]( 5, darkgreen ) ;
end
else
begin
SetPlotColor[-SenkouA]( 6, darkmagenta ) ;
SetPlotColor[-SenkouB/2]( 7, darkmagenta ) ;
SetPlotColor[-SenkouA]( 4, darkmagenta ) ;
SetPlotColor[-SenkouB/2]( 5, darkmagenta ) ;

end ;

Hope it helps.

PS: don't forget to modify the right margin in format windows (>26 bars)

This code looks great. Thanks

Unfortunately, I keep getting an error when appying the indicator to my chart in Multicharts - "Trying to access future data. Bar reference value : -26"

If anyone can help it would be much appreciated.

Regards
nmorrowfx

ABCTG · (login for full post details)

nmorrowfx,

what did you set as chart shift in the format window? My guess is it's below 26 and therefore the indicator raises the error.

Regards,

ABCTG

nmorrowfx

This code looks great. Thanks

Unfortunately, I keep getting an error when appying the indicator to my chart in Multicharts - "Trying to access future data. Bar reference value : -26"

If anyone can help it would be much appreciated.

Regards
nmorrowfx

andby · (login for full post details)

ABCTG

nmorrowfx,

what did you set as chart shift in the format window? My guess is it's below 26 and therefore the indicator raises the error.

Regards,

ABCTG

Hi ABCTG,

This does not seem to work if you add your symbols to a watchlist/pre-scanning window and try to add Ichimoku indicator to the list. I don't seem to find where such a param is available under the scanner, and you keep getting the same error message as described by nmorrowfx.

Cheers

ABCTG · (login for full post details)

andby,

I suppose the study would need to be modified to accomplish that. A couple of plots are shifted to the right with the Ichimoku and you'd need to decide which value you want to see in the scanner for the current bar i.e. either the value that is shifted to the right or the value the indicator displays at the current bar (basically this is the value from 26 bars ago).

Regards,
ABCTG

andby

Hi ABCTG,

This does not seem to work if you add your symbols to a watchlist/pre-scanning window and try to add Ichimoku indicator to the list. I don't seem to find where such a param is available under the scanner, and you keep getting the same error message as described by nmorrowfx.

Cheers

olobay · (login for full post details)

Here's the Ichimoku .eld from Manesh Patel's website:

https://www.imtftrade.com/videos/ICHIMOKUTRADE.ELD

https://www.imtftrade.com/c/tradestation-information/

yiman · (login for full post details)

does anyone know where this scanner can be obtained

Ichimoku for Multicharts

Discussion in MultiCharts

Ichimoku for Multicharts

NinjaTrader Indicator Challenge!

Battlestations! Show us your trading desk - $1,500 in prizes!

Importance of Finding Your Own Way w/Adam Grimes

Journal Challenge w/Jigsaw