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Ichimoku for Multicharts


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Ichimoku for Multicharts

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  #1 (permalink)
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Hi,

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

Rani

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rani View Post
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

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  #3 (permalink)
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Mike,

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

Rani

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  #4 (permalink)
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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.

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MultiCharts View Post
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?

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  #6 (permalink)
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I wrote one and posted it here:



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

Cheers,

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  #7 (permalink)
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Big Mike View Post
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?

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gonzofist View Post
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.

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  #9 (permalink)
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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 .

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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)

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Allason View Post
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....

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  #12 (permalink)
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Ykarius View Post
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

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Posts: 2,231 since Apr 2013
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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 View Post
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


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ABCTG View Post
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

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Posts: 2,231 since Apr 2013
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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 View Post
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


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  #16 (permalink)
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Here's the Ichimoku .eld from Manesh Patel's website:

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

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

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does anyone know where this scanner can be obtained

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