Ichimoku Chart
Utilizing the Amibroker data feed to analyze the classic Ichimoku Chart offers a holistic view of market dynamics. An Amibroker AFL centered around this indicator aids traders in identifying trend directions, support and resistance levels, and potential trade setups based on this versatile charting tool.
/ // // 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: // http://www.forex-books.com/articles/techan/ichimoku.pdf // //------------------------------------------------------------------------------ /* 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);