Author Topic: Ichimoku Hayo Kinko  (Read 9145 times)

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SC

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Ichimoku Hayo Kinko
« Reply #-1 on: January 03, 2010, 01:51:41 PM »
Hey guys,

How do you like this chart?


Click to enlarge

Want to know more?

1 . http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

2. http://www.kumotrader.com/forum/index.php

Pakinvestorsguide

Ichimoku Hayo Kinko
« Reply #-1 on: January 03, 2010, 01:51:41 PM »

Offline Admin

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Re: Ichimoku Hayo Kinko
« on: January 03, 2010, 01:55:04 PM »
plz give us some more details on it

SC

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Re: Ichimoku Hayo Kinko
« Reply #1 on: January 03, 2010, 02:02:12 PM »
plz give us some more details on it

Please, visit the links provided in the first post.

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Re: Ichimoku Hayo Kinko
« Reply #2 on: January 03, 2010, 02:04:06 PM »


Ichimoku Components
The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the complete "Ichimoku picture". A summary of how each line is calculated is outlined below:

TENKAN SEN ("turning line")     

(HIGHEST HIGH + LOWEST LOW)/2  for the past 9 periods


KIJUN SEN ("standard line")
                                 
(HIGHEST HIGH + LOWEST LOW)/2  for the past 26 periods


CHIKOU SPAN ("lagging line")
                                 
CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods


SENKOU SPAN A ("1st leading line")

(TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods


SENKOU SPAN B ("2nd leading line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future) 26 periods


The senkou span A and B deserve special mention here as they, together, form the Ichimoku "kumo" or cloud. We cover the kumo and its myriad functions in more detail in the section "The kumo".

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Re: Ichimoku Hayo Kinko
« Reply #3 on: January 03, 2010, 02:05:25 PM »
plz give us some more details on it

Please, visit the links provided in the first post.

yups got it thanks

Offline 007

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Re: Ichimoku Hayo Kinko
« Reply #4 on: January 04, 2010, 01:54:33 AM »
Ya interesting so say the least farzooq san

now we can learn to speak Japanese as well

arigato gozaimasu farzooq san  ;D

Offline 007

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Re: Ichimoku Hayo Kinko
« Reply #5 on: January 04, 2010, 02:10:09 AM »
SC bhai agar bura na manain tou yeh bata dain kay Ami broker main yeh chart kay formulae kasiay dalay ja sak tain

aur agar koi code app ko pata hai tou woh bhi share kar dain

thanks

SC

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Re: Ichimoku Hayo Kinko
« Reply #6 on: January 04, 2010, 11:00:13 PM »
SC bhai agar bura na manain tou yeh bata dain kay Ami broker main yeh chart kay formulae kasiay dalay ja sak tain

aur agar koi code app ko pata hai tou woh bhi share kar dain

thanks

Hi,
Here is the AFL as per your request.
Please note, the code and comments are not mine. It belongs to a friend of mine. I will post my IHK, which is much superior, in due course of time.

BTW, PatternExplorer has Ichimoku.
////////Start of AFL/////////
/*
A bullish Signal occurs when the Tenkan-Sen (RED line) crosses the Kijun-Sen
(BLUE line) from below.
Conversely, a bearish Signal is issued when the Tenkan-Sen crosses the
Kijun-Sen from above.

Support AND resistance levels are shown as Kumo (OR clouds). The Kumo can also
be used to help identify
 the prevailing trend of the market. if the price line is above the Kumo, the
prevailing trend is said to be up,
 while if the price is below the Kumo, the prevailing trend is said to be down.
The default colour here for the clouds is
light blue - but the hue, etc, parameters can be adjusted to suit the user's
display.

The theory is that the bullish signals are strong when the TL,SL Cross occurs
above the cloud; it is medium within the
cloud, AND weak if it occurs below the cloud. These are shown here as green
solid up arrows,
Conversely, the bearish signals are said to be strong when the Cross is below
the cloud AND weak when above. These signals
are plotted as down red arrows OR triangles, OR brown hollw down arrows.

As an attempt at clarity on a cluttered Plot, all Signal arrows, etc are
plotted within the clouds (rather than near the
candles as is normal). The user can also toggle between a candle Plot OR a line
Plot of the Close price, to reduce
the clutter somewhat.

A final feature of the Ichimoku chart is the VIOLET line, OR Chikou Span (OR
Lagging Span). It is said that this line
indicates the strength of the Buy OR Sell Signal. if the Chikou Span is below
the closing price AND a Sell Signal occurs,
then the strength is with sellers, otherwise it is a weak Sell Signal.
Conversely, if a Buy Signal occurs AND the Chikou
Span is above the price, then there is strength to the upside. These
considerations could  be coupled with the other
signals, if desired, but this has NOT been done here.

Final Comment: This program produces quite a pretty graph - but I have NOT so
far been impressed with the signals!

I have seen many weak signals followed by strong moves AND strong signals
followed by weak moves. Typical of technical analysis I guess. if anyone finds
the Ichimoku approach useful I would be keen to hear about it.
*/

SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;// standard, base, or kijun-sen line
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;// turning, conversion, or tenkan-senline
DL = Ref( C, 25 );                  // delayed close price, or chikou span
Span1 = Ref( ( SL + TL )/2, -25 );      //Span1 and Span2 define the clouds
Span2 = Ref( (HHV( H, 52) + LLV(L, 52))/2, -25);

CStyle = ParamToggle("Showcandles?","N|Y");//Choose Candle or Line for Price Plot
//hue = Param("Hue",140,0,255,1);
//sat = Param("Sat",100,0,255,1);
//bri = Param("bri",220,0,255,1);

hue = Param("Hue",10,0,255,1);
sat = Param("Sat",10,0,255,1);
bri = Param("bri",20,0,255,1);

MaxGraph = 8;
Refline = (Span1 + Span2)/2;
Graph0 = Refline;
Graph0Style = 16;//No line plotted, used as a reference line for arrows etc.
if(Cstyle )
Plot(C,"Price",colorBlack,styleCandle);
else
PlotOHLC(O,H,L,C,"Price",IIf(C>O,colorGreen,colorRed),styleCandle);
//Plot(Close,"Close",colorBlack,styleThick);
Plot(SL,"SL",colorBlue,styleThick);
Plot(TL,"TL",colorRed,styleThick);
Plot(DL,"DL",colorViolet,styleLine);
PlotOHLC(Span1,Span1,Span2,Span2,"Cloud",ColorHSB(Hue,sat,bri),styleCloud);

above = IIf(TL>Span1 AND TL>Span2,1,0);
within = IIf((TL>Span1 AND TL<Span2) OR (TL<Span1 AND TL>Span2) ,1,0);
below = IIf(TL<Span1 AND TL<Span2,1,0);
Buy = Cross(TL,SL);
Sell = Cross(SL,TL);
StrongBuy = Buy AND above;
MediumBuy = Buy AND within;
WeakBuy = Buy AND below;
StrongSell = Sell AND below;
MediumSell = Sell AND within;
WeakSell = Sell AND above;


PlotShapes(StrongBuy*shapeUpTriangle,colorBrightGreen, 0, Low, Offset =-10);
PlotShapes(StrongBuy*shapeDigit1,colorBrightGreen, 0, Low, Offset =-25);
PlotShapes(MediumBuy*shapeHollowUpTriangle,colorBrightGreen, 0, Low, Offset =0);
PlotShapes(MediumBuy*shapeDigit2,colorBrightGreen, 0, Low, Offset =-15);
PlotShapes(WeakBuy*shapeHollowUpTriangle,colorGreen, 0, Low, Offset =-15);
PlotShapes(WeakBuy*shapeDigit3,colorGreen, 0, Low, Offset =-30);

PlotShapes(StrongSell*shapeDownTriangle,colorRed, 0, High, Offset =-40);
PlotShapes(StrongSell*shapeDigit1,colorRed, 0, High, Offset =55);
PlotShapes(MediumSell*shapeHollowDownTriangle,colorRed, 0, High, Offset =-40);
PlotShapes(MediumSell*shapeDigit2,colorRed, 0, High, Offset =55);
PlotShapes(WeakSell*shapeHollowDownTriangle,colorRed, 0, High, Offset =-40);
PlotShapes(WeakSell*shapeDigit3,colorRed, 0, High, Offset =55);


///////////////////////////////////////////////////////////////////////////////
Filter=StrongBuy OR MediumBuy OR WeakBuy OR StrongSell OR MediumSell OR WeakSell;

AddColumn( IIf(StrongBuy,C,IIf(StrongSell,-C,Null)) ,"STRONG",1.0,colorWhite,IIf(StrongBuy,colorBrightGreen,IIf(StrongSell,colorRed,colorBlack)));
AddColumn( IIf(MediumBuy,C,IIf(MediumSell,-C,Null)) ,"MEDIUM",1.0,colorWhite,IIf(MediumBuy,colorGreen,IIf(MediumSell,colorDarkRed,colorBlack)));
AddColumn( IIf(WeakBuy,C,IIf(WeakSell,-C,Null)) ,"WEAK",1.0,colorWhite,IIf(WeakBuy,colorGreen,IIf(WeakSell,colorDarkRed,colorBlack)));


_SECTION_END();

_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | styleHidden | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();

//////End of AFL/////////////

« Last Edit: January 04, 2010, 11:54:22 PM by SC »

Toshi

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Re: Ichimoku Hayo Kinko
« Reply #7 on: January 05, 2010, 12:01:36 AM »
SC bhai Thanx for sharing

Offline 007

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Re: Ichimoku Hayo Kinko
« Reply #8 on: January 05, 2010, 08:07:05 PM »
Thanks a Million SC sb, the code worked great




Just a few expert tips from yourself would be really appreciated,

Specifically those red and green dots, buy sell signals i guess made by the code maker iguess,

Also the position and interpretation of the Kumo
« Last Edit: January 06, 2010, 12:11:42 AM by M.Bilal »

SC

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Re: Ichimoku Hayo Kinko
« Reply #9 on: January 05, 2010, 09:23:26 PM »
The dots are in fact numbers.

Buy/sell signals are generarted at the cross of Turning & Slow Lines.

Buy/sell signals are marked with triangles on the chart.
1,2,3 numbers are used to describe the so called signal strength.

1 is a strong signal
2 is a medium strength signal
3 is a weak signal

Signal strength is calculated relative to its position to the cloud.

A buy signal generated above the cloud is considered a STRONG BUY;
A sell signal generated below the cloud is considered a STRONG SELL;

and so on.  ;)

« Last Edit: January 06, 2010, 12:12:13 AM by M.Bilal »

Offline 007

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Re: Ichimoku Hayo Kinko
« Reply #10 on: January 05, 2010, 10:10:45 PM »
so than pace is a shitty item as far as ichimoku analysis is concerned, where as 1 red means strong sell

although pace has historical low of 5,50 we should sell it as per ichimoku analysis

plz correct me if i am wrong,

PS: technical analysis is very fickle i know that, where do u rate this indicator and level of accuracy of the signals generated, and is this sound enough to trade on this alone

Thanks in Advance

SC

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Re: Ichimoku Hayo Kinko
« Reply #11 on: January 06, 2010, 12:28:59 AM »
so than pace is a shitty item as far as ichimoku analysis is concerned, where as 1 red means strong sell

although pace has historical low of 5,50 we should sell it as per ichimoku analysis

plz correct me if i am wrong,

PS: technical analysis is very fickle i know that, where do u rate this indicator and level of accuracy of the signals generated, and is this sound enough to trade on this alone

Thanks in Advance

I am sorry, I cannot comment on PACE (you should not have bought it  8)).

You may recall that the coder is not happy with the generated signals, "Final Comment: This program produces quite a pretty graph - but I have NOT so far been impressed with the signals! I have seen many weak signals followed by strong moves AND strong signals followed by weak moves. Typical of technical analysis I guess. if anyone finds the Ichimoku approach useful I would be keen to hear about it."

IMHO -
This is a very good charting system.
It take getting used to.
A little customization (playing with TL, DL periods) is always good.

Offline 007

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Re: Ichimoku Hayo Kinko
« Reply #12 on: January 06, 2010, 12:44:11 AM »
TL DL periods are not they standard

also i lack sufficient skill tinkering with them

anyways thanks for not commenting on PACE ;)

SC

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Re: Ichimoku Hayo Kinko
« Reply #13 on: January 06, 2010, 02:10:35 PM »
TL DL periods are not they standard

also i lack sufficient skill tinkering with them

anyways thanks for not commenting on PACE ;)

You can learn new skills. There is enough material flying around to assist you. OR maybe you will not as TA has been kindda "fickle" in your substantial experience.
« Last Edit: January 06, 2010, 02:24:53 PM by SC »

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Re: Ichimoku Hayo Kinko
« Reply #14 on: January 06, 2010, 02:58:07 PM »
Okay thanks

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Re: Ichimoku Hayo Kinko
« Reply #15 on: January 07, 2010, 01:04:51 PM »
SC bhai agar bura na manain tou yeh bata dain kay Ami broker main yeh chart kay formulae kasiay dalay ja sak tain

aur agar koi code app ko pata hai tou woh bhi share kar dain

thanks

Hi,
Here is the AFL as per your request.
Please note, the code and comments are not mine. It belongs to a friend of mine. I will post my IHK, which is much superior, in due course of time.

BTW, PatternExplorer has Ichimoku.
////////Start of AFL/////////
/*
A bullish Signal occurs when the Tenkan-Sen (RED line) crosses the Kijun-Sen
(BLUE line) from below.
Conversely, a bearish Signal is issued when the Tenkan-Sen crosses the
Kijun-Sen from above.

Support AND resistance levels are shown as Kumo (OR clouds). The Kumo can also
be used to help identify
 the prevailing trend of the market. if the price line is above the Kumo, the
prevailing trend is said to be up,
 while if the price is below the Kumo, the prevailing trend is said to be down.
The default colour here for the clouds is
light blue - but the hue, etc, parameters can be adjusted to suit the user's
display.

The theory is that the bullish signals are strong when the TL,SL Cross occurs
above the cloud; it is medium within the
cloud, AND weak if it occurs below the cloud. These are shown here as green
solid up arrows,
Conversely, the bearish signals are said to be strong when the Cross is below
the cloud AND weak when above. These signals
are plotted as down red arrows OR triangles, OR brown hollw down arrows.

As an attempt at clarity on a cluttered Plot, all Signal arrows, etc are
plotted within the clouds (rather than near the
candles as is normal). The user can also toggle between a candle Plot OR a line
Plot of the Close price, to reduce
the clutter somewhat.

A final feature of the Ichimoku chart is the VIOLET line, OR Chikou Span (OR
Lagging Span). It is said that this line
indicates the strength of the Buy OR Sell Signal. if the Chikou Span is below
the closing price AND a Sell Signal occurs,
then the strength is with sellers, otherwise it is a weak Sell Signal.
Conversely, if a Buy Signal occurs AND the Chikou
Span is above the price, then there is strength to the upside. These
considerations could  be coupled with the other
signals, if desired, but this has NOT been done here.

Final Comment: This program produces quite a pretty graph - but I have NOT so
far been impressed with the signals!

I have seen many weak signals followed by strong moves AND strong signals
followed by weak moves. Typical of technical analysis I guess. if anyone finds
the Ichimoku approach useful I would be keen to hear about it.
*/

SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;// standard, base, or kijun-sen line
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;// turning, conversion, or tenkan-senline
DL = Ref( C, 25 );                  // delayed close price, or chikou span
Span1 = Ref( ( SL + TL )/2, -25 );      //Span1 and Span2 define the clouds
Span2 = Ref( (HHV( H, 52) + LLV(L, 52))/2, -25);

CStyle = ParamToggle("Showcandles?","N|Y");//Choose Candle or Line for Price Plot
//hue = Param("Hue",140,0,255,1);
//sat = Param("Sat",100,0,255,1);
//bri = Param("bri",220,0,255,1);

hue = Param("Hue",10,0,255,1);
sat = Param("Sat",10,0,255,1);
bri = Param("bri",20,0,255,1);

MaxGraph = 8;
Refline = (Span1 + Span2)/2;
Graph0 = Refline;
Graph0Style = 16;//No line plotted, used as a reference line for arrows etc.
if(Cstyle )
Plot(C,"Price",colorBlack,styleCandle);
else
PlotOHLC(O,H,L,C,"Price",IIf(C>O,colorGreen,colorRed),styleCandle);
//Plot(Close,"Close",colorBlack,styleThick);
Plot(SL,"SL",colorBlue,styleThick);
Plot(TL,"TL",colorRed,styleThick);
Plot(DL,"DL",colorViolet,styleLine);
PlotOHLC(Span1,Span1,Span2,Span2,"Cloud",ColorHSB(Hue,sat,bri),styleCloud);

above = IIf(TL>Span1 AND TL>Span2,1,0);
within = IIf((TL>Span1 AND TL<Span2) OR (TL<Span1 AND TL>Span2) ,1,0);
below = IIf(TL<Span1 AND TL<Span2,1,0);
Buy = Cross(TL,SL);
Sell = Cross(SL,TL);
StrongBuy = Buy AND above;
MediumBuy = Buy AND within;
WeakBuy = Buy AND below;
StrongSell = Sell AND below;
MediumSell = Sell AND within;
WeakSell = Sell AND above;


PlotShapes(StrongBuy*shapeUpTriangle,colorBrightGreen, 0, Low, Offset =-10);
PlotShapes(StrongBuy*shapeDigit1,colorBrightGreen, 0, Low, Offset =-25);
PlotShapes(MediumBuy*shapeHollowUpTriangle,colorBrightGreen, 0, Low, Offset =0);
PlotShapes(MediumBuy*shapeDigit2,colorBrightGreen, 0, Low, Offset =-15);
PlotShapes(WeakBuy*shapeHollowUpTriangle,colorGreen, 0, Low, Offset =-15);
PlotShapes(WeakBuy*shapeDigit3,colorGreen, 0, Low, Offset =-30);

PlotShapes(StrongSell*shapeDownTriangle,colorRed, 0, High, Offset =-40);
PlotShapes(StrongSell*shapeDigit1,colorRed, 0, High, Offset =55);
PlotShapes(MediumSell*shapeHollowDownTriangle,colorRed, 0, High, Offset =-40);
PlotShapes(MediumSell*shapeDigit2,colorRed, 0, High, Offset =55);
PlotShapes(WeakSell*shapeHollowDownTriangle,colorRed, 0, High, Offset =-40);
PlotShapes(WeakSell*shapeDigit3,colorRed, 0, High, Offset =55);


///////////////////////////////////////////////////////////////////////////////
Filter=StrongBuy OR MediumBuy OR WeakBuy OR StrongSell OR MediumSell OR WeakSell;

AddColumn( IIf(StrongBuy,C,IIf(StrongSell,-C,Null)) ,"STRONG",1.0,colorWhite,IIf(StrongBuy,colorBrightGreen,IIf(StrongSell,colorRed,colorBlack)));
AddColumn( IIf(MediumBuy,C,IIf(MediumSell,-C,Null)) ,"MEDIUM",1.0,colorWhite,IIf(MediumBuy,colorGreen,IIf(MediumSell,colorDarkRed,colorBlack)));
AddColumn( IIf(WeakBuy,C,IIf(WeakSell,-C,Null)) ,"WEAK",1.0,colorWhite,IIf(WeakBuy,colorGreen,IIf(WeakSell,colorDarkRed,colorBlack)));


_SECTION_END();

_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | styleHidden | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();

//////End of AFL/////////////



I used this afl and also built in fuction in PE,both are almost the same
But i am waiting for Super Cock's Afl code,Lets c when he wil post.

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Re: Ichimoku Hayo Kinko
« Reply #16 on: January 07, 2010, 11:19:46 PM »
SC bhai i seen its accuracy rate is 50 %,  ;D

not very accurate

hoping u will manage to clear the kinks

very beautiful chart though

SC

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Re: Ichimoku Hayo Kinko
« Reply #17 on: January 08, 2010, 11:02:09 AM »
SC bhai i seen its accuracy rate is 50 %,  ;D

not very accurate

hoping u will manage to clear the kinks

very beautiful chart though

50% is excellent.
We can achieve a 100% success rate by avoiding the other 50%  ;)

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Re: Ichimoku Hayo Kinko
« Reply #18 on: January 08, 2010, 03:35:12 PM »
Now how we do that

eg it gave strong sell signal in pace at 5.90 pace bounced to 6.35 ,

good buy signals in ubl though,

it is good but ....

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