Ichimoku Kinko Hyo

ichimoku

Function Name: ichimoku

Tags: None

Category: Price

The indicator consists of 5 lines:

Kijun Sen (Standard Line) Average of the highest and the lowest price of the past 26 days.

Tenkan Sen (Turning Line) Average of the highest and the lowest price of the past 9 days

Chikou Span (Delayed Line) Backward projection of today's price (26 days delayed)

Senkou Span A (1st preceeding Line) Forward projection of the average of Standard Line and Turning Line (26 days)

Senkou Span B (2nd preceeding Line) Forward projection of the highest and the lowest price of the past 52 days (26 days)

The calculation of the lines is based on the highest high and the lowest low of a period.

 

Link:       http://www.investopedia.com/terms/i/ichimokuchart.asp

 

Parameters

period1

 

Default Value: 9  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric

period2

 

Default Value: 26  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric

period3

 

Default Value: 52  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric