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The article "Ichimoku Charts", by Ken Muranaka, introduces the five formulas required to construct the Ichimoku Chart. This can be easily created in MetaStock 6.52 or higher. Select Indicator Builder from the Tools menu, select New and enter the following formula:
Name: Ichimoku Chart
ST:=(HHV(H,26)+LLV(L,26))/2;
TL:=(HHV(H,9)+LLV(L,9))/2;
DL:=Ref(C, 26);
1Span:=Ref((ST+TL)/2,-26);
2Span:=Ref((HHV(H,52)+LLV(L,52))/2,-26);
ST;
TL;
DL;
1Span;
2Span
Next locate the Ichimoku Chart indicator in MetaStock's Indicator Builder.
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