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Hello,
I've set up the Ichimoku Charts in Metastock 10 which has resulted in a whole lot of lines. I've seen examples of Metastock charts with the cloud filled in - can anyone advise how I can do this?
And which are the lines that are used to form the cloud?
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Rank: Advanced Member
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ST:=(HHV(H,26)+LLV(L,26))/2;
TL:=(HHV(H,9)+LLV(L,9))/2;
DL:=Ref(C,25);
1Span:=Ref((ST+TL)/2,-25);
2Span:=Ref((HHV(H,52)+LLV(L,52))/2,-25);
1Span;2Span;
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Rank: Member
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" ST:=(HHV(H,26)+LLV(L,26))/2;
TL:=(HHV(H,9)+LLV(L,9))/2;
DL:=Ref(C,25);
1Span:=Ref((ST+TL)/2,-25);
2Span:=Ref((HHV(H,52)+LLV(L,52))/2,-25);
1Span;2Span;
"
thanks henry for it .
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Rank: Member
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Henry, thank you for responding - your formula gives me 3 lines which make it easier to see where the cloud should be. How do I fill in the cloud areas with colour?
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Have you tried applying the Ichimoku indicator that is already built into MS? (Well it's in my MS8 and MS9 I have loaded on this machine; I haven't looked to see if it is still included in newer versions.)
wabbit [:D]
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Rank: Member
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Hi Wabbit, thank you - well, in my Indicator list is "Ichimoku Chart" - I'm not sure if I made it (first started looking at this last year but got interrupted....) or it's built in. If it's supposed to be in v10, then it must be built in.
However, it just brings down a lot of lines and some of these need to be filled in to make the "clouds". That's my problem, firstly identifying which of the lines are the relevant ones for the cloud formation, and filling in the spaces.
I've searched the net and though I have seen a pic of the areas filled in on a Metastock chart, I can't find how to achieve this.
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Look further up your indicator quicklist to see the built in function, or read the manual.
wabbit [:D]
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Rank: Advanced Member
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Location: Glastonbury, CT
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Dear Eagle,
the ichimoku chart indicator plots six lines.
my indicator
ST:=(HHV(H,26)+LLV(L,26))/2;{Support & Resistance}
TL:=(HHV(H,9)+LLV(L,9))/2;{Support & Resistance}
DL:=Ref(C,25);{A Forward Ref Function is of no use but is plotted in the MS indicator}
1Span:=Ref((ST+TL)/2,-25);{Cloud edge}
2Span:=Ref((HHV(H,52)+LLV(L,52))/2,-25);{Cloud edge}
{The other line plotted in the MS version is the Close}
ST;TL:1Span;2Span;
so here are the six lines that are plotted in the Ichimoku Chart Indicator.
To fill in the cloud with color is just a waste of code and PC resources and serves no purpose, but I will agree that it looks great
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Rank: Member
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Joined: 9/3/2007(UTC)
Posts: 11
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Henry, thank you for your enhanced formula - much appreciated. I also like the formula you posted earlier which produces just the two lines - it's helped me identify which lines form the actual cloud in the most recent formula.
Wabbit, no in-built Ichimoku indicator in my Metastock, nor is there any mention in the manual.
Many thanks again Henry and Wabbit.
Eagle5
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