ICHIMOKU KINKO HYO

The ICHIMOKU CLOUD (Ichimoku Kinko Hyo) defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.

The Ichimoku Cloud consists of:

Tenkan-sen (Conversion Line) : (9-period high + 9-period low)/2)) 

(This line is the mid point of the 9 day high-low range)  

Kijun-sen (Base Line) : (26-period high + 26-period low)/2)) 

(This line is the mid point of the 26 day high-low range)

Senkou Span A (Leading Span A) : (Conversion Line + Base Line)/2)) 

(Midpoint between the Conversion Line and the Base Line) 

Senkou Span B (Leading Span B) : (52-period high + 52-period low)/2)) 

(This line is the mid point of the 52 day high-low range)

Chikou Span (Lagging Span) : Close plotted 26 days in the past

Bullish Signals:

Price moves above Cloud,

Cloud turns from red to green,

Price Moves above the Base Line,

Conversion Line moves above Base Line.

Bearish Signals:

Price moves below Cloud,

Cloud turns from green to red,

Price Moves below Base Line,

Conversion Line moves below Base Line.

//+------------------------------------------------------------------+

//|                                                     Ichimoku.mq4 |

//|                      Copyright © 2004, MetaQuotes Software Corp. |

//|                                       http://www.metaquotes.net/ |

//+------------------------------------------------------------------+

#property copyright "Copyright © 2004, MetaQuotes Software Corp."

#property link      "http://www.metaquotes.net/"

#property indicator_chart_window

#property indicator_buffers 7

#property indicator_color1 Red

#property indicator_color2 Blue

#property indicator_color3 SandyBrown

#property indicator_color4 Thistle

#property indicator_color5 Lime

#property indicator_color6 SandyBrown

#property indicator_color7 Thistle

//---- input parameters

extern int Tenkan=9;

extern int Kijun=26;

extern int Senkou=52;

//---- buffers

double Tenkan_Buffer[];

double Kijun_Buffer[];

double SpanA_Buffer[];

double SpanB_Buffer[];

double Chinkou_Buffer[];

double SpanA2_Buffer[];

double SpanB2_Buffer[];

//----

int a_begin;

//+------------------------------------------------------------------+

//| Custom indicator initialization function                         |

//+------------------------------------------------------------------+

int init()

  {

//----

   SetIndexStyle(0,DRAW_LINE);

   SetIndexBuffer(0,Tenkan_Buffer);

   SetIndexDrawBegin(0,Tenkan-1);

   SetIndexLabel(0,"Tenkan Sen");

//----

   SetIndexStyle(1,DRAW_LINE);

   SetIndexBuffer(1,Kijun_Buffer);

   SetIndexDrawBegin(1,Kijun-1);

   SetIndexLabel(1,"Kijun Sen");

//----

   a_begin=Kijun; if(a_begin<Tenkan) a_begin=Tenkan;

   SetIndexStyle(2,DRAW_HISTOGRAM,STYLE_DOT);

   SetIndexBuffer(2,SpanA_Buffer);

   SetIndexDrawBegin(2,Kijun+a_begin-1);

   SetIndexShift(2,Kijun);

   SetIndexLabel(2,NULL);

   SetIndexStyle(5,DRAW_LINE,STYLE_DOT);

   SetIndexBuffer(5,SpanA2_Buffer);

   SetIndexDrawBegin(5,Kijun+a_begin-1);

   SetIndexShift(5,Kijun);

   SetIndexLabel(5,"Senkou Span A");

//----

   SetIndexStyle(3,DRAW_HISTOGRAM,STYLE_DOT);

   SetIndexBuffer(3,SpanB_Buffer);

   SetIndexDrawBegin(3,Kijun+Senkou-1);

   SetIndexShift(3,Kijun);

   SetIndexLabel(3,NULL);

   SetIndexStyle(6,DRAW_LINE,STYLE_DOT);

   SetIndexBuffer(6,SpanB2_Buffer);

   SetIndexDrawBegin(6,Kijun+Senkou-1);

   SetIndexShift(6,Kijun);

   SetIndexLabel(6,"Senkou Span B");

//----

   SetIndexStyle(4,DRAW_LINE);

   SetIndexBuffer(4,Chinkou_Buffer);

   SetIndexShift(4,-Kijun);

   SetIndexLabel(4,"Chinkou Span");

//----

   return(0);

  }

//+------------------------------------------------------------------+

//| Ichimoku Kinko Hyo                                               |

//+------------------------------------------------------------------+

int start()

  {

   int    i,k;

   int    counted_bars=IndicatorCounted();

   double high,low,price;

//----

   if(Bars<=Tenkan || Bars<=Kijun || Bars<=Senkou) return(0);

//---- initial zero

   if(counted_bars<1)

     {

      for(i=1;i<=Tenkan;i++)    Tenkan_Buffer[Bars-i]=0;

      for(i=1;i<=Kijun;i++)     Kijun_Buffer[Bars-i]=0;

      for(i=1;i<=a_begin;i++) { SpanA_Buffer[Bars-i]=0; SpanA2_Buffer[Bars-i]=0; }

      for(i=1;i<=Senkou;i++)  { SpanB_Buffer[Bars-i]=0; SpanB2_Buffer[Bars-i]=0; }

     }

//---- Tenkan Sen

   i=Bars-Tenkan;

   if(counted_bars>Tenkan) i=Bars-counted_bars-1;

   while(i>=0)

     {

      high=High[i]; low=Low[i]; k=i-1+Tenkan;

      while(k>=i)

        {

         price=High[k];

         if(high<price) high=price;

         price=Low[k];

         if(low>price)  low=price;

         k--;

        }

      Tenkan_Buffer[i]=(high+low)/2;

      i--;

     }

//---- Kijun Sen

   i=Bars-Kijun;

   if(counted_bars>Kijun) i=Bars-counted_bars-1;

   while(i>=0)

     {

      high=High[i]; low=Low[i]; k=i-1+Kijun;

      while(k>=i)

        {

         price=High[k];

         if(high<price) high=price;

         price=Low[k];

         if(low>price)  low=price;

         k--;

        }

      Kijun_Buffer[i]=(high+low)/2;

      i--;

     }

//---- Senkou Span A

   i=Bars-a_begin+1;

   if(counted_bars>a_begin-1) i=Bars-counted_bars-1;

   while(i>=0)

     {

      price=(Kijun_Buffer[i]+Tenkan_Buffer[i])/2;

      SpanA_Buffer[i]=price;

      SpanA2_Buffer[i]=price;

      i--;

     }

//---- Senkou Span B

   i=Bars-Senkou;

   if(counted_bars>Senkou) i=Bars-counted_bars-1;

   while(i>=0)

     {

      high=High[i]; low=Low[i]; k=i-1+Senkou;

      while(k>=i)

        {

         price=High[k];

         if(high<price) high=price;

         price=Low[k];

         if(low>price)  low=price;

         k--;

        }

      price=(high+low)/2;

      SpanB_Buffer[i]=price;

      SpanB2_Buffer[i]=price;

      i--;

     }

//---- Chinkou Span

   i=Bars-1;

   if(counted_bars>1) i=Bars-counted_bars-1;

   while(i>=0) { Chinkou_Buffer[i]=Close[i]; i--; }

//----

   return(0);

  }

//+------------------------------------------------------------------+