Traders' Tips from TASC Magazine

Ichimoku Charts

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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