Ichimoku

[raykohl]

.

Whoa !!! , I've been gone for awhile and I come back to find you guys working away.
As usual.....it is..... "WE the People"........if we want anything done around here.

I'll get to work on this in a couple of days or so....too busy right now.

Thanks for your hard work gekko ..... Much appreciated !!!

eSignal "has arrived"....and they no longer need to make the effort to satisfy their customers.
They ought to be ashamed.....but we all know the real truth... they don't give a shi......
In the end however.....it's a BAD business model.
.

[gekko71]

Update

Added differential coloring to the Kumo

[gekko71]

Download the new version. Make sure that the Tenkan Sen and the Kijun Sen reach the last bar on the chart

[rgarg99]

ok so do we need to re-download? or is it fixed automatically?

[gekko71]

Small update

Tenkan and kijun were not being displayed on the last bar

[rgarg99]

All good!

[gekko71]

Seems to be OK this end. Just right click on the link, select Save Target As, and save the file somewhere in the ..\\eSignal\Formulas\ directory. There should be a subdir called Downloads. You can save the file there.

Are you getting any error when you try to attach the indicator to the chart?

[rgarg99]

gekko..I seem to be having a problem opening it... can you provide download instructiions?

Scratch That...I got it......looks good will try to edit it to my

thanks!

nice job!

[gekko71]

Small amendment: I think I was leaving a gap after the last bar.

[gekko71]

Ichimoku revisited

Hi folks,

Impatient as I am, I couldn't wait for someone to come up with yet another version of the Ichimoku, so I extended the one given by eSignal to provide the extended bit on the chart. It should be alright for the moment.

I coded it very quickly and late at night so please check to make sure it works alright

Any feedback is most welcome

Thanks

Max

[rgarg99]

Great post! you are so correct... Esignal for as good as it is in many ways, it sometimes lacks in fundamentals...such as Ichimoku, Heikin-ashi Pivot Points, Alerts on Gaps, Forex chart times, Opening price signal and setting alerts are all items I have complained about for years and many others. I get ignored most of the time, not even a courtesy email. I think they got too big for their britches... If it wasn;t for the time I have as a client I would bail on them. I am too lazy to want to learn a new software right now

[gekko71]

Not good enough

I use SaxoTrader 2 for trading. The platform is provided to me by my broker - SaxoBank. It's a pretty basic platform and I mean basic. It's got a handful of indicators and - guess what - the Ichimoku Kinko Hyo is one of them. Now on this very basic platform which is given to me for free the Ichimoku looks just perfect. The komu is accurately displaced forward and all looks beautiful. That's SaxoTrader. On the other hand I pay eSignal well over a thousand bucks a year for an app that crashes often and which doesn't seem to be able to cope with such a 'challenging' indicator as the Ichimoku. I guess it all comes down to the level of skills of the guys at eSignal: let's face it they're not as good as the guys at SaxoBank. What's been given here is not a workaround. It simply tells you how to 'extend' the very last segment of the indicator. It does not tell you how to displace it by a certain number of lengths. It's a very different thing. Maybe one day they will hire a programmer who will rise to the 'Ichimoku challenge'...

[raykohl]

Alex, again thanks for your response.
However...... Rgarg99 is correct....once again.
This "Cloud" is supposed to be projected forward of price by 26 bars.
This will show the potential in the future....this helps with time studies.

There are NUMEROUS EXAMPLES of the way this chart should look
on the web, in books, and in magazine articles.
Most all of them show the Cloud as being in front of price.

That MetaStock does not show it this way either - is no surprise to me.
This program is one of the most awkward pieces of charting software that I ever wasted my money on.

What you say about "Labels" and such....makes no sense to me.
I'm sorry....perhaps I'm just too thick....but I see no correlation.
Once again thanks for your help, it is appreciated.

Ray

[ACM]

rgarg99

also///the Americanized versions of the line names should not be used. At least Metastock stuck to the original line names.

One of the features of a programmable language such as efs is that it allows customizing studies to one's preferences. You can very easily change the names by opening the efs with the Editor and modifying the labels in each setCursorLabelName() statement
Alex

Originally posted by rgarg99
Thanks for your interest in this. However the key point of Ichimoku is that is gives you the future theoretical support/resistance levels via its "cloud" formation. I am shocked that Metastock also cuts off the data at the last bar. Someone is not doing there Ichimoku homework!

also///the Americanized versions of the line names should not be used. At least Metastock stuck to the original line names.

[rgarg99]

Thanks for your interest in this. However the key point of Ichimoku is that is gives you the future theoretical support/resistance levels via its "cloud" formation. I am shocked that Metastock also cuts off the data at the last bar. Someone is not doing there Ichimoku homework!

also///the Americanized versions of the line names should not be used. At least Metastock stuck to the original line names.