Comparing Chikou span to the current bar

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Hi
I have been working on my MT4 EA for a while now, I'm thinking of using the Ichimoku Kinko Hyo to limit the number of false breakouts but the Chikou span lags behind, making the strategy risky.

I need help with maybe another indicator that behaves the same way as Ichimoku but updating in real time, or a way to use Ichimoku with multiple timeframes comparison for my final confirmation.

I think comparing the chikou span to the current bar will work better, but I need the technique on how to do it.

Please help with ideas

Thank you
 
Elvis955: Comparing Chikou span to the current bar but the Chikou span lags behind,
Do you know what Chikou span is?
It's also known as the "lagging span" and it's created by plotting closing prices that are 26 periods behind the latest closing price of an asset.

They are the same thing.

What Is Closing Price? Definition, How It's Used, and Example
What Is Closing Price? Definition, How It's Used, and Example
  • www.investopedia.com
The closing price is the raw price or cash value of the last transacted price in a security before the market officially closes for normal trading. It is often the reference point used by investors to compare a stock's performance since the previous day—and closing prices are frequently used to construct line graphs depicting historical price...
 
I do understand what chikou is, and it's calculation, and that it lags 26 periods behind by design. I need held in developing an indicator that behaves almost the same as chikou, but updating with current price
 
Elvis955 #:  behaves almost the same as chikou, but updating with current price

That would be the line SMA(1). Same as current price.

 
William Roeder #:

That would be the line SMA(1). Same as current price.

I have figured it out, it works. Thank you
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