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Dear Applicants,
we are seeking an expert who can code an indicator for MT4 based on the existing Ichimoku Kinko Hyo. The indicator should draw Ichimoku Signals plus the strength of the signal. The following signals can occur:
- Tenkan Sen/Kijun Sen Cross (find definition below)
- Kijun Sen Cross (find definition below)
- Kumo Breakout (find definition below)
- Senkou Span Cross (find definition below)
- Chikou Span Cross (find definition below)
Tenkan Sen/Kijun Sen Cross
A bullish signal occurs when the Tenkan Sen crosses the Kijun Sen from below. The strength of the signal is defined as follows:
- A weak bullish signal occurs when the cross is below the Kumo.
- A neutral bullish signal occurs when the cross is inside the Kumo.
- A strong bullish signal occurs when the cross is above the Kumo.
A bearish signal occurs when the Tenkan Sen crosses the Kijun Sen from above. The strength of the signal is defined as follows:
- A weak bearish signal occurs when the cross is above the Kumo.
- A neutral bearish signal occurs when the cross is inside the Kumo.
- A strong bearish signal occurs when the cross is below the Kumo.
Kijun Sen Cross
A bullish signal occurs when the price crosses the Kijun Sen from below. The strength of the signal is defined as follows:
- A weak bullish signal occurs when the cross is below the Kumo.
- A neutral bullish signal occurs when the cross is inside the Kumo.
- A strong bullish signal occurs when the cross is above the Kumo.
A bearish signal occurs when the price crosses from above to below the Kijun Sen. The strength of the signal is defined as follows:
- A weak bearish signal occurs when the cross is above the Kumo.
- A neutral bearish signal occurs when the cross is inside the Kumo.
- A strong bearish signal occurs when the cross is below the Kumo.
Kumo Breakout
The Kumo Breakout signal occurs when the price leaves or crosses the Kumo (Cloud).
- A bullish signal occurs when the price goes upwards through the top of the Kumo.
- A bearish signal occurs when the price goes downwards through the bottom of the Kumo.
Senkou Span Cross
The Senkou Span Cross signal occurs when the Senkou Span A (1st leading line) crosses the Senkou Span B (2nd leading line). As the Senkou Spans are projected forward, the cross that triggers this signal will be 26 days ahead of the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal (not the trigger) to the Kumo (Cloud).
A bullish signal occurs when the Senkou Span A crosses from below to above the Senkou Span B. The strength of the signal is defined as follows:
- A weak bullish signal occurs if the current price is below the Kumo.
- A neutral bullish signal occurs if the current price is inside the Kumo.
- A strong bullish signal occurs if the current price is above the Kumo.
A bearish signal occurs when the Senkou Span A crosses from above to below the Senkou Span B. The strength of the signal is defined as follows:
- A weak bearish signal occurs if the current price is above the Kumo.
- A neutral bearish signal occurs if the current price is inside the Kumo.
- A strong bearish signal occurs if the current price is below the Kumo.
Chikou Span Cross
The Chikou Span Cross signal occurs when the Chikou Span (Lagging line) rises above or falls below the price. Note that the Chikou Span must be rising when it crosses to above the price for a bull signal and falling when it crosses to below for a bear signal; just crossing the price alone is not sufficient to trigger the signal. As the Chikou Span is the closing price shifted into the past, the cross that triggers this signal will be 26 days behind the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal (not the trigger) to the Kumo (Cloud).
A bullish signal occurs when the Chikou Span rises from below to above the price. The strength of the signal is defined as follows:
- A weak bullish signal occurs if the current price is below the Kumo.
- A neutral bullish signal occurs if the current price is inside the Kumo.
- A strong bullish signal occurs if the current price is above the Kumo.
A bearish signal occurs when the Chikou Span falls from above to below the price. The strength of the signal is defined as follows:
- A weak bearish signal occurs if the current price is above the Kumo.
- A neutral bearish signal occurs if the current price is inside the Kumo.
- A strong bearish signal occurs if the current price is below the Kumo.
Please also not ethe following important settings:
- Every signal is generated with the closing price of a candle.
- The indicator must work on every timeframe
- The settings for the Ichimoku (9,26,54) must be editable
You can find the same description plus images here again: http://www.ichimokutrader.com/signals.html
If you have questions please do not hesitate to contact us.
Kind regards,
Carambajoe