ChikouSpan

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Description

The ChikouSpan formula renders the Chikou Span lagging indicator in the Ichimoku Kinko Hyo study.

 

 

Formula

ChikouSpan(INPUT, ShiftBack=26)=begin

  thisShift = -(ShiftBack)

  retval = SAVG($1, 1, thisShift)

end

 

 

Parameters

INPUT

The INPUT directive makes this formula available as a Formula Overlay. INPUT refers to the instrument in the chart.

 

ShiftBack

The Chikou Span line is the last price shifted back 26 periods. The ShiftBack parameter enables you to adjust the number of periods to shift the last price back. The default value is 26.

 

 

Return Value

A Chikou Span value

 

 

Examples

See, Ichimoku Kinko Hyo

 

 

Comments

NA

 

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