Ichimoku Kumo Relative Size and Multi-Currency Indicator Updates

Summary

This post presents a modified Ichimoku Kinko Hyo indicator intended for automated trading across multiple currency pairs, while remaining usable by manual traders and single-pair systems. It describes retrieving the standard Ichimoku lines and cloud spans at a specified bar shift, alongside additional outputs for implied cloud volatility, cloud shape, and bullish or bearish sentiment. A magic-number parameter is included in the updated function usage, and the post notes that an include file is required.

The stated implementation change is to calculate only after a new bar completes, reducing repeated work on every tick. It also introduces a relative cloud-size measure to make descriptions such as thick or thin more objective by comparing cloud thickness with its own history. The post explains intended behavior and usage, but supplies no trading rules, performance results, or validation of the added measures. Its discussion is specific to an indicator implementation rather than a tested strategy.

Key ideas

• The modified Ichimoku function returns indicator lines and cloud spans at a chosen bar shift.
• Additional outputs describe implied cloud volatility, cloud shape, and market sentiment.
• The implementation is designed to update on completed bars to reduce per-tick computation.
• Relative cloud sizing compares current Kumo thickness with its own values over a selected period.
• The post documents intended usage but provides no strategy evaluation or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.