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Hi :) Im trying to implement the Ichimoku method. And I wonder why the Chikou is projectet into the future its supposed to go into the past.
I know its supposed to be the closing price projected back in the past. but 26 days. But it seems to do the oppsosite.
I guess i could just store the closing price from 26 days ago and insert that inthe chart. Am I using the method wrong?
thanks
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Derek Melchin
Hi Martin,
The Chikou span is indeed the closing price lagged by 26 days. See the attached backtest for reference.
As seen in the image below, the Ichimoku cloud has other internal features that are plotting ahead of the price.
[img source]
We can't plot these as our charting software doesn't support this functionality.
Best,
Derek Melchin
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Martin etellerandet
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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