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Charting and Studies User Guide - CQG.com

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Page 271<br />

Imoku:3 (MaxPer(High, Period3) + MinPer(Low, Period3))/2. It is same as Imoku1 but with<br />

different period <strong>and</strong> displayed with offset. Default value for Period3 is 52; default<br />

offset is 26 bars into the future.<br />

Imoku:4 MovingAverage4((Imoku1+Imoku2)/2, Period4). It is a moving average of average<br />

of the first <strong>and</strong> the second outputs, which is displayed with offset. The simple (by<br />

default), smooth, exponential, weighted, or centered moving average can be used.<br />

The default period of moving average is 1 <strong>and</strong> default offset is 26 bars into the<br />

future.<br />

Imoku:5 MovingAverage5(Input5, Period5). It is a moving average of price, selected by a<br />

user (Close by default), which is displayed with offset. The simple(by default),<br />

smooth, exponential, weighted, or centered moving average can be used. The<br />

default period of moving average is 1 <strong>and</strong> default offset is 26 bars into the past.<br />

For further information, see:<br />

Elliott, Nicole. Ichimoku Charts: An introduction to Ichimoku Kinko Clouds. Harriman House,<br />

2007.<br />

This site describes a similar implementation of this study:<br />

http://www.fxwords.<strong>com</strong>/u/ichimoku-cloud.html.<br />

<strong>Charting</strong> <strong>and</strong> <strong>Studies</strong> <strong>User</strong> <strong>Guide</strong>

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