I am trying to build a custom strategy using the Ichimoku cloud indicator (downloaded from Ichimoku Cloud Indicator NT8 - NinjaTrader Ecosystem). My problem is that the cloud region and the Leading Span A and Leading Span B are displaced. You can fix that by setting displacement to 26, but it pushes all the plots. When using this inside a strategy, it is not easy to handle the displacement.
As I understand, displacement is only visual impact and not the actual values. But this is critical when visualizing the results in the chart.
Can anyone help with the following information?
1) How to set the displacement for Leading Span A and Leading Span B alone?
2) How to make sure the chart is displayed properly in the strategy analyzer. Currently setting the Cloud displacement property to 26 doesn't help.
3) By default, which plots are displaced?
4) Why there is no proper documentation for this indicator?
When using this in strategy, I have been advised to use the 26 period look back. i.e. to check whether the Close[0] has touched the cloud, I have to check like this.
if (Close[0] >= this.SenkouSpanB[26]) {
do something..
}
What about Conversion Line and Base line? Do we have to do same thing?
This indicator is one of the top used indicators. Can you please add this to NJ8 standard list of indicators with proper help and documentation?
I would appreciate your help.
Thanks,
Samb
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