The ichimoku indicator, as invented by Goichi Hosoda. It
has five components. The turning line is the average
of the highest high and highest low of the past nFast
periods. The base line is computed the same way over
the course of nMed periods. Span A is the average of
the above two calculations, projected nMed periods into
the future. Span B is the average of the highest high
and lowest low over the past nSlow periods, also
projected the same way. Finally, the lagging span is
the close, projected backwards by nMed periods.
Usage
ichimoku(HLC, nFast = 9, nMed = 26, nSlow = 52)
Arguments
HLC
an HLC time series
nFast
a fast period of days, default 9
nMed
a medium period of days, default 26
nSlow
a slow period of days, default 52
Value
The first four computations (turning line, base line,
span A, span B), plotSpan (do NOT use this for
backtesting, but for plotting), laggingSpan, and a lagged
Span A and lagged Span B for comparisons with the lagging
span, as per Ichimoku strategies.