Ichimoku Tradestation

NOTE: If you have an earlier version of Tradestation, the ELD provided below WILL NOT work.

Here are the instructions for adding the Ichimoku indicator for Tradestation:

1. Download the ELD from the following link: TradestationIchimokuELD.
   
   
2. Unzip (uncompress) the file in a location you will remember.
   
   
3. Click on the uncompressed file. Once you click on it, it will automatically start to import into tradestation. Follow the instructions to import the file.
   
   
4. Once the file is imported, it will show up on the tradestation indicator list as "EII Capital Ichimoku".
   
   
5. Open a new Chart and add the indicator.
   
   
6. If the indicator shows up as a separate indicator window then go the Ichimoku indicator and then right mouse click on it. Once you right mouse click on the indicator, there should be an option that says "Axes Scaling". Choose this option and then the option "Sames as the underlying Data". This will put the Ichimoku indicator on the same graph as price.
   
   
7. If you are using Candlesticks, the chart will look really messed up. As a result, you need to do the following: Choose View from the menu bar. Once you click on "View", select "Chart Analysis Preferences". After this has been chosen, a menu will appear with a couple of tab options. Choose the "General" tab and find the option that says "When a study paints a candlestick bar. paint the body and the wick". Make sure this option is NOT checked. Once that is done, click "Ok".
   
   
8. Now, we will setup the Kumo future cloud so it shows 26 bars into the future. To do that, right mouse click on a blank area on the chart. Choose the option "Format Window". Once that menu appears, choose the "General" tab. In this tab, find the Chart Properties "Space to the Right". Insert the value "27" without the double quotes. This will show 27 bars after the current bar so the Kumo future cloud will be shown.
   
   
9. We are now going to setup the rest of the Ichimoku indicator. Please follow the instructions below:

a. Right mouse click on the Ichimoku indicator and choose "Format EII Capital Ichimoku".

 

b. Choose the Inputs tab and change the following values:

1. Positive = "yellow" without the quotes

2. Negative = "red" without the qutoes

c. Choose the Style Tab and change the following values

1. SA should be of Type=Bar High and Style= ---------

2. SB should be of Type=Bar Low and Sytle= ----------

d. Choose the Color Tab and change the following values:

1. TS = red

2. KS = bright green

3. CS = bright purple

4. SA = skype blue

5. SB = red

6. SAC = dark blue (this is the color of Senkou Span A)

7. SBC = white (this is the color of Senkou Span B)

e. Click "Ok"