chinkou histogram indicator mq4
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newdigital
5. Chikou Span - Lagging line
The closing price plotted 26 days behind.
The Chikou Span, also known as the Lagging line, is the closing price plotted 26 trading days behind, i.e. into the past, providing an at-a-glance view of how the price compares to that 26 days ago.
The trend is deemed to be upward when the Chikou Span is above the closing prices and downward when it is below them. The relationship is not always clear when looking at historical data, but becomes more obvious when looking at current charts.
The Chikou Span is also considered of use for confirmation of trends, momentum, and support and resistance levels highlighted by the other Ichimoku elements.
is it possible chinkou component change become an histogram indicator. if chinkou cross up and close above high 26 candle before current price it's GREEN histogram and if chinkou cross down and close below high 26 candle before current price it's RED histogram in indicator windows. But if chinkou price between HIGH and LOW the color of histogram must be GREY.