Hi:

Is it possible to scan for the Lagging Span line crossing up/down the historical price?   Do I need to add another formula?

Thanks in advance!

Lagging Span is just price from 26-bars in the future.

It is not possible to write a PCF for the Lagging Span where it is plotted because the Personal Criteria Formula Language does not have syntax for negative offsets.

If you shifted this 26-bars into the future to plot the most recent available value of the Lagging Span it would just be a PCF for the current price:

C

A Condition Formula for the most recent Lagging Span crossing up price would be the same as the formula for the current price crossing up through the price of 26-bars ago:

C > C26 AND C1 <= C27

The crossing down formula would reverse the > and < signs:

C < C26 AND C1 >= C27

Great, thanks Bruce.  Will this show a new cross up or down or will this show only if current price is higher or lower than price 26 bars ago?  If only showing current price above/below 26 bars back, how could I show a new crossover?  This might already do that.

thanks so much

It shows a cross C > C26 section is checking to see if the current price is above where it was 26-bars ago while the C1 <= C27 portion is check to see if the prior price was at or below where it was 27-bars ago (C27 is 26-bars prior to C1).

Got it.  What would formula be if I just wanted to show above/below instead of a crossing?

You just wouldn't check for the prior bar (you would skip the second half of the formulas). So the above would be:

C > C26

And the below would be:

C < C26

perfect, thanks Bruce!

So is it NOT possible to use the Lagging span either in a "Create Scan Condition" since there are NO Lagging Spans even notated in the "Create Scan Condition" menu?  seems like its incomplete.

When you Create Scan Condition, it is creating conditions for the current bar only. Lagging Span does not have a value for the current bar. Its most recent value is plotted 26 bars ago.

The Lagging Span of 26 bars ago is just the current price. This means we can take the Indicator Formulas for all of the other Ichimoku Cloud indicators:

Conversion (Tenkan-Sen):

(MAXH9 + MINL9) / 2

Base Line (Kijun-Sen):

(MAXH26 + MINL26) / 2

Leading Span A (Senkou Span A):

(MAXH9.26 + MINL9.26 + MAXH26.26 + MINL26.26) / 4

Leading Span B (Senkou Span B):

(MAXH52.26 + MINL52.26) / 2

And add 26 to all of the bars ago parametrs to get the values of these indicators 26 bars ago:

Conversion (Tenkan-Sen):

(MAXH9.26 + MINL9.26) / 2

Base Line (Kijun-Sen):

(MAXH26.26 + MINL26.26) / 2

Leading Span A (Senkou Span A):

(MAXH9.52 + MINL9.52 + MAXH26.52 + MINL26.52) / 4

Leading Span B (Senkou Span B):

(MAXH52.52 + MINL52.52) / 2

If we use these Indicator Formulas as the Formulas in Custom PCF Indicators in the same pane and scale as Price History, we can then click on Price History and select Create Scan Condition to create conditions for Price History compared to these Custom PCF Indicators. This is the same as comparing Lagging Span to the values of the other Ichimoku Cloud indicators at the point where Lagging Span is most recently plotted.

AHA I knew you could do it.... Been watching your wonderousness for years... Thanx for the great explanation.... I Can Do This.. !

ok

SO how do I access all scans using ALL of the ichimoku indicators?

It seems when I use one (ie. LagLine) it Doesnt show the Other indicators to "SHOW" themselves like in All the other scans... It only show the price history... as if price is the only indicator to scan ''with''...

So can I actually Scan for when Span A crosses up Span B    AND Vice Versa? 

or no?

thanx

You can create conditions using Create Scan Condition for all of the indicators in the Ichimoku Cloud besides Lagging Span by adding an Ichimoku Cloud indicator and clicking on it to select Create Scan Condition.

You do not need to add any Custom PCF Indicators to the chart to use Create Scan Condition if you are not making a condition involving Lagging Span.

To create conditions using Create Scan Condition that include Lagging Span, you would create Custom PCF Indicators in the same pane and scale as Price History for the Conversion, Base Line, Leading Span A and/or Leading Span B at the point where Lagging Span was most recently plotted (the formulas are given in my Friday, September 06, 2013 9:25:24 AM ET post).

Then you would click on Price History and select Create Scan Condition to compare it to the Custom PCF Indicator for the Ichimoku component of interest from 26 bars ago.

The reason this works is that the current value of Price History is the same as the Lagging Span value of 26 bars ago.

If the Custom PCF Indicator is not appearing on the list when you click on Price History and select Create Scan Condition, the most likely reason would be that you have not plotted the Custom PCF Indicator in the same pane and scale as Price History. If it is not in the same scale and pane, you cannot make the comparison using Create Scan Condition in TC2000 version 12.3.

Make sure you are choosing to plot the Custom PCF Indicator in the same scale as Price History when you add it to or overlay it with the Price History pane.

Adding and Moving Indicators