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@@ -13,9 +13,7 @@
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| **PineScript** | [ichimoku.pine](ichimoku.pine) |
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- Ichimoku Kinko Hyo ("One Glance Equilibrium Chart") is a comprehensive trend-following system that provides five distinct components revealing tren...
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- Parameterized by `tenkanperiod`, `kijunperiod`, `senkoubperiod`, `displacement`.
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- Output range: Varies (see docs).
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- Requires `maxPeriod` bars of warmup before first valid output (IsHot = true).
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- **Similar:** [Alligator](../alligator/Alligator.md), [AMAT](../amat/Amat.md) | **Complementary:** Volume for cloud breakout confirmation | **Trading note:** Five-line system: Tenkan, Kijun, Senkou A/B, Chikou. Cloud defines support/resistance zones.
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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Ichimoku Kinko Hyo ("One Glance Equilibrium Chart") is a comprehensive trend-following system that provides five distinct components revealing trend direction, momentum, support/resistance levels, and potential future price zones simultaneously. The Tenkan-sen and Kijun-sen are midpoints of high-low ranges at different timescales (not moving averages of closes). Senkou Span A and B form the "cloud" (Kumo) — a projected equilibrium zone displaced forward in time. Chikou Span is simply the current close displaced backward. All components use sliding window min/max arithmetic, producing step-function behavior on breakouts rather than the smooth curves of EMA-based systems. The system requires OHLC bar input.
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@@ -148,4 +146,4 @@ Three independent window extremum computations can be parallelized. The midpoint
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- Hosoda, G. — *Ichimoku Kinko Hyo* (7-volume series, Tokyo, 1969)
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- Patel, M. — *Trading with Ichimoku Clouds* (John Wiley & Sons, 2010)
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- Elliott, N. — *Ichimoku Charts: An Introduction* (Harriman House, 2007)
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- PineScript reference: `ichimoku.pine` in indicator directory
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- PineScript reference: `ichimoku.pine` in indicator directory
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