Ichimoku Kinko Hyo draws the five Ichimoku lines and reads them for you: how many of the three Sanyaku checks are met, at what price that changes, and which line matters now.

How it works

• Standard lengths 9, 26 and 52. The cloud is drawn 26 bars ahead and the Lagging Span 26 bars back.
• The three checks: price above the cloud, price above the bar 26 bars ago (the Lagging Span), and the fast line (Conversion Line) above the slow line (Base Line). Sanyaku Kouten means all three are bullish, Sanyaku Gyakuten all three bearish. Checked on the last closed bar by default.
• The Conversion Line, Base Line or Lagging Span is drawn thicker when it matters now: a Base Line that price keeps bouncing off, a Conversion Line clearly away from the Base Line, or a Lagging Span close to the candles. Distances are measured in ATR, so the result is the same on every symbol.
• Price targets follow Ichimoku's price theory. From the latest swing A → B → C (up, pullback, up again, or the reverse): V = B + (B − C), N = C + (B − A), E = B + (B − A), NT = C + (C − A). The main target is N when the pullback B to C is less than half of A to B, otherwise V.
• Time cycle: the next bar that falls a basic Ichimoku number of bars (9, 17, 26, 33, 42, 51, 65, 76, 83, 97, 129, 226) after the last swing high or low.

On the chart

• Arrows labeled Sanyaku Kouten and Sanyaku Gyakuten on the bar where all three checks line up.
• A line at the price where Sanyaku Kouten or Gyakuten would start, or where the current one would end, for example "Sanyaku Kouten ends below 156.420".
• The A-B-C swing and the four price targets, each starting from the point it is measured from.
• One vertical line on the next time cycle, for example "Time cycle 33".

Panel

• Buttons show or hide the Conversion Line, Base Line, cloud, Lagging Span, Sanyaku (arrows and levels) and price targets.
• Open the panel with + to read the three checks, the Sanyaku levels, the state on four other timeframes (M15, H1, H4 and D1 by default), how thick the cloud is compared with its average, the Base Line direction, and the bars to the next time cycle and cloud twist.

Alerts

Popup, sound, push notification and email. Choose which events alert you: Sanyaku only, + 2 of 3, + cloud breakout, or all (+ time cycle). Off by default.

Notes

• A swing high (low) is a bar whose high (low) is the highest (lowest) of the 12 bars on each side. Swings smaller than 0.8 × ATR are ignored, so a new swing appears 12 bars after it forms.
• If you change the lengths, the readings no longer match other traders' Ichimoku.
• A charting tool, not financial advice.