Ichimoku all signals

The Ichimoku all signals indicator provides a customizable framework for identifying entry, exit, and trend confirmation points based on the Ichimoku Kinko Hyo system. It allows traders to isolate specific component interactions—such as Tenkan-Sen/Kijun-Sen crossovers or Senkou Span breakouts—to align the cloud's comprehensive data with their specific trading strategies.

Usage

The script is designed to be a modular signaling tool where users can toggle different signal logic on or off. By selecting specific components (Conversion Line, Base Line, Lead 1, Lead 2, or Close) and operators (crossover, crossunder, greater than, or less than), you can define custom triggers.

Examples of common signals configured with this tool include:

• TK Crossover: Detecting when the Conversion Line (Tenkan-Sen) crosses the Base Line (Kijun-Sen).
• Kumo Breakouts: Identifying when price breaks through the cloud boundaries (Lead 1 and Lead 2).
• Price/Base Line Cross: Signaling when price moves across the Kijun-Sen for trend confirmation.
• Custom Conditions: Setting comparisons like "Close > Lead 1" to filter for bullish environments.

Details

The indicator calculates the five primary components of the Ichimoku system:

1. Conversion Line (Tenkan-Sen): Midpoint of the 9-period high/low.
2. Base Line (Kijun-Sen): Midpoint of the 26-period high/low.
3. Lead 1 (Senkou Span A): Midpoint of the Conversion and Base lines, projected forward.
4. Lead 2 (Senkou Span B): Midpoint of the 52-period high/low, projected forward.
5. Lagging Span (Chikou Span): Closing price projected backward.

The script's flexibility comes from its ability to treat these components as variables in a user-defined logic gate, allowing for over 80 possible signal combinations including specific "Cloud Breakout" logic for both bullish and bearish reversals.

Settings

Signal Blocks (1-4)

• Visibility Toggle: Enables or disables the specific signal on the chart.
• Source 1: Select the primary component (e.g., Conversion Line).
• Operator: Choose the logic (crossover, crossunder, >, <).
• Source 2: Select the comparison component (e.g., Base Line).

Ichimoku Parameters

• Conversion Line Length: The period for the Tenkan-Sen calculation (Default: 9).
• Base Line Length: The period for the Kijun-Sen calculation (Default: 26).
• Lagging Span 2 Length: The period for the Senkou Span B calculation (Default: 52).
• Displacement: The number of periods to project the cloud forward and the lagging span backward (Default: 26).

FAQ

How do I access Ichimoku all signals?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I set alerts for specific crossovers?

Yes, the indicator includes alert conditions for each of the four signal slots as well as a master "Any Signal" alert that triggers when any active criteria are met.

What is the difference between a crossover and a ">" signal?

A "crossover" signal only triggers on the exact bar where the two lines cross, whereas the ">" (greater than) operator will provide a continuous signal as long as the first source remains above the second.