Ichimoku Kinko Hyo Status Checker for MT4/MT5 (Titan_ichimoku_alert)
Indicator Overview
Ichimoku Kinko Hyo Indicator on Sub-Chart
Specifically, you can check four key aspects:
・The relationship between the Conversion Line and the Base Line ・The position of the closing price relative to the Cloud ・The position of the Lagging Span relative to past prices ・The occurrence of Bullish or Bearish Three-Line formations
【Example of indicator display (Ichimoku Kinko Hyo is not displayed)】
① Conversion Line and Base Line Status
This displays the relationship between the Ichimoku Kinko Hyo Conversion Line and Base Line at the top of the sub-chart.
When the Conversion Line is above the Base Line (bullish condition), it is shown in lime green, and when below (bearish condition), it is shown in red. If they are equal, it displays in gray.
【Display example for Conversion and Base Lines】
② Closing Price and Cloud Status
The second section from the top displays the position of the closing price relative to the Cloud.
When the price is above the Cloud (bullish condition), it shows in lime green, below the Cloud (bearish condition) in red, and within the Cloud in gray.
【Display example of Closing Price and Cloud Status】
③ Lagging Span and Past Price Status
The third section from the top shows the position of the Lagging Span relative to past prices.
When the Lagging Span is above past prices (bullish condition), it displays in lime green, below (bearish condition) in red, and at the same price in gray.
【Display example of Lagging Span and Past Price Status】
④ Bullish and Bearish Three-Line Formation Status
The Ichimoku Kinko Hyo describes a "Bullish Three-Line Formation" when the conditions mentioned above are all bullish, and a "Bearish Three-Line Formation" when they are all bearish, indicating strong trend momentum.
The indicator displays the occurrence of these conditions at the bottom section: lime green for Bullish Three-Line, red for Bearish Three-Line, and gray otherwise.
【Display example of Bullish and Bearish Three-Line Formation Status】
※ This indicator only operates on TitanFX's Windows versions of MT5 and MT4.
Indicator Terms of Use
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1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Indicator Settings
Inputs (MT5) and Parameter Inputs (MT4)
| Variable Name | Description | Default |
|---|---|---|
| Tenkan-sen | Specifies the period for calculating the Conversion Line. | ９ |
| Kijun-sen | Specifies the period for calculating the Base Line. | 26 |
| Senkou SpanB | Specifies the period for calculating Leading Span B. | 52 |
| Font color | Specifies the color of the text displayed on the indicator. | White |
| Line color | Specifies the color of the lines that divide the three sections on the sub-chart. | White |
| Alert:Tenkan vs Kijun | Set to true to alert when the closing price crosses the Conversion or Base Line, indicating a bullish or bearish transition. | true |
| Alert: Price vs Cloud | Set to true to alert when the closing price breaks above (bullish) or below (bearish) the Cloud. | true |
| Alert: Chikou vs Price | Set to true to alert when the Lagging Span breaks above (bullish) or below (bearish) past prices. | true |
| Alert: Sanyaku | Set to true to alert when either a Bullish or Bearish Three-Line Formation occurs. | true |
Colors (MT5) and Color Settings (MT4)
| MT5 | MT4 | Description |
|---|---|---|
| 0 | 0 | Color when the Conversion Line is above the Base Line |
| 1 | 1 | Color when the Conversion Line and Base Line are equal |
| 2 | 2 | Color when the Conversion Line is below the Base Line |
| 3 | 3 | Color when the closing price is above the Cloud |
| 4 | 4 | Color when the closing price is within the Cloud |
| 5 | 5 | Color when the closing price is below the Cloud |
| 6 | 6 | Color when the Lagging Span is above past prices |
| 7 | 7 | Color when the Lagging Span and past prices are equal |
| 8 | 8 | Color when the Lagging Span is below past prices |
| 9 | 9 | Color for Bullish Three-Line Formation |
| 10 | 10 | Color when conditions are not aligned |
| 11 | 11 | Color for Bearish Three-Line Formation |
| 12 | 12 | Not used. |