Ichimoku Time, Wave, and Price Theory Visualization

Summary

This indicator extends standard Ichimoku charting with tools for examining time cycles, swing structure, waves, and projected price targets. It plots the Ichimoku lines and cloud, detects swing highs and lows, and lets users define time-cycle events using Tenkan or Kijun crosses, cloud changes, pivots, or selected wave patterns. Time forecasts can follow either Kihon Suchi or Taito Suchi patterns and use a chosen prior cycle as their anchor.

The script also identifies basic and complex wave formations and draws associated horizontal targets, with controls for which formations and target types to display. Swing confirmation length, Ichimoku periods, cycle mode, and display limits are configurable. The document describes indicator functionality and implementation, but presents no trading rules, performance testing, or evidence that projected cycles and targets predict future prices. Pivot confirmation and the chosen settings affect what appears on the chart, so the visuals are analytical aids rather than validated forecasts.

Key ideas

• The indicator overlays Ichimoku lines and cloud with swing, time-cycle, wave, and price-target analysis.
• Time-cycle events can be based on Ichimoku crosses, cloud changes, swing pivots, or selected wave types.
• Users can choose between Kihon Suchi and Taito Suchi patterns for time-cycle forecasts.
• Wave and target displays are configurable, including basic and complex formations.
• The document explains charting features but provides no strategy rules or evidence of predictive performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.