Reading Ichimoku Candle Signals Across Ten Timeframes

Summary

This indicator displays the colors and signal shapes produced by a separate Ichimoku candle indicator across ten configurable timeframes, ranging from hourly to monthly by default. It lets a trader compare trend conditions across several horizons on one chart. Squares represent continuation of a trend, while circles mark a trend change. A configurable bar determines which candle supplies each timeframe’s signal.

The document describes the display and input settings, including the Kijun parameter and visual options for colors, font, and placement. It gives no trading rules, performance evidence, or guidance on interpreting agreement or disagreement between timeframes. The indicator also depends on a separate compiled candle indicator being installed in the platform’s indicator folder, so it is a visualization aid rather than a standalone strategy.

Key ideas

• The indicator shows Ichimoku candle colors across ten configurable timeframes.
• Squares indicate trend continuation, while circles indicate a trend change.
• A bar input selects which candle is used to produce the displayed signal.
• The tool requires a separate Ichimoku candle indicator to be installed.

Tags

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