Scoring Ichimoku Trend Direction with Ten Price Conditions

Summary

The document describes an Ichimoku-based indicator that scores bullish and bearish conditions separately. Its ten checks compare the close with the conversion line, base line, and cloud boundaries, include comparisons with lagged indicator values, and assess the conversion line against the base line. Each satisfied condition adds to the bullish count or subtracts from the bearish count; the indicator displays the counts as markers around the price.

The intended use is to summarize directional alignment across Ichimoku components and time offsets, rather than provide a complete trading system. The document cautions that the gauge does not replace technical analysis. It supplies indicator logic but no backtest, performance evidence, entry or exit rules, or risk controls, so the score should be treated as a descriptive trend filter whose trading value remains untested in the provided material.

Key ideas

• The indicator counts ten bullish and ten bearish comparisons based on Ichimoku components and lagged prices.
• A higher bullish count indicates more conditions with price above reference levels, while bearish checks count conditions in the opposite direction.
• The conversion line and base line relationship contributes an additional directional condition.
• The plotted markers visualize the counts around price for a quick view of alignment.
• The document offers no performance testing or risk rules and says the indicator should not replace broader analysis.

Tags

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