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Visualizing Ichimoku Crosses and Flat Line Patterns on Price Charts

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Summary

This document presents a chart indicator for marking selected Ichimoku events directly on the price chart. It calculates the Tenkan-sen, Kijun-sen, and the two Senkou spans, then uses symbols to identify periods when Tenkan-sen and Kijun-sen remain equal for consecutive candles, when those lines cross, and when the Senkou spans cross (an Ichimoku cloud twist). Display options let users enable or disable these event markers and alter their appearance.

The material is primarily an implementation and visualization aid intended to complement another Ichimoku workspace. It describes the calculations and marker logic, but gives no entry or exit rules, backtest, or evidence that the highlighted patterns are profitable. It also notes that correctly displaying flat Kijun-sen and Senkou Span B regions remains a task for future development, so the plotted features are not a complete visualization of the system.

Key ideas

  • The indicator calculates Tenkan-sen, Kijun-sen, and both Senkou spans for chart display.
  • It marks Tenkan-sen and Kijun-sen crosses with symbols.
  • It identifies short runs where the Tenkan-sen and Kijun-sen values are equal.
  • It marks crossings between the Senkou spans as cloud twists.
  • The document describes visualization logic, not a tested trading strategy.

Tags

Technical indicatorsTrend followingForex

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