Modern Ichimoku Cloud [GBB]
Modern Ichimoku Cloud [GBB]
A layered rebuild of the classic Ichimoku Kinko Hyo system. The five lines and the cloud are untouched: Tenkan, Kijun, Senkou A/B and Chikou still use Hosoda's original 9/26/52/26 constants, because that time theory is the point of Ichimoku, not a parameter to optimize away. What's new is everything built around those lines: objective measures of cloud thickness, signal qualification, and reusable support/resistance levels pulled straight out of the indicator's own geometry.
Turn on Classic mode and it's a plot-for-plot standard Ichimoku Cloud.
I added 4 optional Layers to the indicator to make it more suitable for modern markets:
Layer 1 — Normalised geometry
Cloud thickness and price-to-cloud distance are measured in ATR units and graded against a rolling percentile window (thin / normal / thick / very thick), so "thick cloud" means the same thing on BTC and on a forex pair instead of being a visual guess. The cloud's fill transparency follows the projected-thickness grade in real time, and an on-chart label reports the current grade plus price and Chikou distance from the cloud in ATR terms.
Layer 2 — Qualified signals
TK crosses and Kumo breakouts are still plotted raw, but a qualified version requires candle direction, a minimum price-to-cloud distance, and confirmed Chikou momentum (all in ATR units) to agree before a signal counts, with an optional higher-timeframe cloud-agreement filter. Qualified events get full-size markers; unqualified ones stay visible as small grey dots so you can see what got filtered and why, rather than the indicator just going quiet.
Layer 3 — Flat-line levels
When Kijun or Senkou B goes flat for a minimum run of bars, that level is drawn forward as a persistent line which is the classic "Kijun as support/resistance" read, made explicit and trackable instead of eyeballed. Levels are tracked as live, touched, or expired (by age, in multiples of the Kijun length), with a touch tolerance in ATR.
Layer 4 — HTF wash & stats
A higher-timeframe cloud position (auto: 4x chart, or set manually) tints the chart background so you can see the dominant trend context at a glance. An optional stats table reports running hit rates for qualified signals at two horizons, a forward-range multiple, and level touch rates — computed live from loaded bars, not backtested, and reset on any settings change or reload.
Alerts
Qualified TK cross (bull/bear), qualified Kumo breakout (up/down), Kumo twist (bull/bear, projected cloud), and flat-level touch. All fire on confirmed bars only.
Style
Three palettes (GBB, Classic, Mono) with automatic light/dark adaptation.
As with all [GBB] tools: the stats table shows running performance on the chart in front of you, not a backtest, and carries no trading costs or slippage. Use it to see what the indicator is actually doing, not as a signal to trade on its own.
A layered rebuild of the classic Ichimoku Kinko Hyo system. The five lines and the cloud are untouched: Tenkan, Kijun, Senkou A/B and Chikou still use Hosoda's original 9/26/52/26 constants, because that time theory is the point of Ichimoku, not a parameter to optimize away. What's new is everything built around those lines: objective measures of cloud thickness, signal qualification, and reusable support/resistance levels pulled straight out of the indicator's own geometry.
Turn on Classic mode and it's a plot-for-plot standard Ichimoku Cloud.
I added 4 optional Layers to the indicator to make it more suitable for modern markets:
Layer 1 — Normalised geometry
Cloud thickness and price-to-cloud distance are measured in ATR units and graded against a rolling percentile window (thin / normal / thick / very thick), so "thick cloud" means the same thing on BTC and on a forex pair instead of being a visual guess. The cloud's fill transparency follows the projected-thickness grade in real time, and an on-chart label reports the current grade plus price and Chikou distance from the cloud in ATR terms.
Layer 2 — Qualified signals
TK crosses and Kumo breakouts are still plotted raw, but a qualified version requires candle direction, a minimum price-to-cloud distance, and confirmed Chikou momentum (all in ATR units) to agree before a signal counts, with an optional higher-timeframe cloud-agreement filter. Qualified events get full-size markers; unqualified ones stay visible as small grey dots so you can see what got filtered and why, rather than the indicator just going quiet.
Layer 3 — Flat-line levels
When Kijun or Senkou B goes flat for a minimum run of bars, that level is drawn forward as a persistent line which is the classic "Kijun as support/resistance" read, made explicit and trackable instead of eyeballed. Levels are tracked as live, touched, or expired (by age, in multiples of the Kijun length), with a touch tolerance in ATR.
Layer 4 — HTF wash & stats
A higher-timeframe cloud position (auto: 4x chart, or set manually) tints the chart background so you can see the dominant trend context at a glance. An optional stats table reports running hit rates for qualified signals at two horizons, a forward-range multiple, and level touch rates — computed live from loaded bars, not backtested, and reset on any settings change or reload.
Alerts
Qualified TK cross (bull/bear), qualified Kumo breakout (up/down), Kumo twist (bull/bear, projected cloud), and flat-level touch. All fire on confirmed bars only.
Style
Three palettes (GBB, Classic, Mono) with automatic light/dark adaptation.
As with all [GBB] tools: the stats table shows running performance on the chart in front of you, not a backtest, and carries no trading costs or slippage. Use it to see what the indicator is actually doing, not as a signal to trade on its own.
The Good, the Bad and the Bitcoin — No hype, just data.
Free indicators & honest backtests: youtube.com/@TheGoodTheBadAndTheBitcoin
Free indicators & honest backtests: youtube.com/@TheGoodTheBadAndTheBitcoin
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
The Good, the Bad and the Bitcoin — No hype, just data.
Free indicators & honest backtests: youtube.com/@TheGoodTheBadAndTheBitcoin
Free indicators & honest backtests: youtube.com/@TheGoodTheBadAndTheBitcoin
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.