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Ichimoku Equilibrium Distance (Kijun/Tenkan)

Ichimoku Equilibrium Distance (Kijun/Tenkan)

Ichimoku Equilibrium Distance (Kijun/Tenkan) is a conservative Ichimoku-internal context indicator that visualizes how far price is extended away from the core equilibrium lines:

Kijun-Price Distance (Close − Kijun)
Tenkan-Price Distance (Close − Tenkan)
Tenkan-Kijun Distance (Tenkan − Kijun)

The focus is on equilibrium, extension, and context — not on “magic signals”.
All calculations are derived from Ichimoku components only (no RSI/ATR filters).

Concept

In Ichimoku, Kijun-sen and Tenkan-sen are often treated as dynamic equilibrium references.
When price is close to them, the market is often in a more balanced state.
When price is far away, the market is extended — which can matter for:

avoiding “chasing” in trends
spotting stretched conditions before pullbacks / mean reversion
gauging trend pressure and acceleration phases

This script makes the “distance to equilibrium” visible in a clean oscillator-style panel.

Core Features

1) Distance Lines (Ichimoku-internal)
Optional plotting of:

Price − Kijun distance
Price − Tenkan distance
Tenkan − Kijun distance

2) Conservative Normalization Modes
Distances can be displayed as:

Raw (price units)
% of Price (cross-market comparable)
% of Ichimoku Range (Highest−Lowest of the Ichimoku window; no ATR)

3) Background Context (Current or Higher TF)
Optional background shading for quick bias reading:

Current timeframe background
Next higher timeframe background (mapped conservatively)

4) Confluence Background (Optional)
A single background layer with dynamic opacity:

Stronger opacity = stronger agreement between selected Ichimoku distance sources
You can choose which sources contribute to confluence (independent from line plots)

5) Alerts & Markers (Optional)
Classic Ichimoku relationships as selectable signals:

Price crosses Kijun
Price crosses Tenkan
Tenkan crosses Kijun (TK/KJ cross)

These are explicit Ichimoku meanings (not re-branded “new” signals).

6) MTF Histogram (Current Close vs HTF Kijun)
Optional histogram “tags” showing:

Close − 4H Kijun
Close − D Kijun
Close − W Kijun
Close − M Kijun

Useful to see extension relative to higher timeframe equilibrium.

How To Use (Ambitious Beginners)

A) Learn equilibrium behavior
Start with one line:

Enable Kijun-Price Distance
Watch how often price re-centers toward Kijun after large extensions

Goal: understand equilibrium pull, not force reversal trades.

B) Avoid chasing
In trends, entries often fail because traders buy/sell while price is already stretched.
Use distance as a simple checklist:

Distance small/medium -> easier to justify continuation entries
Distance large -> consider waiting for pullback or consolidation

C) Use Tenkan vs Kijun as “pressure” context
Enable Tenkan-Kijun Distance:

Positive TK−KJ often aligns with bullish pressure
Negative TK−KJ often aligns with bearish pressure

Combine with price action (structure, breaks, retests).

D) Keep it simple
Recommended learning workflow:

Use % of Price mode for easier comparison
Enable only one or two distance lines
Turn on background only after you understand the lines

How To Use (Advanced Traders)

1) Extension mapping across timeframes
Combine:

Current TF distance lines
Higher TF background
MTF histogram (4H/D/W/M)

Goal: detect when the current move is extended relative to higher timeframe equilibrium.

2) Trend continuation vs pullback risk
Observe “distance regime” instead of single-point signals:

Steady trend: distance oscillates but holds directional bias
Acceleration: distance expands rapidly (risk of late entry increases)
Transition: TK−KJ compresses / flips while price distance decays

3) Confluence as a bias overlay (minimal, conservative)
Use Confluence Background to quickly see agreement:

Kijun distance + TK−KJ alignment -> stronger directional context
Mixed readings -> reduce aggressiveness / wait for clarity

4) Alert workflow (discretionary, not automated)
Example approach:

Enable alert for “Price crosses Kijun”
Use it as a context prompt to check structure and risk
Do not treat the alert as an entry by itself

Notes

This is a context and equilibrium tool, not an automated trading system.
Large distance does not guarantee reversal — strong trends can remain extended.
Ichimoku components are derived values; interpret together with structure, volatility behavior, and risk management.
If you trade different markets, prefer normalized modes for comparability.

Best Suited For

Ichimoku traders who prefer conservative, method-aligned tools
Ambitious beginners learning equilibrium and extension behavior
Discretionary intraday and swing traders
Users who want clean charts with optional higher timeframe context

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