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🚀Ichimoku Cloud Indicator to TradingView – Free – [TradingFinder]

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Ichimoku Cloud Indicator Overview and Usage on TradingView

Indicator Access & Setup

The Ichimoku Cloud indicator is freely available on the TradingFinder website and can be applied directly on TradingView by searching in the indicator section. Users have the option to add it to their favorites for quicker access.

Settings allow customization of calculation periods for each component line, as well as alerts for key crossovers or price interactions.

Ichimoku Cloud Components

The indicator consists of five main lines:

  • Tenkan Sen (Conversion Line, blue): A short-term trend and momentum indicator. The steepness of this line indicates the strength of the trend.

  • Kijun Sen (Base Line, red): A medium-term trend indicator that signals the main trend direction and acts as key support or resistance.

  • Senkou Span A (Leading Span A, green edge): The faster leading edge of the cloud, representing the equilibrium price between Tenkan Sen and Kijun Sen.

  • Senkou Span B (Leading Span B, orange line): The slower boundary of the cloud.

  • Chikou Span (Lagging Span, gray): The current price shifted 26 periods back, used for trend confirmation.

Trend Signals & Market Context

  • Price Position Relative to the Cloud:

    • Above the cloud → Uptrend
    • Below the cloud → Downtrend
    • Within the cloud → Ranging/Indecision

  • Cloud Color:

    • Green (Senkou Span A above Senkou Span B) → Bullish sentiment
    • Orange (Senkou Span A below Senkou Span B) → Bearish sentiment

  • Crossovers:

    • Tenkan Sen crossing above Kijun Sen → Buy signal
    • Tenkan Sen crossing below Kijun Sen → Sell signal

  • Chikou Span Confirmation:

    • Above price → Confirms bullish trend
    • Below price → Confirms bearish trend

Trade Entry & Confirmation Framework

Buy Trades:

  • Price moves above the cloud
  • Cloud turns green
  • Tenkan Sen crosses above Kijun Sen
  • Chikou Span is above the price

Sell Trades:

  • Price moves below the cloud
  • Cloud turns orange
  • Tenkan Sen crosses below Kijun Sen
  • Chikou Span is below the price

Tenkan Sen and Kijun Sen crossovers serve as confirmation signals for entries.

Support and Resistance

  • The cloud boundaries and Kijun Sen line act as dynamic support and resistance zones.
  • Price pullbacks to the cloud or Kijun Sen can be used as re-entry points or to gauge trade strength.
  • Rejections from these levels indicate continuation of the prevailing trend.

Alerts & Customization

Users can set alerts for:

  • Tenkan Sen and Kijun Sen crossovers
  • Price crossing Tenkan Sen
  • Price crossing Kijun Sen

Additionally, the display of input values on the chart’s status line can be toggled on or off.

General Notes

  • The Ichimoku Cloud is a comprehensive technical analysis system combining trend, momentum, and support/resistance into one tool.
  • It is applicable across various asset classes.
  • No specific tickers, sectors, or asset types were mentioned.
  • No explicit financial advice or disclaimers were provided.

Presenters / Sources

  • TradingFinder (YouTube channel/source of the tutorial)

Original video