Enhanced Ichimoku Cloud 5

Enhanced Ichimoku Cloud v5 (Indie Port) 

Enhanced Ichimoku Cloud 5 Complete Ichimoku Kinko Hyo trend system with trend-aware Kumo coloring and optional Tenkan/Kijun crossover signals. Rebuilt in Indie v5 from the Enhanced Ichimoku Cloud V5 concept by Chris Moody (TradingView Pine Script, 2014).

Description

Ichimoku Kinko Hyo ("one-glance equilibrium chart") is a Japanese trend-and-momentum system that combines five components into a single overlay. This indicator plots all five and adds an automatically color-flipping cloud (Kumo) that switches between bullish green and bearish red the moment Senkou Span A crosses Senkou Span B — making trend regime changes visible without any extra logic or scripting.

Compared to the original Pine Script, the Indie rebuild uses native multi-color fill rendering, replacing the four-plot workaround the original needed to recolor the cloud across crossovers.

Components plotted

• Tenkan-Sen (Conversion Line) — Donchian midpoint over 9 bars; short-term momentum reference.
• Kijun-Sen (Base Line) — Donchian midpoint over 26 bars; equilibrium line and dynamic support/resistance.
• Senkou Span A — average of Tenkan and Kijun, projected 26 bars forward; leading cloud edge.
• Senkou Span B — Donchian midpoint over 52 bars, projected 26 bars forward; second cloud edge.
• Chinkou Span (Lagging Span) — close shifted 26 bars back; confirms trend strength against past price.
• Kumo (Cloud) — fill between Span A and Span B; flips color with trend regime.

Settings

Periods: Tenkan-Sen (default 9), Kijun-Sen (default 26), Senkou Span B (default 52), and the displacement that controls both Chinkou Span shift back and Senkou Span A/B shift forward (default 26).

Visibility toggles for each element: Tenkan-Sen, Kijun-Sen, Chinkou Span, Cloud, and Tenkan/Kijun crossover markers (b / s, off by default). All toggles are independent — useful for stripping the chart down to just the cloud, or just the TK Cross signals.

How to read it

Price above the cloud signals an uptrend bias; below the cloud, a downtrend bias; inside the cloud, no trend or consolidation. A green cloud (Span A above Span B) indicates a bullish forward expectation, a red cloud the opposite.

A TK Cross — Tenkan crossing above Kijun(Kinjun) — is a bullish momentum signal; crossing below is bearish. The signal is stronger when it happens above the cloud (for longs) or below (for shorts). The Kumo twist — cloud color flip projected 26 bars ahead of price — gives early warning of a regime change. Chinkou Span clear of past price confirms trend strength; tangled with price suggests a weak setup.

Use cases

Trend confirmation — take longs only when price is above a green cloud, shorts when below a red cloud.

Kumo breakout entries — enter on a clean break out of the cloud in the trend direction.

Dynamic support and resistance — Kijun-Sen and the cloud edges act as pullback levels in trending markets.

TK Cross momentum — use the b / s makers as entry triggers, filtered by cloud position.

Confluence filter — combine with RSI, volume, or price-action setups; only trade signals that align with cloud direction.

Multi-timeframe bias — read higher-timeframe cloud for trend, lower-timeframe for entries.

Works on equities, crypto, forex, futures, and indices — any liquid instrument, any timeframe. Compatible with TakeProfit alerts.

Notes

Default settings (9 / 26 / 52 / 26) are the classic Hosoda parameters. Some traders use 7/22/44 for crypto's 24/7 markets or 20/60/120 for daily charts.

The cloud is projected forward, so the rightmost 26 bars of the Kumo show expected equilibrium rather than historical levels. Lagging Span requires 26 bars of forward price to fully render — early bars on a new chart will not show it.

Based on Enhanced Ichimoku Cloud V5 by Chris Moody.