Ichimoku MTF MT5

Ichimoku with the argument settled: all three of Hosoda's conditions counted into one signed score from minus three to plus three, so you can see at a glance whether the system agrees with itself. Ichimoku MTF draws the cloud, Tenkan and Kijun, publishes the score as a buffer, and it does not look into the future anywhere: the cloud visible on a bar is read at the index it was computed from, never at the index it is drawn at. It is free: no trial, no locked features, no upgrade page.

Tenkan and Kijun are the midpoints of the ranges of the last nine and twenty six bars. Senkou A is their half sum and Senkou B the midpoint of the fifty two bar range, both pushed twenty six bars forward to form the cloud. Chikou is the close pushed twenty six bars back. The signal is Tenkan crossing Kijun.

The agreement score is Hosoda's three conditions taken with their signs: Tenkan against Kijun, price against the cloud, and Chikou against price. The result runs from minus three to plus three and is also the grade of a scanner cell. The point about looking ahead matters here more than anywhere: the cloud you see on a bar was computed from bars twenty six back and is read at that index, and Chikou on a bar compares two closes both already known there. No condition reads the future, and the shift lives only in the drawing.

What is on the chart

Drawn in the price window: Kijun as the trend line, coloured by the score's side and unbroken across a change, Senkou A and Senkou B as the two cloud spans with the cloud shaded between them, bullish while A is above B and bearish while B is above A, and arrows on the bar where Tenkan crossed Kijun.

The panel

A canvas panel on the price chart, draggable, collapsible, closeable. It shows the timeframe in force and the setting values actually being used. It says what the last closed bar was: a BUY signal, a SELL signal, or neither. And it says whether the numbers on screen came from the properties dialog or from the panel, and how many of them were changed by hand.

Below that sit the settings the panel can move, with their current values. The gear opens a three-tab sheet.

Values covers the timeframe, Tenkan at nine, Kijun at twenty six, which is also the cloud's forward shift, and Senkou B at fifty two. Styles covers the palette, the line and its width, the arrow size, the two cloud spans and the two cloud shades. Every Values row has steppers, a range and a sentence of help.

The Alerts tab covers the master switch, the per event switches, the channels, the cooldown in minutes and a test alert.

Three colour schemes: dark, light, and a colour-blind safe one that uses blue and orange rather than red and green. Everything about the panel, including every value changed on the sheet, is stored per chart and survives a timeframe change and a terminal restart. The interface is English.

Alerts

Off out of the box. Three events: a BUY signal, a SELL signal, and a touch of the Kijun, the base line, which is the pull back event rather than a flip. Each has a switch of its own.

Channels: a popup window, a sound, a push to the mobile terminal and e-mail. There are per-event and per-channel switches, and a cooldown that defaults to two hours.

Alerts fire on the last closed bar. Two further alerts, off by default, speak on the forming bar within a chosen number of seconds of its close, and they are labelled early because a flip that exists mid-bar can un-happen. Telegram is not part of this product.

Signals on the forming bar

There is one switch that matters more than the others, and it is in the Values tab as well as in the inputs: whether buffers and arrows are allowed on the bar that is still forming.

With it on, which is the shipped default, you see a flip as soon as the market makes it. Sometimes that flip is undone before the bar closes and the arrow disappears. With it off, nothing is written on the forming bar at all: there is no repaint of any kind, and every signal arrives one bar late by construction.

Both behaviours are legitimate. The product does not pick for you and it does not hide which one it is doing: the panel and the setting name both say so.

Multi-timeframe

The Timeframe setting computes on a higher timeframe and draws the result here. Only closed senior bars are read: a chart bar shows the newest senior bar that had already closed by that chart bar's own close, so the flip lands on the bar that closes together with the senior bar, and nothing is drawn that could not have been known in real time.

The foreign series is built in the background. The first read of it can come back empty, the indicator retries, and the panel says whether it is waiting for a download or looking at a genuine shortage of history. It never fails initialisation over missing bars.

Reading it from an EA

Sixteen buffers, all readable through iCustom and CopyBuffer. Buffer 0, Buy, carries the arrow price on a BUY bar and EMPTY_VALUE otherwise, and is not drawn; buffer 1, Sell, is the same for a SELL. Buffers 2 to 5 belong to the two fills and are display plumbing, not for reading. Buffer 6 is the Kijun, the base line while the trend is up and buffer 7 is the same line while it is down; on the turning bar both hold a value, which is what keeps the drawn line unbroken. Buffer 8 is Senkou A and buffer 9 is Senkou B, the two spans that form the cloud. Buffers 10 and 11 are the drawn copies of buffers 0 and 1. Buffer 12, Signal, is +1 on a BUY bar, -1 on a SELL bar and 0 otherwise. Buffer 13 is Override, buffer 14 is the Kijun, the base line as one unbroken series, and buffer 15 is the trend itself, 0 while up and 1 while down.

Buffer 16 is added by this port and sits after the whole shared map: the agreement score, a whole number from minus three to plus three. No index of the shared contract moved.

Buffers 0 and 1 are the contract: never painted, filled on every pass whatever the Styles tab says, and present in the Data Window. Hiding the arrows on the display cannot starve a strategy of the signal, because hiding is done by changing how a plot is drawn and never by emptying a buffer.

An instance created by iCustom is read only and always uses the parameters you passed. The Override buffer lets a strategy detect that a chart instance is running on numbers changed by hand from the panel.

Provenance

This is a port of Ichimoku Kinko Hyo, Goichi Hosoda's system, public since the nineteen sixties. The name is a public one and carries no author's brand, and the arithmetic is written from the definition. One deviation is declared: the windows are progressive on the first bars, and until twenty six bars exist the cloud and Chikou take no part in the score, where Pine returns nothing at all before its warm up.

The product is called Ichimoku MTF because that is the name of the method, not because authorship of the method is claimed here. The original work belongs to its author.

Honest limits

The score counts three conditions of one system read on one instrument. Three agreeing is not three independent confirmations, and the number is a description of the state rather than a probability.

The cloud is drawn twenty six bars ahead of the last bar. That part of it is a projection of what is already known and not a forecast, and nothing in this product reads a value at a bar that had not closed.

Ichimoku is a slow system on purpose. The Kijun cross arrives well after a move begins, and shortening the windows to fix that produces a different indicator rather than a faster Ichimoku.

The settings move every signal the product will ever show. Two configurations produce two different sets of signals, and neither of them is the true one.

No profit figure, win rate or backtest result is claimed here.