Ichimoku Screener [Pineify]

Advanced Multi-Timeframe Ichimoku Screener - Complete Market Analysis Tool

This sophisticated Ichimoku Screener represents a comprehensive approach to multi-timeframe market analysis, combining four distinct Ichimoku-based indicators into a unified screening system. Unlike traditional single-symbol indicators, this screener provides simultaneous analysis across multiple assets and timeframes, enabling traders to identify optimal trading opportunities with enhanced precision and efficiency.

Key Features

• Multi-asset screening capability for up to 10 symbols simultaneously
  
• Four customizable timeframes per symbol for comprehensive analysis
  
• Four integrated Ichimoku-based indicators working in harmony
  
• Real-time visual feedback with color-coded signals
  
• Customizable Ichimoku parameters for personalized analysis
  
• Clean, organized table display for easy interpretation
  
• Automated signal strength assessment and timing
  

How It Works

The screener employs the traditional Ichimoku Kinko Hyo methodology, utilizing five core components: Conversion Line (Tenkan-sen), Base Line (Kijun-sen), Leading Span A (Senkou Span A), Leading Span B (Senkou Span B), and displacement calculations. Each component is mathematically calculated using specific period lengths:

Conversion Line = (Highest High + Lowest Low) / 2 over conversion period
Base Line = (Highest High + Lowest Low) / 2 over base period
Leading Span A = (Conversion Line + Base Line) / 2
Leading Span B = (Highest High + Lowest Low) / 2 over lagging span period

The screener processes these calculations across multiple securities simultaneously using TradingView's security() function, enabling real-time cross-asset analysis. The system tracks state changes using barssince() functions to provide precise timing information for each signal type.

Trading Ideas and Insights

This screener excels in identifying momentum convergence patterns where multiple Ichimoku components align across different timeframes. The most powerful signals occur when:

1. Cloud color aligns with price position relative to the cloud
   
2. Conversion Line crosses above/below Base Line in the same direction as cloud bias
   
3. Multiple timeframes show consistent directional bias
   
4. Entry signals appear with minimal bars since formation (indicating fresh momentum)
   

For trend following strategies, focus on symbols where the cloud maintains consistent color across higher timeframes while showing recent entry signals on lower timeframes. For reversal opportunities, identify assets where cloud color changes coincide with price re-entering the cloud after extended periods above or below.

The screener particularly excels in cryptocurrency and forex markets where momentum shifts can be dramatic and sustained. By monitoring multiple timeframes simultaneously, traders can identify when short-term signals align with longer-term trends, significantly improving trade success probability.

How Multiple Indicators Work Together

The four integrated indicators create a comprehensive analytical framework through synergistic interaction:

Ichimoku Cloud (IchiCld) establishes the primary trend bias by comparing Leading Span A with Leading Span B. When Span A > Span B, the cloud displays bullish characteristics; when Span A < Span B, bearish characteristics emerge. The indicator tracks duration since the last cloud color change, providing momentum persistence insight.

Ichimoku Lagging Cloud (IchiLagCld) determines price position relative to the displaced cloud formation. This indicator identifies whether current price action occurs above, below, or within the cloud structure, revealing support/resistance dynamics and trend confirmation signals.

Conversion vs Base (IchiC>Base) monitors the relationship between short-term (Conversion Line) and medium-term (Base Line) momentum. Crossovers in this relationship often precede significant price movements and provide early trend change warnings.

Ichimoku Entry (IchiEnt) synthesizes all components into actionable signals by requiring alignment between cloud bias, price position, and conversion/base relationship. This multi-factor confirmation approach significantly reduces false signals while maintaining sensitivity to genuine momentum shifts.

The mathematical foundation ensures that each indicator contributes unique information while maintaining logical consistency. The system's strength lies in requiring multiple confirmations before generating entry signals, following Ichimoku's original philosophy of comprehensive market analysis.

Unique Aspects

This implementation distinguishes itself through several innovative features:

Advanced State Tracking: Unlike standard Ichimoku indicators that show current values, this screener tracks duration since state changes, providing crucial timing information for signal freshness and momentum strength assessment.

Multi-Asset Efficiency: The screener eliminates the need to manually check multiple charts by presenting comparative analysis across assets and timeframes in a single view, dramatically improving analytical efficiency.

Customizable Visual Feedback: The color-coding system adapts to different signal types and strengths, with recent signals receiving enhanced visual prominence to draw attention to fresh opportunities.

Professional Table Architecture: The organized display accommodates up to 40 symbol-timeframe combinations (10 symbols × 4 timeframes), with intelligent pagination for optimal screen utilization.

Signal Correlation Analysis: By displaying multiple timeframes for each symbol, traders can quickly identify timeframe confluence and divergence patterns that would otherwise require extensive manual analysis.

How to Use

1. Symbol Configuration: Enter up to 10 symbols in the Symbol input group. Use full exchange:ticker format for optimal compatibility (e.g., "BINANCE:BTCUSDT").
   
   
2. Timeframe Selection: Configure four timeframes in ascending order for logical analysis progression. Recommended combinations include 1m/5m/15m/1h for intraday analysis or 1h/4h/1D/1W for swing trading.
   
   
3. Ichimoku Parameters: Adjust the four core parameters based on your trading style:
   Conversion Line Length (default: 9) - Controls short-term momentum sensitivity
   Base Line Length (default: 26) - Determines medium-term trend identification
   Leading Span B Length (default: 52) - Sets long-term trend calculation period
   Displacement (default: 26) - Controls forward projection of cloud structure
   
4. Signal Interpretation:
   Green backgrounds indicate bullish conditions
   Red backgrounds indicate bearish conditions
   Numerical values show bars since last state change
   "L:" prefix indicates long entry signals
   "S:" prefix indicates short entry signals
   "N/A" indicates neutral/transitional states
   
5. Trading Workflow: Scan for symbols showing consistent signals across multiple timeframes, prioritize fresh signals (low bar counts), and use individual charts for precise entry timing and risk management.
   

Customization

The screener accommodates various trading approaches through parameter adjustment:

Scalping Configuration: Use shorter periods (Conversion: 5, Base: 13, Span B: 26) with 1m/3m/5m/15m timeframes for high-frequency opportunities.

Swing Trading Setup: Employ standard parameters with 4h/1D/3D/1W timeframes for position trading across days or weeks.

Cryptocurrency Optimization: Given crypto's 24/7 nature, consider using 4h/8h/1D/3D combinations for optimal signal timing.

Symbol selection can focus on correlated assets (e.g., major cryptocurrencies) for sector analysis or diverse assets for portfolio opportunity identification. The flexible timeframe configuration allows adaptation to any market's characteristic volatility and trading patterns.

Conclusion

This Advanced Multi-Timeframe Ichimoku Screener transforms traditional single-chart analysis into a comprehensive market monitoring system. By integrating multiple Ichimoku components across various timeframes and assets, it provides traders with unprecedented analytical efficiency and signal reliability.

The mathematical rigor of traditional Ichimoku analysis combines with modern Pine Script capabilities to deliver a professional-grade screening tool. Whether used for identifying trend continuation opportunities, spotting potential reversals, or conducting broad market analysis, this screener offers the analytical depth and practical functionality required for serious trading applications.

The system's emphasis on signal confluence across multiple timeframes and indicators significantly improves trade selection quality while reducing analysis time. For traders seeking to leverage Ichimoku's proven methodology across multiple markets simultaneously, this screener represents an essential analytical upgrade to traditional single-symbol approaches.