stelaraX - Ichimoku Cloud

stelaraX – Ichimoku Cloud

stelaraX – Ichimoku Cloud is a complete trend and market structure indicator based on the traditional Ichimoku Kinko Hyo system. The indicator visualizes trend direction, momentum, and support and resistance zones using a single integrated framework.

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Core logic

The indicator calculates all main Ichimoku components using configurable periods:

* Tenkan-Sen is calculated as the midpoint of the highest high and lowest low over a short period
* Kijun-Sen is calculated as the midpoint over a medium period
* Senkou Span A is the average of Tenkan-Sen and Kijun-Sen and is projected forward
* Senkou Span B is the midpoint over a longer period and is projected forward
* Chikou Span represents current price shifted back by the displacement value

This structure provides a complete view of trend, momentum, and equilibrium.


Visualization

The script plots all Ichimoku elements directly on the chart:

* Tenkan-Sen and Kijun-Sen lines
* Chikou Span plotted backward
* Senkou Span A and Senkou Span B projected forward
* filled cloud area between Senkou spans

The cloud color dynamically reflects bullish or bearish conditions depending on the relationship between Senkou Span A and Senkou Span B.


Use case

This indicator is intended for:

* identifying overall trend direction and strength
* spotting dynamic support and resistance zones
* evaluating momentum and trend continuation
* filtering trades using cloud bias
* multi-timeframe trend alignment

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Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.