Ichimoku on TradingView — Pine Script v5 Source

Pine Script handles Ichimoku’s displacement gracefully with the offset parameter on plot, so building the full system — cloud and all — is cleaner than you’d expect. See the explainer for what each line is.

What you’ll need

• A TradingView account (free tier is fine)
• The Pine Editor

The source

//@version=5
indicator("AlgoGen Ichimoku", shorttitle="AG Ichimoku", overlay=true)

convLen  = input.int(9,  "Tenkan")
baseLen  = input.int(26, "Kijun")
spanBLen = input.int(52, "Senkou B")
disp     = input.int(26, "Displacement")

midline(len) => math.avg(ta.highest(high, len), ta.lowest(low, len))

tenkan  = midline(convLen)
kijun   = midline(baseLen)
senkouA = math.avg(tenkan, kijun)
senkouB = midline(spanBLen)

plot(tenkan, "Tenkan", color=#eb6834, linewidth=2)
plot(kijun,  "Kijun",  color=#4a3aa7, linewidth=2)

// Chikou: current close shifted BACK.
plot(close, "Chikou", color=#1baf7a, offset=-disp)

// Senkou spans shifted FORWARD; fill between them for the cloud.
pA = plot(senkouA, "Senkou A", color=color.new(#0ca30c, 60), offset=disp)
pB = plot(senkouB, "Senkou B", color=color.new(#d03b3b, 60), offset=disp)
fill(pA, pB, color = senkouA > senkouB ? color.new(#0ca30c, 85) : color.new(#d03b3b, 85))

math.avg(ta.highest(high, len), ta.lowest(low, len)) is the midpoint every line shares. The magic is offset: +disp pushes the Senkou spans forward into the future (creating the projected cloud), and -disp pulls the Chikou backward. The fill colours the cloud green or red depending on which span is on top.

Detecting a Kumo twist

A “twist” — where the future cloud changes colour because Senkou A crosses Senkou B — is one of Ichimoku’s forward-looking cues. Because the spans are computed on the current bar (before displacement), you can detect it directly:

twistBull = ta.crossover(senkouA, senkouB)
twistBear = ta.crossunder(senkouA, senkouB)
bgcolor(twistBull ? color.new(#0ca30c, 90) : na, offset=disp, title="Bull twist")
bgcolor(twistBear ? color.new(#d03b3b, 90) : na, offset=disp, title="Bear twist")

The offset=disp on bgcolor places the highlight where the twist will actually appear in the projected cloud — 26 bars ahead — so it lines up with the visual.

Gotchas

• offset, not [], for plotting displacement. Use offset=disp on the plot call to draw a line shifted in time. Using senkouA[disp] instead shifts the data the wrong way and misplaces the cloud.
• Chikou offset is negative. offset=-disp draws the close 26 bars back. A positive offset here is a classic mistake.
• math.avg for the midpoint. It’s just (highest + lowest) / 2; math.avg reads cleanly and avoids a stray operator-precedence bug.

A cloud-position signal

cloudTop = math.max(senkouA, senkouB)
longOK   = close > cloudTop[disp]     // price above the cloud that's under it now
alertcondition(ta.crossover(tenkan, kijun) and longOK, "Ichimoku bull", "TK cross above cloud")

Same indicator elsewhere: Python, MQL5, EasyLanguage, NinjaScript. Then test an Ichimoku rule in AlgoGen.

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This post is educational, not financial advice. Indicators describe the past; they don’t predict the future. Backtest anything before you risk real money on it.