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This post focuses on customizable Ichimoku Kinko Hyo Indicator factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
Also see more factory scans here: Ichimoku Kinko Hyo Stock Screener
An explainer on “future crossover”
The term “Future/Past Ichimoku Crossovers” refers to Kumo crossovers that happen either before or after the bar you’re currently analyzing. By default, this bar is the last one available on the chart, unless otherwise specified.
A “past” crossover occurs before the last available bar, while a “future” crossover happens after it. This is because the Ichimoku indicator projects data forward by 26 bars.
To better understand this, you can look at any chart with the Ichimoku indicator applied, focusing on the Kumo (the shaded area between the Span A and Span B lines).
For examples of these scans, check the “Advanced Scanner > Factory Scans > Technical Indicators > Ichimoku Kinko Hyo” section in the software.
Kumo Bullish Future Crossover
Tags: How to use the Ichimoku Kinko Hyo indicator, Ichimoku Kinko Hyo indicator scanner, Ichimoku Kinko Hyo indicator screener, Ichimoku Kinko Hyo indicator strategy, Kumo Bullish Crossover
List symbols where
SHIFTH(SENKOUA(9,26),-26) has crossed above SHIFTH(SENKOUB(26,52),-26) in the last 26 bars
Add Col SenkouA(9,26) as SENKOUA
Add Col SenkouB(26,52) as SENKOUB chart
Add Column 26 - BarsSince(SHIFTH(SENKOUA(9,26),-26) has crossed above SHIFTH(SENKOUB(26,52),-26)) as BarsXabv
Apply to NSEThis scan identifies instances where Senkou Span A crosses above Senkou Span B in the “next” 26 bars by horizontally shifting the Kumo pattern to the left. The BarsSince function shows how many bars have passed since the last time this event occurred.
The parameters used are 9 for the Tenkan Sen, 26 for the Kijun Sen, and 52 for the Senkou Span B.
Kumo Bearish Future Crossover
Tags: How to use the Ichimoku Kinko Hyo indicator, Ichimoku Kinko Hyo indicator scanner, Ichimoku Kinko Hyo indicator screener, Ichimoku Kinko Hyo indicator strategy, Kumo Bearish Crossover
List symbols where
SHIFTH(SENKOUA(9,26),-26) has crossed below SHIFTH(SENKOUB(26,52),-26) in the last 26 bars
Add Col SenkouA(9,26) as SENKOUA
Add Col SenkouB(26,52) as SENKOUB chart
Add Column 26 - BarsSince(SHIFTH(SENKOUA(9,26),-26) has crossed below SHIFTH(SENKOUB(26,52),-26)) as BarsXblw
Apply to NSEThis scan identifies instances where the Senkou Span A line crosses below the Senkou Span B line in the “next” 26 bars. To do this, the KUMO pattern is horizontally shifted to the left. The BarsSince function shows how many bars have elapsed since the last occurrence.
The parameters used are 9 for Tenkan Sen, 26 for Kijun Sen, and 52 for Senkou Span B.
For comprehensive insights into the Ichimoku Kinko Hyo Indicator, including its interpretation, applicability to both trading and investing purposes, as well as an exploration of its advantages and limitations as an indicator, click here.