OPEN-SOURCE SCRIPT

[codapro] Tenkan Cloud Signals

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Snapshot

[codapro] Cloud in the Skys — Tenkan Altitude Signals Above the Kumo

Description:

This is not your average Ichimoku script — this is “Cloud in the Skys”, a reimagined way to interpret the Tenkan line as an airplane navigating altitude around the Kumo cloud layer.

Visual Metaphor Explained:

Tenkan = Airplane
The fast-reacting Conversion Line becomes your flight path.

Cloud (Kumo) = Noise / Airspace
The Ichimoku cloud is your visual weather system. When the plane (Tenkan) is:

Above the cloud → Clear skies, likely breakout, nothing overhead

Inside the cloud → Turbulence zone, indecision, avoid trading

Below the cloud → Descending, seeing ground only, bearish sentiment

This script helps you see trend structure like a pilot sees airspace — visually, directionally, and with awareness of turbulence zones.

What It Includes:

Tenkan (Conversion) and Kijun (Base) line calculations

Full Kumo Cloud (Senkou A & B), with customizable displacement

Buy/Sell Flags based on Kijun crossing the forward-displaced Span B

Only plotted after a user-defined number of confirming closes

Full visual controls: cloud fill, line colors, flag display toggle

How to Use It:

Long Bias: When Tenkan rises above the cloud and Buy flag confirms — sky’s clear

Short Bias: When Tenkan descends and Sell flag confirms — plane is losing lift

Stay Out: If Tenkan is inside the cloud, wait — this is chop/noise

Pair this script with price action or volume confirmation for better clarity. Especially effective in trend-following or breakout strategies on mid-to-longer timeframes.

Disclaimer:
This tool was created using the CodaPro Pine Script indicator design system — a modular architecture for building visual signal overlays and automated alerts.
It is provided for educational and informational purposes only and is not financial advice. Always test thoroughly before using in live market conditions.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.