Custom Ichimoku Cloud with Signals

📊 OVERVIEW
This indicator generates trading signals based on Ichimoku Cloud breakouts and breakdowns. It identifies when price decisively moves through the cloud boundaries, filtering out false signals from consolidation periods.

📈 KEY FEATURES
- Transition-based signals only when price breaks through cloud
- Candle body must completely clear cloud (no touching)
- Alternating signal system prevents consecutive duplicate signals
- Built-in alerts for automated notifications
- Standard Ichimoku components included

⚙️ HOW IT WORKS
BUY SIGNAL: Triggered when candle body moves completely above cloud after being inside/below
SELL SIGNAL: Triggered when candle body moves completely below cloud after being inside/above

🎯 USE CASES
- Trend continuation trading
- Breakout trading strategies
- Cloud support/resistance analysis
- Multi-timeframe analysis

📝 PARAMETERS
- Adjustable Ichimoku periods (Conversion, Base, Lagging Span B)
- Customizable lookback period for transition detection
- Visual signal markers with alerts

⚠️ DISCLAIMER
This indicator is for educational purposes. Past performance doesn't guarantee future results. Always use proper risk management and combine with other analysis methods.


⚠️ DISCLAIMER & RISK WARNING

This indicator is provided for informational and educational purposes only and should not be considered as financial advice.

TRADING RISKS:
- Trading involves substantial risk of loss and is not suitable for all investors
- Past performance is not indicative of future results
- You can lose more than your initial investment
- Never trade with money you cannot afford to lose

NO GUARANTEES:
- This indicator does not guarantee profits or predict market movements with certainty
- Signals are based on mathematical calculations and may produce false signals
- Market conditions can change, making any strategy ineffective
- Success depends on multiple factors beyond this indicator

USER RESPONSIBILITY:
- You are solely responsible for your trading decisions
- Always conduct your own research and analysis
- Consider consulting with a qualified financial advisor
- Use proper risk management and position sizing
- Test thoroughly on demo accounts before live trading

TECHNICAL LIMITATIONS:
- Indicator may be subject to repainting in real-time conditions
- Historical results do not represent actual trading
- Signals are for analysis only, not automatic trade execution
- Performance varies across different timeframes and instruments

By using this indicator, you acknowledge that you understand these risks and accept full responsibility for your trading outcomes. The author assumes no liability for any losses incurred.

NOT FINANCIAL ADVICE - FOR EDUCATIONAL PURPOSES ONLY