This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v5 · On the chart
Ichimoku Theories [LuxAlgo]
This indicator implements Hosoda's Ichimoku Theories directly on the price chart, combining standard Ichimoku Kinko Hyo components (Tenkan-sen, Kijun-sen, Kumo cloud, and Chikou span) with Time Theory and Wave Theory analysis.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code808
Settings39inputs
LicenceNone stated
Last update8 months ago25 Feb 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Ichimoku Theories [LuxAlgo] detects swing highs and lows, visualizes time cycles using Kihon Suchi or Taito Suchi number projections, and plots basic and complex wave patterns including I, V, N, P, Y, and W waves. Users can adjust Ichimoku periods, time cycle detection modes, wave display filters, and cycle forecast parameters.
- Complete Ichimoku Kinko Hyo display
- Time Theory cycles and forecast projections
- Basic and complex wave structure detection
- Swing high and swing low pivot markers
Details
Published by
regalouisei on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Swing Highs & Lows | bool | true | showPivotMarksInput |
| Swing Length | int | 10 | pivotLengthInput |
| Show Lines | bool | true | showIchimokuLinesInput |
| Show Kumo | bool | true | showIchimokuKumoInput |
| Tenkan Sen Length | int | 9 | tenkanSenLengthInput |
| Kinjun Sen Length | int | 26 | kinjuSenLengthInput |
| Senkou Span B Length | int | 52 | senkouSpanBLengthInput |
| Chikou & Senkou Offset | int | 26 | ichimokuOffsetInput |
| Show Time Cycle Forecast | bool | true | showTimeForecastInput |
| Forecast Pattern | string | KIHON | timePatternInput |
| Anchor forecast on last X time cycle | int | 1 | timeForecastAnchorInput |
| Time Cycle Mode | string | SWINGS | timeCycleModeInput |
Show all 39 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Wave Cycle | string | WAVE_I | waveCyleInput |
| Show Time Cycles | bool | true | showTimeCyclesInput |
| Show last X time cycles | int | 10 | maximumTimeCyclesInput |
| showBasicWavesInput | bool | true | showBasicWavesInput |
| I | bool | false | showWaveIInput |
| waveIColorInput | color | #e91e63 | waveIColorInput |
| V | bool | false | showWaveVInput |
| waveVColorInput | color | color.yellow | waveVColorInput |
| N | bool | true | showWaveNInput |
| waveNColorInput | color | #5b9cf6 | waveNColorInput |
| Complex Waves: | bool | false | showComplexWavesInput |
| P | bool | true | showWavePInput |
| wavePColorInput | color | color.aqua | wavePColorInput |
| Y | bool | true | showWaveYInput |
| waveYColorInput | color | #ff5d00 | waveYColorInput |
| W | bool | true | showWaveWInput |
| waveWColorInput | color | color.lime | waveWColorInput |
| Overlapping Waves | bool | false | overlappingWavesInput |
| Show last X waves | int | 10 | maximumWavesInput |
| showBasicTargetsInput | bool | true | showBasicTargetsInput |
| showTargetVInput | bool | true | showTargetVInput |
| showTargetEInput | bool | true | showTargetEInput |
| showTargetNInput | bool | true | showTargetNInput |
| NT | bool | true | showTargetNTInput |
| Extended Targets: | bool | false | showExtendedTargetsInput |
| showTarget2EInput | bool | true | showTarget2EInput |
| 3E | bool | true | showTarget3EInput |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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