Indicators · Read the signal
The Chikou Span on its own, with one icon that says whether the trend is confirmed.
Chikou Trend Check answers one question: has price really moved away from where it was, and in which direction? It draws the Chikou Span from Ichimoku and puts the answer where your eye already is, at the end of the line. It confirms a trend; it doesn’t call entries.
Opens the indicator on TradingView.
Each part, what it shows and why it is there.
The Chikou Span is the simplest line in Ichimoku and the easiest to misread. It is today’s close, drawn back in time, and its job is confirmation. This tool draws only that line: no cloud, no other lines. Read it alone, or add it to your own Ichimoku.
On every bar, the tool sets today’s close against the price the Chikou is plotted against. A move counts as confirmed only when the close has cleared that price. By default the check is strict, so a close that only scrapes past still counts as undecided.
One icon sits at the Chikou’s latest point. A sailboat when it rides clear above price, a diver when it sinks clear below, and waves while it is still tangled. Hover the icon to see the prices behind the verdict.
Each state has its own list of icons — rockets, eagles and bulls above; anchors, whales and bears below; clouds, fog and compasses while tangled. You can paste your own emoji or short text, or hide a state completely, for example to see only confirmed moves.
The line is counted the way Hosoda counted it, and sits exactly where TradingView’s built-in Ichimoku draws its Chikou. For markets that trade every day, such as crypto, there is a common community setting as well.
The check looks at price only. A full Ichimoku reading also asks whether the Chikou is clear of the cloud. For that, and the rest of Hosoda’s method, use Ichimoku Kinko Hyo [Arxon Edge] alongside it.
No. It confirms that price has moved up away from where it was. It doesn’t tell you when to enter; the trade stays yours.
The check runs on the bar that is still forming, so the answer can change until that bar closes. Read it from a closed bar.
Yes. Besides Hosoda’s classic count there is a setting made for markets that trade every day, such as crypto.
No, it works on its own. Pair the two if you want the full Ichimoku reading, including the cloud.
Chikou Trend Check is an analysis tool, not investment advice. Charts and examples are illustrations.