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Trend scan

Ichimoku TK Cross Screener

This scan finds stocks where the Ichimoku conversion line (Tenkan-sen, 9) crossed above the base line (Kijun-sen, 26) on the latest day, while the price is above its 200-day moving average.

Run this scan in the live demoFree, no sign-up. The demo uses made-up sample data.

The exact rule

Type this in Chalni: tenkan crossed above kijun and close above 200 day sma

  1. Tenkan crossed above Kijun
  2. Close > SMA(200)

Find US stocks where the Ichimoku conversion line (9) crossed above the Ichimoku base line (26) today; and the closing price is above the 200-day simple moving average.

Formula view
crosses_above(ichimoku_conversion(9), ichimoku_base(26))
AND close > sma(close, 200)
Example chart: Ichimoku TK crossDaily candles of a made-up sample stock with Tenkan-sen (9); Kijun-sen (26); 200-day SMA. The shaded day is the day the scan fired.
  • Tenkan-sen (9)
  • Kijun-sen (26)
  • 200-day SMA
  • Shaded day: the scan fired
Example from Chalni's made-up sample market, not a real stock. It shows the most recent time this scan fired in the sample US market, picked whether or not the trade worked.

What it means

Ichimoku Kinko Hyo was developed in Japan by Goichi Hosoda and published in the late 1960s. The Tenkan-sen is the midpoint of the 9-day high and low; the Kijun-sen is the midpoint of the 26-day high and low. When the faster Tenkan crosses above the slower Kijun, short-term momentum has turned up.

A TK cross works best in the direction of the bigger trend. In full Ichimoku, traders check the cloud. This scan uses a simpler stand-in: price above the 200-day average.

How traders use it

  • Use it to time entries in stocks that are already in a long-term uptrend.
  • Many traders also want the price above the Ichimoku cloud. You can check that on your chart.
  • A close back below the Kijun-sen is a common exit.

Watch out for

  • TK crosses inside a flat range are mostly noise.
  • Ichimoku has many parts. One cross alone is a weaker signal than several parts agreeing.

Test it before you trust it

Every scan in Chalni sits an exam. First it runs on older data, the practice: each time it picks a stock, the stock is held for 10 trading days and 0.2% is paid in costs. Then it runs on newer data it has never seen, the exam. A scan that only works in practice has just memorised the past.

See the practice and exam results for this scan in the demo (on sample data; real data comes at launch).

Questions

What is a TK cross in Ichimoku?

It is when the Tenkan-sen (conversion line) crosses the Kijun-sen (base line). A cross above is bullish; a cross below is bearish.

What are the standard Ichimoku settings?

9, 26 and 52. This scan uses 9 for the Tenkan-sen and 26 for the Kijun-sen.

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