Ichimoku Kinko Hyo means roughly "one-glance equilibrium chart", yet in practice that glance is anything but simple: you have to combine the position of price relative to the cloud, the slope of the cloud, the Tenkan / Kijun relationship and the Chikou Span before deciding the context. Edo Ichimoku State keeps that full engine intact and turns it into a direct reading surface.

The five lines and the Kumo cloud

The indicator calculates the five classical lines with their original periods: Tenkan-sen (9), the most reactive; Kijun-sen (26), the intermediate structural reference; Senkou Span A, the faster cloud edge; Senkou Span B (52), the stable edge; and the Chikou Span, the close displaced 26 bars back for historical confirmation. The Kumo cloud is the fill between the two Senkou Spans projected 26 bars forward: teal green when Senkou A is above B, coral red when below. Price above the cloud is a bullish bias, price below it bearish, and price inside it has no clear direction. By default only the cloud and the colored background are shown to keep the chart clean.

The five states and the dual score

Every bar, four independent conditions are evaluated — Price vs Cloud, Cloud Bias, TK vs KJ and Chikou Free — and reduced to one of five discrete states, from maximum bullish to maximum bearish strength: Confirmed Up, Bias Up, Undefined, Bias Down and Confirmed Down. When price is inside the cloud the state is forced to Undefined. Alongside the state, a Bull Score and a Bear Score (each 0 to 4) count how many bullish or bearish conditions are active, which lets you compare bars within the same state: a Bias Up with Bull 3/4 is more solid than one with Bull 2/4 and Bear 2/4.

The panel and the alerts

A corner panel condenses the most recent closed bar into seven rows: the current state label with its duration in bars, the four individual conditions, and the Bull and Bear scores as N / 4. Its position, size and theme are configurable. The indicator also publishes ten native alerts: five state alerts (one per state), two price-vs-cloud crosses, two Cloud Flip alerts when the Senkou Spans cross, and two TK/KJ cross alerts. Set them to Once Per Bar Close to avoid intrabar triggers.

Why five states and not a single arrow

A binary up-or-down read hides the most useful part of Ichimoku: the transitions. Trends are born and die in the middle states. A clean activation usually runs from Undefined to Bias Up to Confirmed Up over a few bars, as the cloud flips and the alignment completes; a top often shows a long-lived Confirmed Up that can no longer reach full strength. Keeping the in-between states visible is what lets you see a turn forming instead of waiting for it to be finished and obvious.