ChsaDos
Short

Ichimoku Chikou Indicator

BITSTAMP:BTCUSD   Bitcoin / Dollar
937 1 1
The chikou span is calculated in the following manner:

CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods

The chikou span represents one of Ichimoku most unique features; that of time-shifting certain lines backwards or
forwards in order to gain a clearer perspective of price action. In the chikou span's case, the current closing price is
time-shifted backwards by 26 periods. While the rationale behind this may at first appear confusing, it becomes very
clear once we consider that it allows us to quickly see how today's price action compares to the price action of 26
periods ago, which can help determine trend direction.

If the current close price (as depicted by the chikou span) is lower than the price of 26 periods ago, that would indicate
that there is a potential for more bearish price action to come, since price tends to follow trends. Conversely, if the
current closing price is above the price of 26 periods ago, that would then indicate the possibility for more bullish
price action to follow.
Learn more about the Ichimoku indicator: https://www.ichimokutrade.com/articles/Ichimoku_Ebook.pdf
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out