Welcome to my first educational post. This is a big one, Ichimoku Kinko Hyo is the most underused, underrated, least understood and yet most powerful trend indicator available to the general public. I'll first briefly describe the 4 components:
- Tenkan Sen (turning line): it's like a small period moving average but calculated slightly differently. So if price...
Hello TradingView Community, it’s Ben with LeafAlgo! Today we will discuss one of my favorite indicators, the Ichimoku Cloud. The Ichimoku is a versatile trading tool that has captivated traders with its unique visual representation and powerful insights. We will dive deep into understanding the Ichimoku Cloud, explore its history, discuss its parts, highlight...
THE BASICS:
Here is a close up of the Ichimoku Kinkō Hyō indicator:
Many people do not know that the Ichimoku Kinkō Hyō cloud system has its own Number, Wave, Target Price and Timespan Theories. After years of study, the numbers that Goichi Hosoda choose for his system are 9, 17, 26 as the basic numbers with 33, 42, 65, 76, 129 and 200~257. These numbers are...
Hi.
I was making a comment in someone else's idea about the Ichimoku indication and thought one point should be dealt with more.
So, let's assume something are in a down-trend, candles are flying down from cliff, to the left of Kijun-sen and Tenkan-sen.
We can see this on chart 1.
At some point the drop reaches some kind of resistance and starts some lateral...
Hello traders, in this post, we will be talking about how to trade using the Ichimoku Cloud. This is one of the most common, yet very effective and unique indicators to date and is prized by many traders as it foreshadows possible support and resistance levels.
------
What is the Ichimoku Cloud Indicator?
The Ichimoku Cloud indicator is an extremely versatile...
