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...
Ichimoku Kinkō Hyō Wave Theory Introduction and Indicator Basics Cheat Sheet.
Note that there are 5 Waves in the Ichimoku Kinkō Hyō System.
1: I Wave
2: V Wave
3: N Wave
4: P Wave
5: Y Wave
I Wave = 1 directional movement in price up or down over a period of time.
V Wave = 2 directional movements in price over a period of time so 1 direction movement up over a...
Multi timeframe analysis of the S&P500 Index using the Ichimoku Kinko Hyo with original 9,26,52,26 settings, i have also added Volume Profiles (VPVR) and (VPFR) onto the charts.
1 DAY CHART:
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is upwards at the moment. This will possibly change to...
So, the Ichimoku Cloud (Ichimoku Kinko Hyo) - WTF is it??? At first the Ichimoku Cloud can look a bit daunting, but after reading this, hopefully it will put you at ease & you will realise that it is a really neat and powerful indicator that shows you Momentum, Trend, Support and Resistance . Note that you can use the Ichimoku Cloud for all timeframes, but it may...
