🦁 What Is Ichimoku Kinko Hyo

What is the Ichimoku Kinko Hyo Indicator. The Ichimoku Kinko Hyo is an indicator that has five main parts. Below, we look at these five parts and how they are calculated. These are: Tenkan-Sen – This line is also known as the conversion line. It is calculated by adding the period high and period low and dividing it by two.

Ichimoku Kinko Hyo usually just called ichimoku is a technical analysis method that builds on candlestick charting to improve the accuracy of forecasted price moves. Developed in the late 1930s by Goichi Hosoda, a Japanese journalist, who used to be known as Ichimoku Sanjin, something that can be translated as “What a man in the mountain sees”.

Ichimoku Kinko Hyo translates to "one glance cloud chart". Indeed, Ichimoku is a tool designed for the technical analysis of the financial markets which allows you to visualize the trend instantly (bearish, bullish or range), along with the support and resistance levels.

Ichimoku Kinko Hyo History. David Linton’s book, Cloud Charts – Trading Success with the Ichimoku Technique, and Nicole Elliot’s book, Ichimoku Charts – An Introduction to Ichimoku Kinko Clouds, provide an excellent and concise history of both Japanese candlesticks and Goichi Hosada’s time spent creating Ichimoku.

^{When using the Ichimoku Kinko Hyo, think in terms of equilibrium and disequilibrium. Since the market is a composite of all individual, human traders, the market is a reflection of group behavior.}

Even though Ichimoku Kinko Hyo is the all-inclusive indicator with all features being included in the method, you can make the best of this tool by combining it with other effective Technical Analysis indicators. The trends and price movements are highlighted by different colors, making it easier for you to understand the current trends.

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what is ichimoku kinko hyo