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Ichimoku Kinko Hyo

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 1 May 2023

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Ichimoku Kinko Hyo

Ichimoku Kinko Hyo, also known as Ichimoku Cloud, is a technical analysis method used to identify trends and support and resistance levels in financial markets. It was developed by Japanese journalist Goichi Hosoda in the late 1930s and is still widely used today. The Ichimoku Cloud is composed of five lines, each of which provides a different type of information about the market. The lines are the Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. The Ichimoku Cloud is used to identify trends, identify support and resistance levels, and to generate buy and sell signals.

History of Ichimoku Kinko Hyo

Ichimoku Kinko Hyo was developed by Goichi Hosoda, a Japanese journalist, in the late 1930s. He spent 30 years perfecting the system before publishing it in 1969. The system was initially used by Japanese traders, but it has since gained popularity in the West. The Ichimoku Cloud is composed of five lines, each of which provides a different type of information about the market. The lines are the Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span.

Comparison Table

Line Period Calculation
Tenkan-sen 9 Highest High + Lowest Low / 2
Kijun-sen 26 Highest High + Lowest Low / 2
Senkou Span A 52 (Tenkan-sen + Kijun-sen) / 2
Senkou Span B 26 Highest High + Lowest Low / 2
Chikou Span 26 Closing Price 26 Periods Ago

Summary

Ichimoku Kinko Hyo is a technical analysis method used to identify trends and support and resistance levels in financial markets. It was developed by Japanese journalist Goichi Hosoda in the late 1930s and is still widely used today. The Ichimoku Cloud is composed of five lines, each of which provides a different type of information about the market. The lines are the Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. For more information about Ichimoku Kinko Hyo, you can visit Investopedia, TradingView, and StockCharts.

See Also

  • Moving Average Convergence Divergence (MACD)
  • Relative Strength Index (RSI)
  • Bollinger Bands
  • Fibonacci Retracement
  • Stochastic Oscillator
  • Average Directional Index (ADX)
  • Parabolic SAR
  • On Balance Volume (OBV)
  • Price Volume Trend (PVT)
  • Money Flow Index (MFI)

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