Senkou Span B (Leading Span B)
Senkou Span B (Leading Span B) is a technical indicator used in the Ichimoku Kinko Hyo trading system. It is one of the five lines that make up the Ichimoku Kinko Hyo chart, and is used to identify potential support and resistance levels. The Senkou Span B is calculated by taking the average of the highest high and lowest low over the past 52 periods, and then plotting the result 26 periods ahead. This line is also known as the “leading span” because it is plotted ahead of the current price action.
History of Senkou Span B
Senkou Span B was developed by Goichi Hosoda, a Japanese journalist and trader, in the late 1960s. Hosoda developed the Ichimoku Kinko Hyo system as a way to quickly identify potential support and resistance levels in the markets. The Senkou Span B is one of the five lines that make up the Ichimoku Kinko Hyo chart, and is used to identify potential support and resistance levels. The Senkou Span B is calculated by taking the average of the highest high and lowest low over the past 52 periods, and then plotting the result 26 periods ahead.
Comparison Table
| Indicator | Periods | Calculation |
|---|---|---|
| Senkou Span B | 52 and 26 | Average of highest high and lowest low over the past 52 periods, plotted 26 periods ahead |
Summary
Senkou Span B is a technical indicator used in the Ichimoku Kinko Hyo trading system. It is one of the five lines that make up the Ichimoku Kinko Hyo chart, and is used to identify potential support and resistance levels. The Senkou Span B is calculated by taking the average of the highest high and lowest low over the past 52 periods, and then plotting the result 26 periods ahead. For more information about Senkou Span B, you can visit websites such as Investopedia, TradingView, and StockCharts.
See Also
- Ichimoku Kinko Hyo
- Kijun Sen
- Tenkan Sen
- Chikou Span
- Kumo
- Support and Resistance
- Moving Averages
- Trendlines
- Price Action
- Candlestick Patterns
