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Ichimoku Kinko Hyo (Ichimoku Cloud Charts)

Developed by Goichi Hosoda, a Japanese newspaper journalist in the early 1940s, the Ichimoku Kinko Hyo indicator was made known to the public in 1968 when he published his book. It’s a technical analysis system used to identify the direction of the market with ""one look at the chart"" and provide Buy and Sell signals without the need for any other indicator. It consists of the following six elements: 1. Tenkan-sen (Highest High + Lowest Low) / 2 for the last 9 periods 2. Kijun-sen (Highest High + Lowest Low) / 2 for the last 26 periods 3. Senkou Span A (Tenkan-sen + kijun-sen) / 2 projected 26 periods ahead 4. Senkou Span B (Highest High + Lowest Low) / 2 for the last 52 periods, projected 26 periods ahead 5. Chikou Span Today’s Close plotted 26 periods back 6. Cloud (or Kumo) The area between the Senkou Span A and Senkou Span B
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