Ichimoku Kinko Hyo

Ichimoku Kinko Hyo is a technical indicator that that builds on candlestick charting to improve the accuracy of forecast price moves. Ichimoku Kinko Hyo was developed in the late 1930s by Goichi Hosoda. 

Ichimoku Kinko Hyo

Ichimoku Kinko Hyo is a technical indicator that that builds on candlestick charting to improve the accuracy of forecast price moves.

Ichimoku Kinko Hyo was developed in the late 1930s by Goichi Hosoda. He spent thirty years perfecting the technique before releasing his findings to the general public in the late 1960s.

 


Interpretation of Ichimoku Kinko Hyo

Ichimoku Kinko Hyo is used to gauge momentum along with future areas of support and resistance. It is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span.

Ichimoku Kinko Hyo was developed so that a trader can gauge an asset's trend, momentum and support and resistance points without the need of any other technical indicator.



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