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A Walk Through Ichimoku
Ichimoku is a trading system developed before World War II by Mr. Goichi Hosada, with the goal of being able to perform the entirety of his analysis from one single indicator. The term Ichimoku can be roughly translated to mean ‘one glance,’ indicating that no other indicators or technical methods are required to use the system. There are 5 lines used with Ichimoku, and this article will explain each. The Signal At the heart of Ichimoku is a 9 and 26 period moving average built on average price. The 9 period Moving Average is called ‘Tenkan-Sen,’ while the 26 period moving average is called by ... (full story)