Introduction
Ichimoku Kinko Hyo usually just called ichimoku is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves. It was developed in the late 1930s by Goichi Hosoda, a Japanese journalist who used to be known as Ichimoku Sanjin, which can be translated as "what a man in the mountain sees". He spent thirty years perfecting the technique before releasing his findings to the general public in the late 1960s.
Ichimoku Kinko Hyo translates to 'one glance equilibrium chart' or 'instant look at the balance chart' and is sometimes referred to as 'one glance cloud chart' based on the unique 'clouds' that feature in ichimoku charting.
Ichimoku is a moving average-based trend identification system and because it contains more data points than standard candlestick charts, provides a clearer picture of potential price action.
The main difference between how moving averages are plotted in ichimoku as opposed to other methods is that ichimoku's lines are constructed using the 50% point of the highs and lows as opposed to the candle's closing price.
Ichimoku factors in time as an additional element along with the price action, similar to William Delbert Gann's trading ideas.
Source: http://en.wikipedia.org/wiki/Ichimok...C5%8D_Hy%C5%8D
Template:
Template: uploaded on Oct 16, 2014
For the timing indicator, it is EJ_CandleTime_Blue, you can search google and add it by your favor.
Ichimoku Kinko Hyo usually just called ichimoku is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves. It was developed in the late 1930s by Goichi Hosoda, a Japanese journalist who used to be known as Ichimoku Sanjin, which can be translated as "what a man in the mountain sees". He spent thirty years perfecting the technique before releasing his findings to the general public in the late 1960s.
Ichimoku Kinko Hyo translates to 'one glance equilibrium chart' or 'instant look at the balance chart' and is sometimes referred to as 'one glance cloud chart' based on the unique 'clouds' that feature in ichimoku charting.
Ichimoku is a moving average-based trend identification system and because it contains more data points than standard candlestick charts, provides a clearer picture of potential price action.
The main difference between how moving averages are plotted in ichimoku as opposed to other methods is that ichimoku's lines are constructed using the 50% point of the highs and lows as opposed to the candle's closing price.
Ichimoku factors in time as an additional element along with the price action, similar to William Delbert Gann's trading ideas.
Source: http://en.wikipedia.org/wiki/Ichimok...C5%8D_Hy%C5%8D
Template:
Template: uploaded on Oct 16, 2014
For the timing indicator, it is EJ_CandleTime_Blue, you can search google and add it by your favor.
