Tuesday 23 January 2018

Ichimoku et al

I'm a big fan of Ichimoku and ChaosTrader's most excellent tutorials on YT


What is Ichimoku?

All respect to the originator, Goichi Hosoda (細田悟一 Hosoda Goichi)

The components:-
Tenkan-sen (転換) calculation: (highest high + lowest low)/2 for the last 9 periods.

Kijun-sen (基準) calculation: (highest high + lowest low)/2 for the past 26 periods.
Senkou (先行) span A calculation: (Tenkan-sen + kijun-sen)/2 plotted 26 periods ahead.
Senkou span B calculation: (highest high + lowest low)/2 calculated over the past 52 time periods and plotted 26 periods ahead.
Chikou (遅行) span calculation: today's closing price projected back 26 days on the chart.

Kumo (, cloud) is the space between senkou span A and B. The cloud edges identify current and potential future support and resistance points.


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