Ichimoku Kinkō Hyō

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Ichimoku Kinko Hyo (Jap.一 目 均衡 表, Ichimoku Kinko hyō ), usually just called ichimoku is a method of technical analysis, which builds on candlestick charts and aims to improve the accuracy of the prediction of price movements.

History

Ichimoku Kinko hyō means " Everything at a glance". The Japanese journalist Goichi Hosada (细 田 悟 一) published this technical analysis method 1968. He was also known as Ichimoku Sanjin, as a "master ( of ) Ichimoku ". About 30 years he developed together with students at this indicator technique before he introduced them to the public. To date, the Ichimoku has held as an indicator in the Chartanlyse and is not only popular only in Japan but also in the rest of the world. The Ichimoku found both share trading, as well as foreign exchange, fixed income, futures, commodities and options market application. The Ichimoku Kinko hyō was developed in a time when Saturday is still counted as a trading and a trading week was accordingly six trading days. Due to the current 5 - day week, there are users who are over it shows that the original indicator settings need to be modified and the period would have to be modified on 7, 22, and 44.

Baking tests have shown, however, that the adjustment of the period has almost no influence on the performance of the system.

Description

The Ichimoku Kinko Hyo does not consist merely of a line, how many other indicators of technical analysis, but consists of five different indicator lines, each individual plays a specific meaning. Therefore, the Ichimoku Kinko Hyo is not only as an indicator, but as a complete trend following system.

The elements of the Ichimoku charts are:

The strategy of this trend-following system is to act only the signals that move in the direction of the major trend. The Ichimoku Kinko Hyo is special about this is that in addition to the trend direction and trend strength is displayed. There are not only generates buy and sell signals in strong, neutral or weak expression, but it will also support and resistance zones displayed.

Weighting of the signals:

• A strong buy signal occurs when the Tenkan Sen and Kijun intersection of Sen takes place above the cloud.
• A neutral buy signal occurs when the Tenkan Sen and Kijun intersection of Sen within the cloud takes place.
• A weak buy signal occurs when the Tenkan Sen and Kijun intersection of Sen takes place below the cloud.

For sale signals the opposite rules apply.

Application

The Ichimoku Kinko Hyo can either be used for better visualization of an image or chart you are one of the five classical methods:

• Tenkan Sen and Kijun intersection of Sen,
• Crosses the course with Kijun Sen,
• Outbreak of the course from the Kumo,
• Color change of the Kumo or crosses the Senkou spans or
• Crosses the course with Chikou chip.