Ichimoku Kinko Hyo

Dictionary Says

Definition of 'Ichimoku Kinko Hyo'

A technical indicator that is used to gauge momentum along with future areas of support and resistance. The Ichimoku indicator is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span. This indicator 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.
Investopedia Says

Investopedia explains 'Ichimoku Kinko Hyo'

"Ichimoku" is a Japanese word that means "one look." This charting technique was created by a Japanese newspaper writer. It does look very complicated when a trader sees the indicator for the first time, but don't hesitate to give this indicator a try because the complexity quickly disappears once you gain an understanding of what the various lines mean and why they are used.

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Related Definitions

  1. Chartist

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  2. Support (Support Level)

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  3. Resistance (Resistance Level)

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  4. Momentum

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  5. Tenkan-Sen

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  6. Kijun-Sen

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  7. Senkou Span A

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  8. Chikou Span

    A component of ...
  9. Senkou Span B

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