Ichimoku Kinko Hyo (IKH) is an indicator that gauges future price momentum and determines future areas of support and resistance.
Let's Get Started with this:
If the price is higher than the blue line, it could continue to climb higher.
If the price is below the blue line, it could keep dropping.
If the red line is moving up or down, it indicates that the market is trending.
If it moves horizontally, it signals that the market is ranging.
If the green line crosses the price from the top-down, that’s a sell signal.
Here’s that line-filled chart once more, this time with the trade signals:
It sure looks complicated at first but this baby’s got support and resistance levels, crossovers, oscillators, and trend indicators all in one go! Amazing, right?
Okey dokey, we’ve already covered a smorgasbord of indicators. Let’s see how we can put all of what you just learned together
Let's Get Started with this:
Kijun Sen
Meanwhile, the Kijun Sen acts as an indicator of future price movement.If the price is higher than the blue line, it could continue to climb higher.
If the price is below the blue line, it could keep dropping.
Tenkan Sen
The Tenkan Sen is an indicator of the market trend.If the red line is moving up or down, it indicates that the market is trending.
If it moves horizontally, it signals that the market is ranging.
Chikou Span
Lastly, if the Chikou Span or the green line crosses the price in the bottom-up direction, that’s a buy signal.If the green line crosses the price from the top-down, that’s a sell signal.
Here’s that line-filled chart once more, this time with the trade signals:
It sure looks complicated at first but this baby’s got support and resistance levels, crossovers, oscillators, and trend indicators all in one go! Amazing, right?
Okey dokey, we’ve already covered a smorgasbord of indicators. Let’s see how we can put all of what you just learned together
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