Ichimoku Power Up

Last Updated: Wed, 04 Aug 2021 17:01:02

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.

Ichimoku Kinko Hyo translates into 'one look equilibrium chart'.

Stocks are classified in an uptrend as long as Senkou Span A is above Senkou Span B and the Close is above Senkou Span B.

A breakout within this uptrend occurs when price moves above the Kijun-sen.

Contributor: AK.

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