Ichimoku Power Up

Last Updated: Fri, 03 Dec 2021 17:01:01

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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Disclaimer: Use of the information herein is at one's own risk. The information provided here is not, and must not be construed to be, or form part of, any recommendation, offer or invitation to buy or sell any securities. Some of the information here is exclusively for iSaham clients only.



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