What Is Ichimoku Cloud? Back to list

Member SinceJul 08, 2021

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Sterling

May 23, 2022 a 12:44
The Ichimoku Cloud is a group of specialised indicators that provide support and resistance levels as well as momentum and trend direction. It accomplishes this by drawing many midpoints on the chart. It also employs these facts to generate a "Cloud," which attempts to forecast where the price will find future support and resistance.

In the late 1960s, Goichi Hosoda, a Japanese novelist, devised and popularised the Ichimoku cloud. It is more focused on information than a normal candle chart. While it may appear complex at first, those who understand how to interpret the diagrams frequently consider it is straightforward with all-around established trade indications.

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