Ichimoku Cloud indicator simply explained. Formula and use in Trading
Definition:The Ichimoku Cloud, or Ichimoku Kinko Hyo, is a versatile indicator that provides information about support/resistance levels, direction of the trend, and momentum. It’s composed of five lines: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. Formula and Calculation: Ichimoku Cloud (Ichimoku Kinko Hyo) Formulas Possible Settings:The Ichimoku Cloud’s default settings are…