Ichimoku Cloud indicator simply explained. Formula and use in Trading

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…

Best Trading Forex Indicators – Complete Guide

Best Trading Forex Indicators – Complete Guide

In the world of currency trading, Forex indicators play a pivotal role in helping online traders make informed decisions about entry and exit points, potential trend reversals, and market momentum. These indicators, derived from mathematical computations based on historical data, provide visual tools and insights to identify patterns in the ever-fluctuating foreign exchange market. There…