Ichimoku

An indicator represented by a combination of five lines, three of which are moving averages and two of which are their derivatives.

Ichimoku not only determines the presence of a trend, but also provides information about the location of support and resistance zones, while also determining trend rollbacks. The Ichimoku indicator was developed in 1930 by the Japanese analyst Goichi Hosoda (pseudonym Ichimoku Sanjin); it was presented to the public only in 1960 as a tool for analyzing the behavior of the Nikkei index.

In the trading terminal, the Ichimoku indicator is represented by five lines on the price chart, two of which form the so-called “cloud” (a dotted range between the two lines).

The Ichimoku indicator gives the strongest signal if the price was in the “cloud” and left its border. In this case, the market is considered to have come out of the flat and has become a trend.

If the Tenkan and Kijun SenkouA lines are located in series and parallel to each other, then a stable trend is considered to have set in on the market.

Weaker signals will be those to complete trades when the Tenkan and Kijun lines cross (in the direction of the cross) and the price crosses the Chikou line.

Indicator settings

Parameters

Name	Description
Tenkan	Shows the average price value, which is defined as the sum of maximums and minimums, divided by 2, over the time interval specified in the value (9 candles by default). Tenkan is the fastest of the Ichimoku indicator lines and shows the direction of the trend with its slope. A line is directed upwards means that the trend is ascending; downwards means it is descending.
Kijun	This is the average value between the maximum and the minimum for the selected period of time (a period of 26 candles by default).
SenkouA	Since it is their average value, the first line of the “cloud” and the derivative of Tenkan and Kijun shifted forward by the Kijun (26) period. Performs the support/resistance function of the current trend.
SenkouB	Shows the average value between the minimum and maximum for the selected time period, but the line is shifted forward by the amount specified in the Kijun value (the period is 52 candles by default, and the shift is 26 candles).
Chikou	The line that is formed by the closing prices of the periods is shifted back by the amount of Kijun (26). If the line crosses the price from bottom to top, it is a signal to buy; if it crosses from top to bottom, it is a signal to sell.
Kumo	The filled sector between the SenkouA and SenkouB lines forms a cloud of the Ichimoku indicator.

Charts

Name	Description
Chart	Enable or disable display of the chart.
Marker	Enable or disable display of the marker.
Chart type	Selection of the type of chart.
Split color	Possibility of splitting the color in the chart.
Color	Selection of the chart color.
Line width	Selecting the chart line width.
Line style	Selecting the chart line style.

Indicator

Name	Description
Indicator	Enabling or disabling the indicator display on the chart.
Name	Enabling or disabling the indicator name display in the information line.
Values	Enabling or disabling the indicator value display in the information line.
Markers	Enabling or disabling the indicator markers display on the scale.
Calculation	Select when the calculation will be performed.
Area	Selection of an area to display the indicator.