Ichimoku

Ichimoku Cloud

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a comprehensive indicator that defines support and resistance, identifies trend direction, gauges momentum, and provides trading signals. It consists of five lines: Conversion Line, Base Line, Leading Span A, Leading Span B, and Lagging Span. The cloud (Kumo) formed by the two leading spans helps identify trend direction and strength.