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Ichimoku Kinko Hyo Indicator
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Ichimoku Kinko Hyo  Indicator  is a universal indicator is intended to determine the main trends in the market and  to determine the level of support and resistance as well.

Ichimoku Kinko Hyo unite a whole group of indicators and different approaches to the analysis of the market and is one of the most controversial technical indicators to determine market trend.
Ichimoku Kinko Hyo  Indicator


"Ichimoku" is translated as "instant view" or "one glance". " Kinko " is the "balance"  and "Hyo" is the "chart". Taken together, a complete translation corresponds to the "one look at the cloud chart" or "an immediate idea of balance chart. In 1969 was published the first method to work with these indicators. And as the experience of using these techniques no one has yet received a negative result.

The Ichimoku Kinko Hyo indicator consists of 3 main lines: Tenkan-sen, Kijun-sen and Chinkou Span.

There are four different time ranges in the Ichimoku Kinko Hyo indicator:

- Tenkan-sen - this is the middle price between the maximum and minimum prices for the first time interval.
- Kijun-sen - a mean between the maximum and minimum prices for the second time interval.
- Chinkou Span A - is midway between two previous lines shifted in the future on the value of the second interval.
- Chinkou Span B - is the middle between the maximum and minimum prices for the third time interval shifted to the future on the value of the second timing.

The range between Chinkou Span is indicated on the chart in a different color and is a "cloud".

Drawbacks and advantages of using indicator Ichimoku:

The only significant drawback of this indicator is that it show mixed signals during the flat, especially there is the narrow flat.
A typical advantage is a clear interpretation during the beginning of a new trend.

Use of this indicator is better on large timeframes (month, day, 4 hours).

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