Ichimoku Kinkō Hyō
Japanese 5-line system showing trend + support/resistance + momentum + signal in one view.
Continuation
Difficulty: ●●●●●
Reliability: 7/10
Developed by Goichi Hosoda (1936, published 1969). The name means "one-glance balance chart".
The 5 lines
- Tenkan-sen (conversion, 9 periods): short-term level
- Kijun-sen (base, 26 periods): medium-term + strong S/R
- Senkou Span A: (Tenkan + Kijun) / 2, projected 26 periods forward
- Senkou Span B: (high + low over 52 periods) / 2, projected 26 forward
- Chikou Span: current close shifted 26 periods back
The Kumo (cloud)
Zone between Senkou A and B, projected 26 periods forward. The central concept:
- Price above Kumo = uptrend
- Price below = downtrend
- Price inside = consolidation
- Green Kumo (A > B) = bullish future bias; red = bearish
Classic entry signals
- TK Cross: Tenkan crosses Kijun (long if bullish above Kumo)
- Kumo break: major trend change
- Free Chikou Span (not blocked by past candles) = strength signal
Pros / cons
Dense info but long to master. Very effective on 4H/daily, less on short TFs (noise).
When to look
Ideal on 4H and daily. Trends and ranges, works in both.
Confirmation
Confluence of all 5 signals (TK cross + Kumo break + free Chikou + bias) for strong validation.
Also called: Kumo, TK Cross, Ichi