Ichimoko

Five indicators comprise the Ichimoko Kinko Hyo “one glance cloud chart”. You have the two moving averages: Kijun-Sen for long-term and Tenkan-Sen for the short-term. Like all MA indicators, the short-term crossing the long-term indicates a buy or sell signal. After this are the two Senkou spans and the cloud the outline. The first Senkou span’s based on the KS and TS; the second averages the highest high added to the lowest low. The type of cloud (SSA > SSB or vice versa) predicts the price.