Ichimoku云图.pdf

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Introduction
From IchiWi 1Equilibrium at a Glance
The name Ichimoku Kinko Hyo, which translates to "Equilibrium chart at a glance" aptly describes the system
and how it is to be used, as described below:
• While Ichimoku utilizes five separate lines or components, they are not to be used individually, in
isolation, when making trading decisions, but rather used together to form an integrated "whole"
picture of price action that can be gleaned "at a glance". Thus, a simple look at an Ichimoku chart
should provide the Ichimoku practitioner with a nearly immediate understanding of sentiment,
momentum and strength of trend.
• Price action is constantly measured or gauged from the perspective of whether it is in relative
equilibrium or disequilibrium. Hosoda strongly believed that the market was a direct reflection of
human group dynamics or behavior. He felt that human behavior could be described in terms of a
constant cyclical movement both away from and back towards equilibrium in their lives and
interactions. Each of the five components that make up Ichimoku provide its own reflection of this
equilibrium or balance.
Ichimoku Components
The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the
complete "Ichimoku picture". A summary of how each line is calculated is outlined below:
TENKAN SEN ("turning line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 9 periods

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KIJUN SEN ("standard line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 26 periods

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CHIKOU SPAN ("lagging line")

CURRENT CLOSING PRICE time-shifted backwards (into the pas