Ichimoku Kinko Hyo

Category: trend, volatility, market_structure

A comprehensive trend-following indicator that identifies support/resistance levels, trend direction, and momentum. It consists of five lines, two of which form the 'Kumo' or cloud.

Formula

Tenkan = (HighestHigh(9) + LowestLow(9)) / 2  
Kijun = (HighestHigh(26) + LowestLow(26)) / 2  
SenkouA = Shift((Tenkan + Kijun) / 2, 26)  
SenkouB = Shift((HighestHigh(52) + LowestLow(52)) / 2, 26)  
Chikou = Shift(Close, -26)

Inputs

• InpTenkan (default: 9)
• InpKijun (default: 26)
• InpSenkou (default: 52)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.