Ichimoku Kinko Hyo

Category: trend

A comprehensive trend-following indicator identifying market equilibrium and support/resistance levels through 5 different components.

Formula

Tenkan = (Highest(High, 9) + Lowest(Low, 9)) / 2  \nKijun = (Highest(High, 26) + Lowest(Low, 26)) / 2  \nSenkou A = (Tenkan + Kijun) / 2 [Shifted +26]  \nSenkou B = (Highest(High, 52) + Lowest(Low, 52)) / 2 [Shifted +26]  \nChikou = Close [Shifted -26]

Inputs

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

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