The Ichimoku indicators are used together as one set of signals. If the signals do not agree, the chart is unreliable. When all three signals are in agreement, the signal is strong.
Tenkan-sen / Kijun-sen. A buy signal is generated when the Tenkan-sen crosses above the Kijun-sen. A sell signal is generated when the Tenkan-sen crosses below the Kijun-sen. The Tenkan-sen and Kijun-sen can be used as support and resistance.
Senkou Span A / Senkou Span B. The area between the two Spans is the Kumo, or cloud. A buy signal is generated when the close crosses above the cloud. A sell signal is generated when the close crosses below the cloud. Near the intersections of Span A and Span B, the market has a tendency to become chaotic. The Senkou Spans can also be used as support or resistance. When the close is above the cloud, the Spans act as two levels of support. When the close is below the cloud, the Spans act as two levels of resistance.
Chikou Span / Close. A buy signal is generated when the Chikou Span crosses above the close. A sell signal is generated when the Chikou Span crosses below the close.
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.180 | 50000 | 1 |
0.190 | 43175 | 2 |
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