Trading With the Clouds — Ichimoku Kinko Hyo in Python

Ichimoku Kinko Hyo Simplified from A — Z

Sofien Kaabar, CFA

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Ichimoku Kinko Hyo, often referred to simply as Ichimoku, is a comprehensive technical analysis system designed to gauge market trends, momentum, support, and resistance levels. It originated in Japan and translates to one glance equilibrium chart, emphasizing its ability to offer a holistic view of price action.

This article will give you everything you need to know about this system and how to code it in Python

History and Origins

Ichimoku Kinko Hyo was developed by a Japanese journalist named Goichi Hosoda in the late 1930s but wasn’t widely introduced until the late 1960s. His goal was to create a one-glance system that could quickly and effectively identify trends and potential trading signals.

The system was designed not just for short-term speculation but also to offer insight into longer-term market dynamics.

Goichi Hosoda-san

Components of Ichimoku Kinko Hyo

Ichimoku consists of five main lines or components that work together to provide a…

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