Andrew Keene – Ichimoku Cloud Course
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Andrew Keene – Ichimoku Cloud Course

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With so many tools and resources available to traders, it can be difficult to know which indicators will work the best for your trading plan. The majority of technical indicators have very specific applications, and usually don’t work the same for every trading style. Another problem with most technical indicators is that they are not…

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The Ichimoku cloud is a highly valuable technical indicator because it looks at the past, the present and the future. It is also free and available on a wide variety of trading platforms. If youre not familiar with the Ichimoku cloud, here are the basics:

The term Ichimoku means at first glance. At first glance, is a stock bearish, bullish or neutral? Where is a good entry, and where is a good exit? Lets take a look at the components that make up the Ichimoku cloud:

First, lets look at the tenken-sen (red) line. This line shows the short-term trend and it is calculated as follows:

Tenken-sen line = the highest high + the lowest low over the last 9 periods divided by 2.
This formula has a Fibonacci retracement built into its calculation. Its an effective indicator because it works better than simple moving averages.
The Kinjun-sen line (green) shows the longer-term trend. The calculations for this line is:

Kinjun-sen line= the highest high + the lowest low over the last 26 periods divided by 2.
So the tenken-sen and kinjun-sen lines show the short-term and longer-term trends in a market at the present time.