The Ichimoku Cloud (Ichimoku Kinkō Hyō) was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s.
The Ichimoku Cloud, also known as the Ichimoku Kinko Hyo, is a technical indicator that is used to identify trends and support and resistance levels in the market. It is plotted as a series of lines and a cloud on a chart and is designed to provide a visual representation of the asset's price action over a given time period.
The Ichimoku Cloud consists of five main components:
Traders often use the Ichimoku Cloud to identify trends, as well as to determine potential entry and exit points in the market. For example, a trader might look for a breakout above or below the cloud as a potential trend reversal signal, or look for price action to move above or below the Tenkan-sen or Kijun-sen lines as a potential trend confirmation signal.
Overall, the Ichimoku Cloud is a useful tool for identifying trends and support and resistance levels, and can be a helpful addition to a trader's toolkit.
The Ichimoku Cloud is a time tested approach heralded by beginners and experts alike. This module is the purest implementation I could develop. It allows for full tunability while allowing all of the modulus framework features, including confirmation bias and differential timeframe analysis.
The Tenkan, Kijun, Sekou A, Sekou B, and Displacement are all user configurable. There is also a special aggressive setting that leverages the Ichimoku Cloud in an unique way for dollar cost averageing.
The Jackrabbit modulus framework is a plug in play paradigm built to operate through TradingView's indicator on indicatior (IoI) functionality. As such, this script receives a signal line from the previous script in the IoI chain, and evaluates the buy/sell signals appropriate to the current analysis. The results are either combined with the signal line, or used as confirmation to the signal line. A new signal line is generated for the next script in the link.
Buy/Sell alerts are produced, but this script is not designed or meant to function outside my framework. By default, the signal line is visible and the charts are turned off. Signal line visibility is controlled by the Style tab, and the charts display is controlled by the indicator settings tab.
This script is part of a subscription along with 20 other scripts that make up Jackrabbit TV. For more information, please visit my patreon site.
Please note RAPMD Crypto, LLC ("the Company"), does not provide financial advice. The Company, and any associated companies, owners, employees, agents or volunteers, do not hold themselves out as Commodity Trading Advisors ("CTAs") or Authorized Financial Advisors ("AFAs"). The owners, publishers, employees and agents are not licensed under securities laws to address particular investment situations. No information presented constitutes a recommendation to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.
All content is for informational purposes only. The content provided herein is not intended to replace or serve as a substitute for any legal, tax, investment or other professional advice, consultation or service. It is important to do your own analysis before making any investment based on your own financial circumstances, investment objectives, risk tolerance and liquidity needs.
All investments are speculative in nature and involve substantial risk of loss. The Company does not in any way warrant or guarantee the success of any action you take in reliance on the statements, recommendations or materials. The Company, owners, publishers, employees and agents are not liable for any losses or damages, monetary or other that may result from the application of information contained within any statements, recommendations or materials. Individuals must use their own due diligence in analyzing featured trading indicators, other trading tools, webinars and other educational materials to determine if they represent suitable and useable features and capabilities for the individual.
Past performance is not indicative of future results. Investments involve substantial risk. Any past results provided are intended as examples, resarch, and education only and are in no way a reflection of what an individual could have made or lost in the same situation.