Ichimoku Kinkō Hyō
, usually shortened to "''Ichimoku",'' is a technical analysis method that builds on candlestick chart, candlestick charting in an attempt to improve the accuracy of forecast price moves. History It was developed in the late 1930s by , a Japanese journalist who used to be known as , which can be translated as "what a man in the mountain sees". He spent 30 years perfecting the technique before releasing his findings to the general public in the late 1960s. ''Ichimoku Kinko Hyo'' translates to ''one glance equilibrium chart'' or ''instant look at the balance chart'' and is sometimes referred to as "one glance cloud chart" based on the unique "clouds" that feature in Ichimoku charting. Ichimoku is a moving average-based trend identification system and because it contains more data points than standard candlestick charts, it provides a clearer picture of potential price action. The main difference between how moving averages are plotted in Ichimoku as opposed to other methods is ...
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