The Ichimoku Kinko Hyo is finely tuned and working as a whole, so changing the Ichimoku Kinko Hyo setting to something other than the standard can cause the system to become unbalanced or generate invalid signals. There is an opinion that there is.

Turning line

As mentioned above, the turning line is recorded as follows:

(9-day high + 9-day low) ÷ 2

Many people may liken the turning line to the 9-day moving average (SMA), but in the sense that SMA calculates the average of the highest and lowest prices over the last 9 days, what is a turning line? It's completely different. Hosoda thought that it would be better to use the average price of extreme prices over a period of time than to use the average price of the closing price. With this explanation of the turning point, you will be able to go further into the important points of "equilibrium" found in the chart of "Ichimoku Kinko Hyo".

Reference line

The reference line is recorded as follows:

(26-day high + 26-day low) ÷ 2

The reference line is one of the "center lines" of the Ichimoku Kinko Hyo, and its uses are diverse. Similar to the turning line, the average of the high and low prices is calculated, but it is calculated over a longer period of 26 days compared to the 9 days of the turning line. In this way, the "reference line" provides the same information as the "conversion line" over a longer time axis.

Lagging span (lagging line)

The lagging span of the Ichimoku Kinko Hyo is recorded as follows:

Record the closing price of the day back 26 days

The lagging span is one of the features of the Ichimoku Kinko Hyo, which is a line for more clearly grasping price movements by shifting the time back and forth on a certain line. For lagging spans, the current closing price is shifted back by 26 days. It may be confusing at first, but it's easy to see a comparison of the current price action and the price action 26 days ago, which can help you determine the direction of the trend.

Leading span A

The leading span A is recorded as follows:

(Conversion line + reference line) ÷ 2 recorded 26 days ahead

Leading span A, along with leading span B, is known to form the underlying clouds for the Ichimoku Kinko Hyo daily chart. Leading span A is also one of the lines peculiar to the Ichimoku Kinko Hyo. This is 26 days ahead. Since it is the average value of the turning line and the reference line, the leading span A is itself an indicator of equilibrium. Hosoda was well aware that prices tend to follow support and resistance, so by moving this line forward by 26 days, the current price movement and support 26 days ago when prices progress later. I made it possible to grasp "at a glance" where the resistance is.

Leading span B

The leading span B is recorded as follows:

(52 days high + 52 days low) ÷ 2 recorded 26 days ahead

The leading span B, along with the leading span A, is known to form the cloud that forms the basis of the Ichimoku Kinko Hyo. Leading span B represents the longest equilibrium in the "Ichimoku Kinko Hyo" system. Rather than calculating the last 26 days as in leading span A, leading span B calculates the average of the highs and lows of the last 52 days. This will allow you to see this long-term equilibrium table before the current price movements and make informed trading decisions.

It is possible to use leading spans A and B alone, but the true power lies in the cloud of combination.

This comprehensive guide details how to look at the Ichimoku Kinko Hyo like a professional, how to set up the Ichimoku Kinko Hyo, and the clouds of the Ichimoku Kinko Hyo that are important for successful trading.

2021.07

一目均衡表の設定 I Japanese FX