Ichimoku Kinko Hyo Technical Indicator Ichimoku Kinko Hyo is meant for determination of market trend, support and resistance levels and generation of buy and sell signals. It works the best at the weekly and daily charts. Four time-frames of different length are used for defining of settings dimension. Rates of separate lines, composing this indicator are based upon these time-gaps: Tenkan-sen shows average price for the first period, detected as a sum of maximum and minimum of this period divided into two; Kijun-sen indicates average price for the second period; Senku Span A shows the middle of distance between the previous two lines moved forward in the length of the second time period; Senkou Span B shows average price of the third period moved forward in the size of the second time period. Chinku Span indicates the closing price of the current bar moved backwards in the size of the second period. Distance between the Senkou
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