Thread by @MarketScientist

Ichimoku System Simplified📒

🔵Its an indicator developed by Goichi Hosda in 1969 before practicing it for 30 yrs in trading
🔵It is one of the finest & versatile trading indicator which helps in identifying trend direction, supports/resistances & other trading signals

1/n

Ichimoku System Simplified📒

🔵Ichimoku trading system has 5 components...
1.Tenkan-Sen (Conversion Line)
2.Kijun-Sen (Base Line)
4.Senkou Span A
3.Senkou Span B
5.Chikou Span (Lagging Line)
🔵The most important part of it the Cloud or Kumo which forms with Span A & B

2/n

Ichimoku System Simplified 📒

🔵The trend is up when price is above the cloud, down when price is below the cloud and flat when price is moving in b/w the cloud
🔵The uptrend gets stronger when the leading Span A rises above the Span B to form a green cloud &
Vice Versa

3/n

Ichimoku System Simplified 📒

🔵Tenkan-Sen(Conversion Line) is the mid-point of the highest and lowest prices of an asset for the last 9 periods
🔵Kijun-sen(Base line) is the midpoint of the highest and lowest prices for the last 26 periods
🔵This gives us more refined view

4/n

Ichimoku System Simplified📒

Case Study💡
🔵Buy when price is above the green cloud or taking support at Span A
🔵Sell when price is below the cloud & taking resistance at Span B
🔵Use Tenkan-Sen & Kijun-sen crossovers to gauge the strength
🔵Refer pics

End of Thread
Thanks 🙏