Ichimoku Cloud
Ichimoku Cloud: conversion and base lines, the lagging span and a cloud projected forward, giving trend, momentum and support / resistance in one view.
How to read it
- Price above the cloud is bullish, below it bearish, inside it neutral.
- Tenkan crossing Kijun (TK cross) signals a momentum change.
- A thick cloud ahead is strong support or resistance; a thin one is weak.
Key settings
- Conversion 9, base 26, lagging span 52, displacement 26.
- TK cross and cloud breakout marks on; cloud opacity.
Good to know
- Drawn on the price pane, over the candles.