About the Ichimoku Kinko Hyo Indicator - A Very Powerful Technical Indicator by chimzycash

blockchaintech-crypto · @chimzycash · Jan 31 '23

$0.60

About the Ichimoku Kinko Hyo Indicator - A Very Powerful Technical Indicator

https://binomoclub.com/photos/binomo/how-to-use-ichimoku-kinko-hyo-indicator-in-binomo-trading-1.png
[Source](https://binomoclub.com/photos/binomo/how-to-use-ichimoku-kinko-hyo-indicator-in-binomo-trading-1.png)

When it comes to crypto technical analysis for trading or investing on any asset, the Ichimoku Kinko Hyo indicator is one of the many technical indicator tools that is very popular and used by a lot of traders for technical analysis and is considered as one of the best indicators for new traders. The Ichimoku Kinko Hyo indicator is basically a technical indicator that is mostly used to determine the momentum along with future areas of support and resistance of any cryptocurrency asset. Quickly looking at the history of the Ichimoku Kinko Hyo indicator, it was basically or originally the creation of a Japanese newspaper writer with the main aim of combining different strategies into one technical indicator.

The English interpretation of ichimoku basically means one look and is also known as an all-in-one indicator, which was made so as to help traders (cryptocurrency traders) have to only make one look at the cryptocurrency chart to be able to determine momentum, support, and resistance[.](https://steemit.com/hive-108451/@chimzycash/steemit-crypto-academy-season-3-week-1-post-for-kouba01) One of the main benefits and use of the Ichimoku Kinko Hyo indicator is for measuring momentum along with future areas of support and resistance of any cryptocurrency asset chart. The technical indicator is very useful for identifying trends and market movements.

#### What are the different lines that make it up?
When it comes to the Ichimoku Kinko Hyo indicator, there are 5 different components or lines that make up the Ichimoku Kinko Hyo indicator. These 5 lines are;

**Tenkan-sen** – This is also known interpreted as the conversion line. The Tenkan-sen line basically represents supports, resistance level and signal line in the chart. Calculating the Tenkan-sen line is basically done by doing the addition of the highest high and lowest low of the past 9 periods and when the addition is done, the result is divided by two.

**Kijun-sen** - This is also known interpreted as the base line. The Kijun-sen line basically represents key support and resistance level as well, however, the Kijun-sen line is great for confirming a change in trend in the market and also can be very useful to determine where to set trailing stoploss point. Calculating the Kijun-sen line is basically done by doing the addition of the highest high and lowest low of the past 26 periods and when the addition is done, the result is divided by two.

**Chikou Span** - This is also known or interpreted as the lagging span. The Chikou Span is basically the current period’s closing price that is plotted on the chart 26days in the past. Chikou Span line is basically used for showing the possible support and resistance areas.

**Senkou Span A** - This is also known interpreted as the leading span A. The Senkou Span A is basically used for identifying future support and resistance areas. Calculating the Senkou Span A is basically done by doing the summation or addition of the tenkan-sen and the kijun-sen and when the addition is done, the result is divided by two and when the addition is done, the result is divided by two, and projecting the result 26 periods ahead.

**Senkou Span B** - This is also known interpreted as the leading span B. The Senkou Span B is very similar to the Senkou Span A in terms of what it is used for, but different in how it is calculated. In the Senkou Span B, the other edge of he kumo which was formed from the resulting line is basically used for identifying future support and resistance areas. Calculating the Senkou Span B is basically done by doing the summation or addition of the highest high and the lowest low on the previous 52 periods, and when the addition is done, the result is divided by two and projecting the result 26 periods ahead.

![Screenshot (3238).png](https://cdn.steemitimages.com/DQmXUS5FNVd35UGCuNP9JQMW4n1eDW4mufjD1BH93p1QUbU/Screenshot%20(3238).png)

</div>

👍 pouchon, truce, jingjing1616, bitrocker2020, ano123, moeenali, zartisht, aaronli, kevinwong, tanlikming, ikrahch, windowglass, theb0red1, intrepidthinker, hypersonic1, dbooster, rightwing670, mawit07, nostalgic1212, winniex, supremebape, mrpointp, cheva, mrspointm, thomasbrown, lovequeen, xylliana, bigtakosensei, sharkface, happyphoenix, aekraj, zanoz, zellypearl, ferrate, kitty-kitty, elderson, brucutu2, lovelingling, byebyehamburgers, elizacheng, hattaarshavin, brucutu, avel692, atyh, sinzzer, babarakas43, aellly, chinyerevivian, mnurhiver, rymlen, nworb, apokruphos, ireenchew, kryptoking1, cryptovues, zhangyan-123, rocketpower, greendeliverence, sames, jluvs2fly, julian2013, xyzxyz, backscratcher, tworealsolutions, and 63 others

`author`	chimzycash
`permlink`	about-the-ichimoku-kinko-hyo-indicator-a-very-powerful-technical-indicator
`category`	blockchaintech-crypto
`json_metadata`	{"tags":["blockchaintech-crypto","piotr"],"image":["https://binomoclub.com/photos/binomo/how-to-use-ichimoku-kinko-hyo-indicator-in-binomo-trading-1.png","https://cdn.steemitimages.com/DQmXUS5FNVd35UGCuNP9JQMW4n1eDW4mufjD1BH93p1QUbU/Screenshot%20(3238).png"],"links":["https://binomoclub.com/photos/binomo/how-to-use-ichimoku-kinko-hyo-indicator-in-binomo-trading-1.png"],"app":"hiveblog/0.1","format":"markdown"}
`created`	2023-01-31 22:27:48
`last_update`	2023-01-31 22:27:48
`depth`	0
`children`	0
`last_payout`	2023-02-07 22:27:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.314 HBD
`curator_payout_value`	0.284 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	4,168
`author_reputation`	133,079,851,105,017
`root_title`	"About the Ichimoku Kinko Hyo Indicator - A Very Powerful Technical Indicator"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	120,373,473
`net_rshares`	1,036,019,226,924
`author_curate_reward`	""

properties (23)vote details (127)

voter	rshares	pct
kevinwong	19,114,874,154	2.5%
sinzzer	3,680,465,545	5%
happyphoenix	5,238,681,539	5%
webdeals	2,237,120,441	5%
theb0red1	16,688,876,564	5%
mikehere	1,056,073,371	5%
rymlen	3,267,899,544	5%
bigtakosensei	5,365,647,372	5%
elizacheng	3,913,752,526	2.5%
hattaarshavin	3,911,703,832	5%
intrepidthinker	16,617,302,828	5%
pouchon	179,978,022,254	5%
sharkface	5,285,503,890	5%
sames	2,505,074,577	5%
linakay	2,244,053,225	5%
bitrocker2020	62,261,302,659	5%
reloadbeatbox	1,041,930,910	5%
roncoejr	1,273,050,124	5%
aaronli	19,139,344,793	5%
moemanmoesly	2,097,261,431	5%
zainalbakri	1,525,049,089	5%
mrpointp	9,882,807,741	2.5%
resiliencia	522,411,057	5%
otage	1,754,444,345	5%
mrspointm	9,354,955,518	2.5%
chimzycash	1,806,210,057	5%
mawit07	11,534,104,941	5%
jasonmunapasee	1,996,037,104	5%
jaforce	2,088,306,336	5%
winniex	10,639,295,109	2.5%
dbooster	11,854,767,457	5%
myach	947,656,766	5%
tworealsolutions	2,245,566,227	5%
mattroconnor	1,371,690,262	5%
windowglass	16,743,512,337	2.5%
elderson	4,371,436,939	5%
auleo	1,147,461,290	2.5%
cheva	9,425,577,828	5%
slacktmusic	862,899,194	5%
ikrahch	18,446,820,054	5%
cherryng	1,505,337,506	2.5%
nostalgic1212	11,039,490,142	2.5%
moeenali	33,991,339,692	5%
funkymunky20000	623,678,703	5%
misbitcap	1,356,897,154	5%
babarakas43	3,585,472,707	5%
vonaurolacu	1,517,400,759	2.5%
greendeliverence	2,508,553,473	5%
truce	158,959,972,941	5%
hypersonic1	15,163,741,477	5%
mimidee74	1,067,191,452	5%
koenau	1,133,094,447	2.5%
aellly	3,516,643,113	2.5%
thomasbrown	6,852,115,454	5%
yameen	1,890,630,980	5%
headcrypto	784,753,052	5%
chinyerevivian	3,436,841,239	5%
rightwing670	11,770,699,613	5%
tanlikming	18,698,022,286	100%
ragnar94	944,865,710	5%
archisteem	1,266,986,787	7.5%
idayrus	1,714,672,187	5%
byebyehamburgers	3,924,114,929	5%
nattybongo	1,166,194,353	5%
militaryphoto	686,276,828	25%
lilzmom902	1,957,631,101	5%
graceli	1,103,186,409	2.5%
ireenchew	2,872,137,922	5%
jluvs2fly	2,394,263,542	5%
julian2013	2,341,915,787	2.5%
justinchicken	1,623,383,566	5%
maeusenews	1,037,211,498	5%
cherryzz	1,578,713,211	2.5%
avel692	3,776,908,034	100%
nworb	3,093,671,421	5%
solaiman	1,838,096,438	5%
brucutu	3,801,673,375	5%
ferrate	4,590,076,062	5%
bittrio	1,787,281,070	5%
steemturbo	513,876,298	5%
brucutu2	4,335,603,177	100%
steemegg	898,377,087	2.5%
cryptovues	2,743,015,474	5%
ragnarhewins90	490,881,754	10%
navyactifit	2,125,203,659	50%
apokruphos	3,026,231,224	1%
kitty-kitty	4,459,831,138	100%
paleotwist	1,317,787,769	5%
zellypearl	4,626,896,232	5%
c4cristi3	801,991,656	5%
ano123	36,653,051,539	5%
coreyssteemit77	523,806,275	5%
backscratcher	2,276,423,648	5%
rocketpower	2,621,601,766	100%
curtley	504,329,799	100%
xyzxyz	2,338,486,363	5%
evanstinger	2,140,679,739	5%
aekraj	5,137,804,544	5%
h-hamilton	1,750,290,579	5%
supremebape	9,944,844,550	5%
kryptoking1	2,790,490,049	5%
atyh	3,772,377,797	1.25%
naej	940,270,078	5%
lovequeen	6,399,191,066	2.5%
zartisht	20,070,822,396	5%
hivevote	855,147,372	2.5%
jingjing1616	75,901,190,390	100%
emma-emma	1,078,528,722	2.5%
b0s	2,237,208,360	5%
zanoz	4,775,380,463	5%
ricestrela	965,368,721	2%
xylliana	5,432,669,966	100%
ericaliu	940,655,414	2.5%
duwiky	1,401,735,853	5%
abundancelife	1,260,360,048	2.5%
lovelingling	3,943,819,726	2.5%
everlandd	572,907,460	2.5%
celeste413	1,500,994,849	1.87%
zhangyan-123	2,622,930,989	2.5%
hyun-soo	1,104,289,987	5%
cugel	1,249,006,213	2.5%
circlebubble	630,758,068	3.5%
mistural	671,419,515	5%
mnurhiver	3,385,662,854	5%
genepoolrentsclr	1,255,570,169	2.5%
huolian	924,390,810	2.5%
anvildrak	1,764,977,669	100%