Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 5 terms
A Japanese trend system of five lines, including a forward-projected cloud of support and resistance.
Looks like the busiest indicator on the screen and is really one midpoint calculation at four speeds. Above the cloud is up, below is down, inside is no-trade.
The Ichimoku cloud — the shaded area between Senkou Span A and Span B, plotted twenty-six bars ahead.
The only common indicator that draws part of itself into the future, so today’s chart shows where support will sit next month.
The Ichimoku lagging line: today’s close plotted twenty-six bars into the past.
Carries no forward information at all. It only tells you whether price is above where it was twenty-six bars ago.
The Ichimoku base line: the midpoint of the highest high and lowest low of the last twenty-six bars.
The slower Ichimoku line, often used as a trailing stop in an established trend.
The Ichimoku conversion line: the midpoint of the highest high and lowest low of the last nine bars.
The fastest Ichimoku line. Crossing it means little on its own; where price sits relative to the cloud decides everything.